Oct 182014

By Mohammed Waseem

In my last post about bill pay service offered by IndusInd Bank of India, I had mentioned that they have partnered with BillDesk to offer bill pay service through online banking system. They offer solutions for businesses to offer a comprehensive bill presentment, payment and management solutions. But that is only one of the solutions they offer.

They offer bill pay solutions to individuals as well. Anyone in India can register for the service and they can start using it. This is the link to begin the registration process. Their website is a simple one, but is secure and convenient to use. They support many billers in 23 major Indian cities. They define billers as those companies that issue ebills and accept payments online.

BillDeskApart from these, there are payees, which are defined by them as those companies that do not issue ebills, but accept payments through BillDesk. An example for the latter is insurance premium payment. The biller list and the payee list can be referred to, to find out which of the companies are supported and which of the companies issue bills online.

To use the service, one has to login and add the required billers to pay the bills to. Once billers and payees have been added, payment instructions have to be provided, after which the bill is processed and the payer receives a confirmation. To try the service and know better, how things work, readers are advised to access this demo.

The benefits that BillDesk promises to offer include convenience, flexibility, effective tracking and savings in terms of time and money. Interestingly, the service is available free of cost for individuals. They make money from bill presentment and bill management solutions offered to businesses.

May 062014

By Mohammed Waseem

UK based PaySwyft allows customers to pay bills in under one minute on their website. They work on paperless solutions to decrease the use of paper and contribute to the green environment. The paperless solution helps in reducing manpower, storage, paper and postage costs. In addition, it is highly efficient and cost-effective.

PaySwyft is an electronic bill presentment and payment provider that allows customers to view and pay bills at any time anywhere. Any company can use PaySwyft to issue bills or invoices to their customers and offers them a variety of payment options including cash, debit cards and credit cards. The solution is free to use for customers. Once a user registers, he/she can receive bills online, schedule payments, pay bills, pay by cash at over 22000 PayPoint outlets across the UK, setup alerts and reminders and store bills online to access them at anytime, anywhere.

PaySwyftAuto reminders help the users to avoid missing a payment, thus avoiding late fees. Companies may offer early payment discount or other offers to PaySwyft customers, which the users can benefit from. They also offer a service called Dynamic Debit, which includes recurring bill pay facility and setting automatic payment for amounts below a certain user-defined limit.

Any company can become a part of PaySwyft, present bills and invoices and accept payments by cash or cards. There is no setup costs involved; they have to pay as they go. Transaction fee for bill presentment is £0.25 – £0.50 and for payment processing, it is £0.06 – £0.36.

An amazing feature of PaySwyft is that if a user chooses not to register, he/she can still pay a bill. All the user has to do is go to the PaySwyft website, enter the bill details, choose payment method and confirm the payment. This service is called Instant Payment and can be used by anyone in the UK to pay a bill without registering on PaySwyft website. Users who want to register for an account can use this link to do so.

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