By Mohammed Waseem
ProfitStars, a leading software, solution and technology innovator has a bill payment solutions for retail banking customers including small businesses. They are a Jack Henry Company, operating as a diverse, global division of the latter.
More than 4000 financial institutions already use their solutions called iPay Solutions which are meant for online bill pay and mobile bill pay. There are 5 different products offered under iPay solutions. There is Consumer Online Bill Pay which is meant for individual consumers, there is Biz 2.0 for businesses to make payments including payroll, there is BillSimple for billers. TheWayIPay for person-to-person payments and Mobile Bill Pay for iPhone and Android users.
They also have iPay OneClick, which supports single or recurring payments with other web banking providers and Andiamo, which provides a single view of aggregated data from multiple financial institutions in a mobile application. All of their solutions are available for businesses and not for individuals. So, if individuals use their services through their online banking accounts.
iPay Online Bill Pay offers several options such as single, recurring and automatic payments when it comes to paying a bill. Recurring payments can be setup weekly, monthly, annually or at any other frequency. Single payments can also be made to individuals on their email address or electronically or by sending them a check.
The payments calendar displays all the past, pending and future bills for the better convenience of the user. Reminders can also be setup in order to avoid missing a due date. When a payee has been added and a bill is being paid, the amount of the last bill paid is displayed on the screen and it is displayed every time a user pays a bill, so that they don’t have to go elsewhere to check this information.
Notifications can be received by email or text message or both, as chosen by the user, which includes a report of bills paid. E-bills can be received directly on the online bill pay account for supported billers. E-bills history for 18 months can also be viewed online.
iPay Solutions is a comprehensive solution for businesses which includes all services which a good bill pay service should have. Many American companies already use their services, and the customers can access online bill pay from their online banking accounts or their mobile phones.