IPPay offers flexible, reliable service that can be tailored to meet your specific recurring payments needs. The Recurring Payments feature ensures that transactions are processed for payments that occur on a regular schedule, Account Updater feature ensures that payment disruptions caused by card account changes are resolved, and Transaction Recycling feature resubmits transactions to gain approval for items that are declined at the normal billing period.
IPPay’s Recurring Payments Feature is perfect for bills or fees that occur on a regular basis. For example, monthly or quarterly subscription or membership fees can be processed systematically on a set schedule.
With card-based payments so prevalent in everyday transactions, customer service issues arise when customers fail to notify you of a change in their credit card information. The IPPay Account Updater electronically retrieves the most current cardholder information and updates the account without notifying the card holder. By automatically maintaining the accuracy of customer data, the IPPay Account Updater prevents disruptions due to account changes. It extends the life of automatic payment arrangements by helping secure these ongoing, revenue-generating relationships, all while locking in revenue, reducing processing costs, maintaining service continuity and strengthening cardholder satisfaction.
Transaction Recycling is an additional feature of the Recurring Payments engine. If your client gets a “decline” at the normal billing period, IPPay will continue to work the transaction based on internal rules for up to 15 days to receive an approval. This procedure happens without merchant or client intervention. Approvals received by the IPPay Transaction Recycling engine reduce customer service costs and decrease cancelled service requests.
Reduce the PCI compliance headaches by using our Encryption Service. No longer store card numbers locally, using IPPay’s Crypto-Pan, processing works the same as before, only that card numbers are replaced with an encrypted value only known to IPPay.
Electronic Transfer / Bank Draft / ACH
IPPay not only offers recurring billing with credit cards but also ACH or bank draft processing. Many of the features above are supported for ACH processing as well. ACH payments can be sent in the same batch file with credit card payments.