Today’s businesses need robust solutions to manage their receivables. Traditional banks waste a lot of time and expense processing collections for their government and corporate customers through their brick and mortar infrastructure. That is why it is critical for financial institutions to offer a unified bill aggregation platform that enables payment processing and alternate delivery infrastructure for bill collections, seamlessly offering the same to physical collection channels. In short, collections have to be accepted and processed anywhere and anytime.
With the increasing adoption of electronic banking channels such as ATM, POS, internet and mobile banking, it is imperative for banks to offer bill payment facilities through payment processing software which allows users to pay via existing and new channels in an integrated, synchronized platform.
IRIS Bill Payment enables financial institutions to offer digital payment services to their customers securely and conveniently. Capitalizing on bank’s existing infrastructure, government as well as private entities can provide easy access to their customers for bill presentment and payment using channels of their choosing.
Transform Customer Experience with IRIS Bill Payment
- Multi-channel support
- Biller integration in online and offline modes
- Dynamic addition of new billers
- Configurable for different processing rules
- Configurable as a billing gateway
- Fast & effective disputes resolution through payment reversals
- Grace period configuration and more!
