PaymentVision inked a deal with Megasys. This partnership allows clients of Megasys to process electronic payments – credit card, debit card, or ACH – in one-time, recurring, and fee-based transactions from directly within the Megasys Omega and FA systems.
Because of their customer-focused approach, Megasys is able to provide quality, cost-effective solutions for their clients, including custom offerings for finance companies of all sizes. This approach also allows for the best support possible by putting the interests and needs of the clients first. The Megasys solution provides clients with an easy-to-use, cloud-based tool for loan servicing, loan originating, collections, reporting, and document storage.
Highlights of PaymentVision payment processing include:
Hosted Tokenization enables finance companies to collect payments from within the Megasys Omega system without exposing long-term or short-term memory to card or bank account data.
Integrated card functionality enables agents to send card authorization, void, and refund requests from within the Megasys Omega system and receive a response while the customer is present or on the phone.
Bank Account Verification enables agents to verify that a bank account is open and in good standing prior to enrolling it in a payment arrangement.
Integrated returns wizard enables ACH returns to be retrieved and posted to customer accounts with the push of a button within the Megasys Omega and FA systems.
Open Payment Gateway enables finance companies to bring their own bank or merchant account provider many times resulting in no hold, no reserve next day funding.
Customer Information File Interface enables both agent-assisted and self-service account inquires and payments via virtual terminal, web and Interactive Voice Response (IVR).
Automated Transaction Posting File Interface automatically posts payments and returns to the Megasys FA system.
For data, background and forecasts on PaymentVision: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).