Aptys Solutions, a payments network provider for financial institutions nationwide, offering the industry's only common platform to support all aspects of payment processing, announced at FinovateSpring 2011 the availability of Aptys Mobile (aMobile), its innovative new solution that enables banks' business customers to create invoices, accept payments and process invoices directly through a mobile phone or tablet device.
aMobile, in tandem with Aptys' PayLOGICS payment hub, provides financial institutions with access to a full payment integration solution, enabling businesses to electronically manage the entire supply chain process from point of sale through posting in their accounts receivable system via a mobile phone or tablet device. aMobile creates an end-to-end payment process to support mobile receivables from invoice creation, payment processing and back-end accounting, allowing the business to manage payments from any location. Unlike other mobile payment solutions, aMobile offers check, ACH, card, and electronic payments through a single application with mobile invoicing and integration to accounting systems. By integrating invoicing along with the payment, Aptys addresses the key needs that businesses have for streamlining their payments and invoicing (realizing efficiency gains as much as 90 percent), which is the lifeblood for a small business.
From its inception, Aptys has enabled financial institutions to reduce payment silos while creating new revenue streams. With aMobile and PayLOGICS, Aptys provides financial institutions the technology to offer value-added mobile services that address true business needs. aMobile allows business to easily adopt mobile payments, eliminating legacy payment costs and providing additional functionality to combine with invoicing capabilities, significantly driving down operational costs. Additionally, aMobile represents a tangible opportunity for banks to create a new revenue stream and attract new business customers.
"Businesses need a way to create payments and invoices on the go," said Sean Pennock, president of Aptys Solutions. "With aMobile, we are answering the demand from small businesses for mobile invoicing and payment solutions, and simultaneously providing financial institutions with the opportunity to monetize their mobile payments platforms. As we continue to expand PayLOGICS, we are enabling financinancial institutions to offer their business customers the technology to eliminate paper processing while also creating a new revenue stream for their institution. Essentially, we are redefining how financial institutions manage their payments systems."