PRESS
RELEASE
BillMax
announces alliance with IP Pay, a division of Convergence Technologies Inc.
Fort
Worth, TX 11/4/2009 BillMax Billing Solutions announced today their
alliance with IP Pay, a next generation cost effective recurring payment
merchant services solution for telecom, utility, and internet companies. Through this partnership, IP Pay payment
technology will be directly integrated in Billmax, eliminating the third-party
gateway and giving Billmax users the ability to take advantage of IP Pay
Account Updater, Continuator, and Economizer payment processing features that
have traditionally been limited to large players like AT&T and Comcast.
The
Payment Card Association, recognizing the unique nature of the recurring
service provider business model, have created programs that help these
businesses save money and optimize their customer payment processing
relationships, says Charles Wu, President of IP Pay. Unfortunately, only the largest players in
the industry who are aware of these programs can afford the overhead of direct
processor connections required for participation. Most service providers, stuck in the world of
third-party gateways, have been drowned out in a larger pool of e-commerce
merchants which ends up costing them more money. By partnering with BillMax, we are able to
cut out middleman and provide a cost-effective method for BillMax users to
benefit from the programs.
Rob
Genevosi, President of Coastside.Net states I can tell you that we have never
had this type of service or this low of a price from a merchant processor. The IP Pay integration with Billmax was
amazingly easy and it has functioned flawlessly. The only difference we have seen is that we
are getting our money quicker and keeping more of it, both good things.
We
are delighted to be working with IP Pay, said Bill Schoolfield, Vice President
of Billmax. In addition to having
products like IP PayAccount Updater, Continuator, and Economizer that are
helping our ISP customers save thousands of dollars on their payment
processing, we have collaborated with the IP Pay team to provide for one click
integration that lets Billmax customers easily take advantage of all these powerful
features. More importantly though, with
IP Pay, we know that someone will work with us to solve customer problems. I think our customers are just pleased to
have contacts at BillMax and IP Pay who won't point fingers at the other guy.
IP
Pay's comprehensive solutions are developed and supported completely in-house
by IP Pay experts who understand the unique nature of the Telecom, Utility, and
Internet Payments space, resulting in a unique 360-degree view of the entire
payment transaction. Each solution
includes all of the critical products and services that define successful
integrated payment processing:
-
Feature-rich,
fast and dependable payment technology
-
Seamless
and secure transaction processing
-
Free
developer kit and integration/certification services
-
PA-DDS/PCI-DSS
validation and compliance services for software developers and their customers
-
Dedicated
account managers for developers and their resellers
-
Marketing
services to promote the integrated solution to customers
-
Free,
unlimited technical support from experts familiar with the specific solution
About BillMax Billing Solutions
BillMax Billing Solutions, headquartered in Fort Worth, TX, is a leading provider of software solutions that automate account receivables and associated service provisioning for Internet Service Providers. BillMax solutions provide a near "lights out" operation that greatly reduces costs, errors, account receivables and improves customer service. For more information on BillMax and its product and service offerings, please visit www.billmax.com.
Contact Information:
Bill Schoolfield
BillMax Billing Solutions
(817) 446-7776
bill@billmax.com
About IP Pay, Inc.
IP Pay, a division of CTI, provides simple and integrated solutions that extend the life of card-not-present recurring telecom, utility, and internet payments. Fast, Smart and Easy, IP Pay's platform provides seamless implementation that allows merchants to benefit without having to impact their customers or disrupt services.
IP Pay Account Updater ensures uninterrupted recurring payments by updating card-on-file account changes from lost, stolen, or reissued cards directly from the issuing banks. IP Pay Account Continuator allows for the seamless bill-through of expired cards, thus extending the life of recurring payment arrangements.
IP Pay Account Economizer gives merchants the advantage of specialized market interchange categories for recurring bill payments, bypassing the high-risk surcharges levied on traditional e-commerce and card-not-present transactions.
The IP Pay Platform extends the life of recurring payment arrangements by helping secure ongoing, revenue-generating relationships, all while locking in revenue, reducing processing costs, maintaining service continuity and strengthening cardholder satisfaction. For more information on IP Pay and its products and service offerings, please visit www.ippay.com.
Contact Information:
Charles
Wu
IP
Pay, a division of CTI
(847)346-0990