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“A sale is not a sale until cash is in the bank!”

The collection of financial obligations has become a highly specialized business. The complexity for businesses to ensure that they collect the money that is due to them, at the right time and in the most cost effective manner, has given rise to the need for specialized companies such as PAYM8 to step in and fulfil that role.

 

VALUE PROPOSITION

Multiple Collection Channels

  1. These days, there are multiple collection channels available that can be employed in the collection process. 
  2. Applying these channels in the most effective way remains a challenge.
  3. PAYM8 aims to shift the paradigm when it comes to collections, by taking a holistic approach to the available collection channels and employing these channels in such a way to incorporate companies’ unique needs and requirements. 


Multiple ways accessing the PAYM8 Collect Platform

  1. A web-based user interface that maximizes mobility and allows merchants the convenience of managing their collections remotely anywhere and at any time.
  2. The ‘PAYM8 Client’ application that acts as a data-capturing tool, designed specifically for areas where internet connectivity is sub-standard or unreliable.
  3. Web-Services integration that provides companies with IT resources to integrate directly into the PAYM8 Secure software platform

 

WITH PAYM8 COLLECT YOU CAN:
  1. Maximise collection success – collect payment quickly and conveniently
  2. Trigger the correct workflows based on transaction outcomes
  3. Keep the collection process as cost effective as possible
SYSTEM INTELLIGENCE
  1. Incorporating the necessary System Intelligence, the PAYM8 Collect Platform opens up the way for businesses to have multi-channel collection strategies across a broad spectrum of available collection channels.
  2. By cleverly using the existing collection channels in parallel, PAYM8 aims to optimize your collection policy while keeping your costs as low as possible.
FUNCTIONALITY
  1. Collect Funds anytime, anywhere
  2. User Friendly, easy to use system that allows pay-date driven collections from all major banks
  3. Deduct funds once-off or as multiple instalments on the  specified date
  4. “Plug In” for easy connectivity to our platforms
  5. PAYM8 Collect ASP (Application Service Provider) Model is available across the continent – Resellers welcome

Reporting and Evaluation Tools 

  1. Transaction outcome reports are available and can be downloaded 24/7 from our online web-console.
  2. Apart from providing businesses with transaction outcome reports, the PAYM8 Collect Platform provides businesses with analysis and evaluation tools that allow them to measure the effectiveness of their collection strategies.  The clear and easily understandable reports serve as ideal management information and can be incorporated into a company’s monthly performance or financial reporting.


Mobile Applications

  1. Globally, companies are realising the need to engage and communicate with their customers.  Whether through mobile marketing strategies, notification messages or payment authorisation requests, the PAYM8 Collect Platform can incorporate Mobile Technology as an element of the ideal collection solution.

SECURITY
  1. The PAYM8 collect database is hosted in a VISA-certified hosting environment that protects the integrity of both customer and merchant data records.
  2. Security at User-level can be controlled dynamically, and offers businesses the ability to restrict user access in order to minimize internal risk.
  3. PAYM8 upholds PCI-DSS security standards that ensure that card data is stored in line with the requirements set by international Card Associations.
 
  PAYM8 HEAD OFFICE Tel: + 27 11 564 2460 • Fax: +27 11 564 2496 • info@paym8.co.za