CenPOS, a fast-‐growing payment processing technology provider, last week published an online infographic via Twitter (@CenPOS). The infographic, entitled “Who Killed the Paper Bill” illustrates the benefits that CenPOS EBPP provides its clients and their customers. The infographic can be found online: http://www.twitpic.com/7cfth3
Electronic Bill Presentment and Payment (EBPP) is quickly becoming the preferred payment option across a wide range of business segments. The CenPOS EBPP platform reduces the traditional costs associated with paper invoicing and improves cash flow through a faster and more efficient collection process.
Key benefits for merchants include:
- Reduces processing time and costs of printing and distributing paper bills
- No integration required.
- Eliminates cost of postage
- Reduces undeliverable mail (cost and time wastage/inconvenience)
- Eliminates need for paper-‐based storage and retrieval
- Eliminates paper/payment handling and reduces related staffing costs
- Increases green credentials and/or perceived awareness
- Increases security with measurable delivery
CenPOS EBPP is a payment engine that creates and delivers eBills through secure, encrypted emails. Unlike with other EBPP services, consumers are able to pay the invoice directly through the CenPOS-‐generated eBill window; thereby, making it more convenient and easier to pay for the consumer. EBPP options are gaining popularity with telecommunications providers, academic institutions, non-‐profit organizations, and professional services (such as medical and legal practices) due to the quick-‐turn around and low implementation costs.
“Creating efficiencies through payment innovation”
Founded in 2009, Miami-‐based CenPOS is a payment technology provider. CenPOS is committed to providing its customers and partners with innovative solutions for today’s rapidly evolving consumer payment choices.
CenPOS is an intelligent payment-‐processing network that streamlines the payment experience for businesses and consumers by using state-‐of-‐the-‐art technology to replace inefficient, outdated payment systems. The network reflects the core values that drive the experienced and innovative CenPOS team: Simplicity, Scalability, Security and a holistic approach to payment processing strategies.
CenPOS provides solutions to a range of organizations including but not limited to retail, card not present merchants, automotive dealers, professional services and academic institutions; special programs are also available for non-‐profits. Call us: (305) 630-7960, or toll free: (877) 630-7960.
Follow CenPOS on Twitter: @CenPOS