Mar 192014

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.

iPay SolutionsThey 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.

Jan 162014

By Mohammed Waseem

Financial Software and Systems (FSS), a leading global payments solutions company offers various financial products in the areas of electronic payment and financial transaction processing. The company is headquartered in India and has operations in Australia, Canada, the Middle East, Singapore and the United States of America.

Over 100 companies in the world use FSS products and services. In India, 30 banks use their products for processing millions of transactions every day. One of their products is called “FSS Bill Pay”, which is a comprehensive multi-channel bill payment solution. Payments are accepted online, on just entering the bill details without having to present the bill as the bill dues and other details are fetched from the service providers. They provide a fast and secure way for bill payment over ATMs, kiosks, mobile and internet payment gateway channels.

FSS MobileFSS offers their payment platform to financial institutions including banks and they also have a revenue sharing scheme. They also ensure better returns to the institutions.

FSS also has a mobile payment solution which enables bill payment from a mobile phone. They say that this service works everywhere. Anywhere a person goes in the world, payments can be made through it. All one needs to do is register their phone for FSS Mobile Pay and take their phone anywhere they go, globally. Payments happen instantly for user-convenience and to match the customer demands. So, this acts as a mobile wallet with which you can pay anyone located anywhere. Of course, there is a charge for each payment you make.

FSS Mobile Pay allows users to make payments, track their payments, get notifications, and it also keeps the transaction secure, easy, convenient and affordable. They also have the capability to integrate large businesses into their scope and range. A user can register through mobile phones, ATMs, phone banking, online or by visiting a branch for their financial institution.

FSS does not offer stand-alone apps or products to end users. They offer products and services to financial institutions who offer them to their customers; the institution’s payment solutions are powered by FSS.

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