BSG Clearing Solutions (BSG), the leading provider of clearing and settlement solutions for telecom and online merchants, today announced the availability of its Advanced Payment Gateway - a combination of three core integrated services: credit card payment processing, Bill2Phone alternative payments and integrated risk management services.
The new Advanced Payment Gateway (APG) suite offers online merchants all the means of revenue optimization by expanding consumer reach through Bill2Phone and maximizing all electronic payment approvals through advanced risk management services. Each service is available individually or in any combination of services that meets the merchant's needs.
The APG suite of services marks the company's transition from traditional third party billing to a leading provider of payment services for digital content providers - One Provider, Multiple Payment Options. APG provides ecommerce and telco merchants with a single point of integration across multiple credit card acquiring relationships and over 1,400 network operators.
Bill2Phone offers new demographic to increase sales:
The newest service under the APG umbrella is Bill2Phone, a real-time payment solution that offers online merchants and content aggregators the ability to offer consumers an alternative payment option when buying digital content online - bill to their existing local phone bill. As the industry's largest clearinghouse, BSG worked directly with the local exchange carriers (LECs) for 2 years on the topic of digital content billing to enable the development of the most efficient and secure phone bill offering possible. Combined with BSG's credit card processing services, APG gives online merchants the industry's most flexible and secure, revenue optimized billing options.
Risk Management Services reduce fraud and maximizes positive payments:
A critical component of BSG's revenue optimization solutions is the Risk Management Service that is fully integrated into APG(TM). BSG's Risk Management Service is a one-of-a-kind offering that combines leading edge technology, identity validation, and proprietary data utilization that are all precisely tuned by a dedicated analytics team. This customizable risk management system incorporates a powerful anti-fraud arsenal that includes: consumer validation, sophisticated business rules, rules weighting, velocity tracking, IP geo-location, and neural scoring.
Credit Card Payment Processing with enhanced merchant features:
While the trend of paying via a telephone bill will continue to increase over the next several years, credit cards remain the most used form of payment for online content. The integration of BSG's credit card processing platform into the suite of APG services led to an expansion of merchants' features and functionality that includes: Virtual Terminal, Recurring Payments, and expanded transaction lifecycle management. BSG has also expanded its acquiring bank portfolio, further diversifying the companies acquiring solutions while providing merchants with more flexibility.
Shared services increases merchant visibility into their transactions regardless of payment type:
Beyond the multiple payment options with integrated risk management services, APG also includes a suite of functionality to enhance payments reporting and provide visibility to multiple transaction types. These services include:
- WebTrack Reporting: Includes reports for full transaction life cycle management and settlement positions to properly manage the merchant's business
- Real-Time and Batch Interfaces: Common unified interfaces between all payment types in near real-time or batch. APIs are available for recurring billing or single transactions
- Virtual Terminal: Allows merchants to enter or modify a single transaction on behalf of the user
- Recurring Payments: Allows merchants to set up a recurring charge for a consumer with expansive payment options
"Expanding from our established relationships with more than 1,400 LECs and over 20 years of payment processing expertise, we've developed a unique Advanced Payment Gateway suite that offers the safest, most comprehensive payment options available for online digital content merchants today," said Greg Carter, President of BSG Clearing Solutions North America, LLC. "Merchants now have a single source payment provider that packages electronic payments, risk services, data mining, and industry expertise that will increase revenue for our customers."