Bill Payments Solutions for Telecom

Move Money from Customer to Retailer to Carrier, Instantly

The complexity of transferring money from one bank account to another can be a headache. iQmetrix Bill Pay makes it easy to move the right amount of money to the right place, every time. By ensuring bill payments are disbursed accurately, there’s no friction when moving funds from customers to authorized retailers to the carrier.

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No Dual Entry Means Faster Transaction Times

Traditionally, multiple systems meant multiple entries. Bill Pay eliminates the need for dual record-keeping for transactions with system integration. This reduces manual work, data entry errors, and overall frustration.

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Uncomplicated Reconciliation Efforts

Integrated Bill Pay simplifies complex reconciliations between a carrier and authorized retailer. When manual effort is reduced, it lowers the potential for reconciliation disputes while also removing unneeded steps in the reconciliation process.

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Quick and Easy Onboarding

The user-friendly, self-serve functionality of Bill Pay removes the need for long-onboarding processes. iQmetrix’s online portal has streamlined, easy account verification which means retailers can be onboarded to the payment service, near instantly.

Features

Simplified Money Management

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Complex transfer processes need flexibility 

Extremely flexible program configuration ensures Bill Pay can fit any fund movement flow required for both carriers and authorized retailers including customizable payments scheduled, and payment terms.

Guaranteed fund disbursement  

Program changes can be made in real-time with a guarantee that the funds swept from retailer accounts will make it to the carrier promptly. No void checks allows everyone to be paid, on-time. 

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Full compliance and fraud reduction  

As money transmissions laws vary, and can change frequently, iQmetrix takes a zero-risk compliant approach by partnering with MetaBank. This partner is allowed to facilitate money transmission in all states, reducing the potential for business blocking issues.  

Robust, accurate reporting

The iQmetrix online reporting is a powerful tool for financial reporting and seamless reconciliation. No matter who you’re working with—authorized retailer or carrier—you’ll have the data you need. 

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Integrated with RQ

For even more efficiency, Bill Pay is integrated with both RQ and RQmobile. Customer data, transactional history, and payment functionality are all accessible and to add Bill Pay to these products takes minimal setup.

Bill Pay Features

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Complex Money Movement

Extremely flexible program configuration ensures Bill Pay can fit any fund movement flow required for both carriers and authorized retailers.

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Guaranteed Fund Disbursement  

Program changes can be made in real-time with a guarantee that the funds swept from retailer accounts will make it to the carrier promptly. No void cheques!  

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Full Compliance & Fraud Reduction  

As money transmissions laws vary, and can change frequently, iQmetrix takes a zero-risk compliant approach by partnering with MetaBank. This partner is allowed to facilitate money transmission in all states, reducing the potential for business blocking issues.  

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Reporting  

iQmetrix’s online reporting is a powerful tool for financial reporting and seamless reconciliation. No matter who you’re working with—authorized retailer or carrier—you’ll have the data you need. 

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Increase online and in-store sales

Omnichannel solutions allow customers to buy when, where, and how they want whether they prefer to purchase in-store, online, or using their mobile device. Not only can your customers shop more easily, but fewer purchase barriers mean they’re likely to buy more.

Simple, Intuitive Bill Pay

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A simple, intuitive interface for your sales associates lets them quickly and accurately take customer bill payments. 

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A quick and smooth setup reduces the effort required to get a new location or agent ready to take carrier account payments. 

A national carrier with over 5,000 locations uses iQmetrix Bill Pay to accept payments in their stores. They see more streamlined agent onboarding, zero risk to the carrier, and have a funds transfer schedule that is customized to their needs.

Are you ready to optimize your bill payments process?

Are you ready to offer more?

Complete the form below to see how Bill Pay can provide a better, faster transactional experience for your telecom store.