Securely Collect & Apply
Subscribers’ Payments
Plus, easily add telecom payments channels
Payments Management
Make Telecom Payments Easy for Everyone
Beesion’s Payments Management software makes it easy for carriers to collect subscribers’ payments, and even easier for subscribers to pay their bill. The telecom payments software serves as the secure link between financial institutions and your billing system.
On a monthly basis, the software sends the subscribers’ monthly invoice amount to affiliated payment services, like PayPal. Once the subscriber makes the payment, it then posts it to his/her telecom accounts. The software also:
- Enables new and convenient payments channels
- Applies subscribers’ payments to all their accounts
- Reconciles missing or misapplied payments and posts them to the right account
- Manages autopay services for the customer base
The low-code software is quick to launch and update because it uses little to no custom code. It also complies with all the rules for the safe transfer of money.
Automates the Collection of Recurring Payments
Using batch transfer, the software sends each subscriber’s bank a file with the amount due. Once the subscriber pays the amount, the software uses a wide range of rules, parameters, and identifiers to match the payment to the account automatically.
Apply Unattached Payments
Using a wide range of filters, analysts can apply unattached payments to the correct account. They can also view misapplied payments and manually reapply them to the correct account.
View subscribers’ payments collected at each location. Also view whether they were successfully applied to subscribers’ accounts.
Enable New Payments Channels – Even Online
View payments’ collection points and set all the rules.
Supports Online Bill Pay/Auto Pay
- Split their payments for the month into installments
- Schedule or change a date for auto pay
- Pay part of an auto pay balance and automatically charge the remainder
Beesion’s telecom payments software complies with the Payment Card Industry (PCI) Data Security Standard (DSS) to protect cardholder data. It also supports ACH Direct Payments established by the NACHA.
For Past-Due Customers
The payments software will notify Beesion’s Collections Management software of any subscriber payments, and if justified, the collections software will reconnect service and close cases. The payments software will also inform Beesion Credit Analysis of customer payment patterns to deliver more predictive credit-risk scores.
More Ways to Pay
Beesion’s telecom payments software also supports:
Enable Payment Slips:
Create payment slips – such as a Boleto Bancario or Boleta de Pago in Latin America. Subscribers can pay these slips at any payments’ location. The software will transfer the payment directly to the subscribers’ accounts.
Communicate Easily with Subscribers
Enable telecom subscribers to pay their telecom bills when they log in to their ATM. The application will send the telecom invoice amount to affiliated area banks. Once a customer logs in, he will see the amount on the screen. The application will process any payments made. Software complies with SEPA (Single Euro Payments Area) for transfers/exchanges
Reconciles Payments in Multiple Systems
Beesion sits in the middle of the payments’ lifecycle and is responsible for updating all the different systems – everything from the billing systems to operator bank accounts. It can even reconcile the General Ledger.
It supports three reconciliation processes:
It reconciles payment confirmations with fund transfers to the operator’s bank accounts.
It has a bidirectional connection with the billing system, which sends bills and updates to the Payments Software, while the software matches payments to subscriber accounts. (The software has tools to reconcile any missing, duplicated or misapplied payments).
If needed, Beesion can reconcile multiple GL accounts (revenue, receivables, etc.) with customer account activity in the billing system (bills, payments & adjustments). It can also reconcile activity in operator’s bank accounts with records in the GL.
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