EDS*PAYSM for Convenience Pay Services
Executive Overview
- Provide customers with flexible payment options
- Streamline payment information
- Guarantee funds availability
- Reduce statement-rendering and processing costs
With EDS*PAYSM for Convenience Pay Services, you can offer your customers electronic, internet or telephone payment solution anytime and without investing in technology and staff. Your customers gain control and convenience through a range of payment options and improved access to account information. At the same time, EDS*PAY’s paperless transactions allow your organization to benefit from improved availability of funds, posting speed and accuracy, and secured transactions. What’s more, you reduce or eliminate the need for customer service representatives to accept payments – and thus reduce costs, as well. Regardless of payment type, EDS can consolidate all remittance and financial data into a standard financial electronic data interchange (FEDI) file format and/or proprietary format for account-posting purposes.
EDS*PAY for Convenience Pay Services also helps you grow your business by expanding your payment channels. We can implement new channels virtually overnight, and there are no special technical requirements. All of our services are just as flexible, and can be tailored to your business needs.
In sum, EDS*PAYSM for Convenience Pay Services delivers access to real-time information, which increases both your efficiency and your customers’ satisfaction. By relying on our stability and experience, you can bridge the gap between the paper and electronic worlds effectively.
Available Features
- Suite of payment alternatives for billers and merchants that accept multiple types and sources of electronic payments, including the Internet, Interactive Voice Recognition (IVR), or Personal Data Assistant (PDA)
- Allows consumers to pay bills using credit cards, ATM cards, or through ACH
- Client support services that include live operator transaction inquiry service and 24-hour online payment verification
- Collects and consolidates multiple remittance sources into a single information stream