Online “real-time" payments: It's guaranteed good funds for you and it’s what your customers expect. Now more than ever, consumers demand the ability to pay their bills and receive credit immediately, whether to avoid a late fee, make sure that service is not interrupted, or to keep their credit rating high. The proliferation of smartphones and tablets, in addition to PC penetration, has heightened the belief that payments, just like online shopping, can be made any day, any time, from anywhere.
Here’s how accepting NYCE debit cards for payments can help.
Research shows consumers prefer to use debit cards rather than tap a credit line to pay for "life's necessities." Today, NYCE’s Direct Bill Payment service satisfies that market preference in a big way − enabling thousands of billers to offer customers an expanded choice in payment methods via Web site, interactive voice response (IVR) and call center.
Direct Bill Payment, also known as "PINless" bill payment because the consumer doesn't use a personal identification number (PIN) to make the payment, has enjoyed phenomenal biller acceptance and growth since its introduction in 1999.
Accepting PINless payments can dramatically reduce your bill payment processing, check and cash handling expenses, and make your interchange expenses lower than credit or signature debit rates. Of course, in addition to operational efficiencies and cost savings, Direct Bill Payment provides greater payment choice and convenience for your bill-paying customers. And it’s what your customers expect in today’s on-demand world.
Are you eligible to accept Direct Bill Payments? Created principally for regular, residential services, here are the most popular categories:
Contact Us if you would like to know if your company is eligible to enjoy the benefits of Direct Bill Payment.