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Multi-channel payment system providers continue their expansion

Omni-channel/multi-channel payment providers are continually adding local and mobile providers to their offerings, so that companies only need to use one provider for the payments and collections.

The latest example of this general development is the announcement by Transactis, a leading white label omni-channel provider in the US, of a strategic relationship with Walletron, expanding its electronic billing and payment offering BillerIQ with the bill-to-wallet service moBills®, enabling businesses to present notifications, bill statements, and a streamlined payment experience through customers’ smartphones – all without ever downloading an app. Walletron will serve Transactis’ premier distribution client base, all leading players in the financial services, technology and digital communications industries.

“Our relationship with Walletron enhances our mobile delivery strategy for our distributors and their clients’ bill pay solutions,” explains Transactis CEO Joe Proto. “The mobile wallet is a critical component of today’s omnichannel payment strategy. Now, Transactis’ clients can save costs and improve cash flow while connecting with customers through their preferred channel – the mobile phone – reaching the next level of paperless engagement.”

Walletron coverage

Walletron moBills® operates within the native mobile wallets on the leading smartphone systems, Apple Wallet on iOS and Android Pay on Android phones, covering over 97% of U.S. consumers. Walletron’s moBills® delivers a new twist on traditional mobile wallet uses like boarding passes and membership cards – an electronic bill delivered, paid and updated in real time via moBills® in the smartphone.

Transactis positioning and coverage

Transactis focuses on traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with efficient and cost effective digital alternatives. Transactis provides their services exclusively to resellers—financial institutions, technology companies, printers and business process outsourcers - to enable them to provide their customers with secure, configurable, white-label, industry-leading SaaS solutions. 

CTMfile take: In the omni-channel business, Transactis is an important example how resellers are emerging to solve the problems for the front line payment service providers by enabling them to deliver omni-channel services. In the multi-channel-payment business two key differentiators between the omni-channel payment providers are the number type of payment systems they link to and the seamlessness of the linking back to the corporate customer where Transactis is good at both.

This item appears in the following sections:
Payments - Bill Collection
Accounts Receivable Management
Payments - Making
Accounts Payable Management
Card Payments at POS

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