StatementIP:
Electronic access to commercial card statements
| StatementIP is
an online electronic bill presentment and payment system enabling
credit card holders of financial institutions to receive, view
and pay statements online through a secure Internet connection.
Electronic statements remain available online for as long as
the client prefers, allowing cardholders to download or print
historical statements as needed. Financial institutions can drastically
reduce invoice distribution costs, and improve customer
relationships by providing the conveniences of online invoicing
and payments.
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StatementIP is currently in use by the world’s largest bank
and second largest issuer of commercial credit cards as a cost
saving alternative to their paper-based report and statement
distribution processes. It compliments the capabilities
of current commercial card processing services (TSYS,
FDR, CTL, etc.), or integrates seamlessly with in-house
systems. Cost savings can be realized even if commercial
card processing is outsourced to another bank or other card processing
software is used from multiple card processors. |
Adopting an electronic method for your commercial card customers
to view and pay invoices online provides them with time-saving
conveniences and it saves you money. These documented cost
savings can be up to $0.35 per bill delivered, and $2.00 per
statement paid online. Additionally, this mode of electronic
communication allows you to increase your own marketing opportunities.
StatementIP streamlines bill presentment and shortens the payment
process — a
win-win for both you and your customers.
StatementIP accepts billing files in the client's
legacy format(s), including TSYS SBF file format or FDR statement
format, converts them to XML and can be viewed as image,
HTML or PDF formats. Input file format independence is particularly
attractive for banks using multiple card processors. Plus, XML
files can also be downloaded into third-party applications for analysis
or data-mining applications.