Online “real-time” payments: You get your payments online in real time, 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, ensure uninterrupted service or 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, at any time, from anywhere.
Here’s how accepting NYCE debit cards for payments can help.
Year-over-year transaction growth indicates that consumers like to use debit cards to pay for life's necessities. Today, NYCE’s Direct Bill Payment service satisfies that ongoing market demand in a big way, enabling thousands of billers to offer customers an expanded choice in payment methods via website, 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 and check and cash handling expenses while making 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:
- Cable and internet services
- Digital media subscriptions
- Educational institutions
- Health club subscriptions
- Home security
- Insurance companies
- Government agencies
- Lenders (auto loans, mortgages, credit lines, home equity)
- Pest control
- Prescription refills
- Property maintenance
- Satellite TV and radio
- Storage services
- Telephone (land line and mobile)
- Utilities (electric, fuel)
- Transit expenses
- Waste disposal