MoneyGram Payment Systems, Inc., has developed a new online service, Internet Payment Notification, that allows companies to view bill payment transactions online and receive real-time notification that a payment has been made.
Internet Payment Notification is a browser-based application that was developed in an effort to provide increased collection efficiencies for MoneyGram’s ExpressPayment customers.
The initial reaction to the new technology has been very positive. Triad Financial Corporation, a leading provider of non-prime auto lending, believes the application will enhance their collection efficiencies. “The service has exceeded our expectations,” said Jeanne Nagy, portfolio project manager. “Beyond its real-time reporting capabilities, we are delighted with the program’s simple navigation and ease of use. We’ve found that, in the marketplace today, there’s no comparison to this particular application.”
Internet Payment Notification has several features that enable clients to increase their collection efficiencies:
— Immediate access to payment information;
— Customized search capabilities that save valuable research time;
— Multiple reporting options, including real-time, ad-hoc, daily, weekly and monthly summary reports;
— The flexibility to download reports to multiple programs and tailor reports to meet specific business needs.
“These features are a result of our commitment to provide clients with innovative online services that improve their collection efficiencies,” said Richard Leurig, chief information officer at MoneyGram. “Internet Payment Notification was designed to incorporate advanced Web technologies with user-friendly navigation. In my opinion, it’s already the leading application in the industry.”
MoneyGram Payment Systems, Inc., a subsidiary of Travelers Express Company, is a leading money transfer services company with more than 37,000 locations in more than 150 countries around the world. Travelers Express is a subsidiary of Viad Corp (NYSE:VVI) and provides payment services in the financial, retail and money transfer areas.
To find a MoneyGram agent or more information on Travelers Express on the Internet, go to [www.temgweb.com].