TekPortal Electronic Biller Presentment & Payment
The TekPortal EBPP module provides the most cost effective, and comprehensive electronic bill presentment and payment solution. A Financial Service Provider (FSP) deploying TekPortal EBPP will dramatically lower its electronic bill payment cost over typical outsourced payment solutions. TekPortal EBPP presents aggregated data from over 2,000 billers on a consolidated bill summary page and allows the user to pay the bill either through an auto login to the biller web site (biller direct), connection to the FSPs payment system or through ACH payments. TekPortal EBPP does not have a fixed monthly cost/user as 3rd party payment systems have. The FSP can stop viewing bill payment as a necessary, large expense that gets larger with each new customer and start viewing it as a customer convenience service.
Tower group statistics on biller direct show:
- 98% of electronic bills are viewed at the biller site
- 80% of all electronic payments are done at the biller web sites.
TekPortal aggregates billers data and enables the user to view & pay bills through single-session technology that enables biller site access. |
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TekPortal EBPP supports the consumer trend of paying bills at the biller site, biller direct. TekPortal EBPP makes this consumer preference easier, by providing a single bill presentment page with all bill data in one place, then providing auto-login capability for ease of payment. Benefits FSP value:
- Significantly lower cost: No per bill or fixed user monthly cost. An FSP deploying TekPortal EBPP will realize significant savings over outsourced 3rd party payment systems.
- Increase customer visits : FSP can provide a free EBPP service supporting the consumer trend of bill direct.
End user value:
- Consolidated view of all bills, direct from biller sites
- Easy payment of all bills, as the consumer wants to pay – through biller direct.
Features
- TekPortal EBPP presents nearly 2,000 bills – and supports payment the way consumers want to pay, at the biller site.
- Patented TekPortal EBPP payments offer robust alerts flexible enough to support how the user wants to get alerts including:
- Alert when new bill almost due (within a fixed number of days)
- Alert whenever bank account balance drops below a threshold.
- Alert service usage goes above threshold (eg. cell phone monthly usage goes above 800 minutes).
- Alert when credit balance exceeds a limit
- Users can view an income statement view of their bills, consolidated on a single page or view bills by due date. Other features include Categorization, allowing users to view expenses by budget category, to provide customers insight into how they spend their money.
- History – Users can view bill history by payee and category, allowing consumers to see trends and make corrections in their spending behavior.
Why Teknowledge for EBPP?
- TekPortal EBPP is based on the industry’s leading account aggregation product, TekPortal Aggregation, providing a robust infrastructure for EBPP.
- Teknowledge is an established company with over 23 years in business successfully delivering solutions, and supporting our customers.
Additional product information can be downloaded. 
Contact Teknowledge for additional information.
