Online Bill Payment & Presentment (OBPP) is an easy and automated method to improve revenue stream (sometimes by 600 percent or more) on low recovery customers.
OBPP is increasingly being used as a core collection process by financial services companies, healthcare organizations, and collection agencies. As an authorized reseller of revExpress™, Bacompt can automate your payments and improve your processing efficiency all in one tidy, personalized package.
Within your statements or collection letters, we provide a hosted link to the customer’s own personalized website, pre-populated with account and payment information. Here the customer can make payment arrangements; pay by credit card, debit card, or check; and update personal information. Partial payments, as well as account-specific payments from the same bill, are also options. Once the payment is processed, the money is deposited directly into your account, and both you and the customer receive an email confirming the transaction.
Value-added features include:
- Conditional logic: Control every option and payment parameter.
- Branding control: Complete control over the page branding, logos, fonts, colors, and much more.
- Instant funding: Immediate access to daily direct deposits.
- Real-time analytics: Real-time insights into your revenue stream from one dashboard.
- Airtight security: Both Bacompt and revExpress maintain the highest levels of PCI and HIPAA compliance.
- Mobile friendly: Works on smartphones and tablets.
What’s more is that it’s easy for you. For more information on how we can help reduce your accounts receivable while increasing your cash flow, contact us now.