PayGate and Billminder, leaders in electronic payment processing and bill consolidation have launched PayBillminder: a secure, SARS-compliant service that presents branded electronic bills for merchants and joins them with payment. Merchants use their conventional billing systems to generate invoices, credit notes and statements which are then uploaded to PayBillminder for distribution, presentation and payment via the PayGate service.
PayBillminder is a consolidator and online bill sharing platform that enables consumers to view, organize and pay branded electronic bills from many merchants with a single login.
PayBillminder extends the PayGate payment service and further reduces risk of credit card fraud by securing the entire transaction from the point where the bill is issued by the merchant. Merchants can see when e-bills have been viewed, paid or ignored, and customers do not have to give credit card details over the telephone. PayBillminder is a transaction-enabler that gives convenience, choice and control over how to pay.
Beyond the obvious benefits of saving paper and postage, merchant cash flow can be boosted and queries speedily resolved by enabling consumers to view, dispute and pay bills online. Many people will pay an electronic bill immediately if given a convenient means to do so. Furthermore, PayBillminder joins biller account and invoice details with payment references, thereby enabling automatic payment reconciliation.
PayBillminder can present any kind of branded bill for any industry, is affordable for SMEs and does not require bill-decryption software to be installed on user PCs.
