OrbiPay for Banking

In an industry where most products and services have become commodities, banking customers have the freedom and mobility to select the institutions with which they want to do business. In this hyper-competitive market, customers gravitate to institutions that offer convenient and reliable services.

To more efficiently conduct e-business, you need a technology partner that understands every facet of online banking and electronic payment processing ‒ a service provider with experience linking customer-facing business processes with core banking functions. Electronic payment solutions are an essential part of modern banking and our OrbiPay product suite can seamlessly integrate with your e-Banking and e-Financial services platforms.

OrbiPay is available in two business models: bank as a biller and bank as a service provider.

OrbiPay for Bank as a Biller

This model enables you to receive electronic payments for the bills your organization distributes to its customers. You can receive and process payments from multiple business units such as Credit Card Services, Auto Finance, Mortgage Lending, and Retail Services through a centralized system. These customers can remit payments via your Web site, VRU or agent channels in a secure environment by using their bank accounts as funding sources.

OrbiPay integrates with your existing back-end systems and ACH gateway to process payments and provide you with the necessary details for accurate collection and timely remittance posting. The business rules defined during the implementation process can vary from one business unit to another. Each business unit can create unique biller direct websites. All transactions are consolidated into one payment warehouse and processed by OrbiPay Enterprise.

OrbiPay for Bank as a Service Provider

This model enables you to configure OrbiPay as a Biller Service Provider (BSP) so you can offer value-added services to your treasury and cash-management clients. You can integrate this solution with each customers website to complement and extend each unique online presence and brand. This enables your treasury and cash management clients to collect electronic payments from their end-customers in a seamless fashion.

In this context, the OrbiPay product includes self-provisioning tools for repeat implementations, aggregation tools for consolidated reporting and management, and additional capabilities for service billing and second-tier customer service.

Alacriti provides all the necessary tools to market the BSP application to your clients, along with the training necessary for highly successful implementations.