PayFlex Platform Collection products are comprised of products for all kinds of bill payments and prepaid operations. The product integrates with the prepaid and billing system and communicates with different payment channels enabling the company to improve the prepaid sales and payment collection processes.
PayFlex Collection is specialized for utility companies, banks, financial institutions, 3rd party collection entities. The provided products are:
- PayFlex Postpaid
- PayFlex Prepaid Recharge
- PayFlex E-Voucher
PayFlex Postpaid
The ultimate goal of all business is to generate and collect income. In the value chain of any operation, collections are the critical link without which the business cannot survive. A streamlined, functional and fast collection process ensures healthy cash flow and competitive advantage.
For companies who are collecting payments from hundreds, thousands or millions of subscribers, the collection process is even more critical. In today’s competitive environment, subscribers demand the capability to make payments at anytime, anywhere, through their preferred channel, using their preferred payment method.
PayFlex Postpaid provides a unique and integrated software platform enabling to manage all the collection operations for the postpaid subscribers. The online collection network enabled by PayFlex Postpaid can make online monitoring of cash flow possible, while reducing operational expenses for both the utility company and the collection intermediaries by automating processes such as settlements and reconciliations.
Services such as air-time transfer from postpaid subscribers to prepaid subscribers can be launched easily and effectively through the functionality provided by PayFlex Collection. Standard PayFlex Postpaid transaction set is listed below:
- Bill Payment
- Advance Payment
- Partial Payment
- Installment
- Direct Debit System
- Tax Collections and Donations
PayFlex Prepaid Recharge
A rapid increase is taking place in the number of mobile markets dominated by prepaid subscribers. The efficiency of the prepaid process is therefore considered by the companies as an issue of strategic importance, as they continue to focus on reducing operational costs in order to strengthen their positions in the market and acquire competitive advantage.
PayFlex Prepaid Recharge solution enables prepaid subscribers to topup anywhere, anytime and also allows the company to eliminate a number of expenses associated with voucher printing and distribution.
PayFlex Prepaid Recharge frees subscribers from fixed retail locations, opening hours and voucher card availability and allows them to pay for services by the most convenient means, such as credit card, bank accounts and others. The result is increased air-time, revenue and improved customer satisfaction and loyalty. PayFlex Prepaid transaction set is listed below:
- Prepaid Recharge by Package
- Partial Prepaid Recharge
- Threshold Prepaid Recharge Order
- Periodic Prepaid Recharge Order