ePayment Solutions for the Textile Industry

 In today's supercharged business climate, technology is the No. 1 equalizer that can help an entrepreneur operate like a major corporation and a global powerhouse respond like a small business. The only difference between the two types of organizations is resources; small and medium-sized companies have traditionally lacked the capital to invest in business-changing technologies. Now, thanks to ePayment Solutions technology and its powerful suite of applications, smaller companies can behave like the big guys. TotalTransact is designed to fit the way you do business. It's the one resource that enables you to initiate, process, and manage your electronic payments in a fast, convenient, and secure environment. ePayment Solutions is powerful, flexible, cost-effective, and easy to use and administer. Now companies of any size can offer customers electronic payment choices once available to only the largest businesses

All of Your Payments in One Place

ePayment Solutions is fast becoming the most popular electronic payments technology on the market. The reason is simple - and it's about simplicity. ePayment Solutions is a powerful solution that handles everything from electronic checks to credit and debit cards to remote deposit capture from a single, secure source. It's intuitive and easy to use, so you don't need an army of IT staff to help you get the most out of its power. And it's fee-neutral, allowing you to add convenience fees into the costs of your products and services. The result is a powerful solution that establishes an efficient cashflow process.

• Accept one-time payments by phone through ACH or credit card processing
• Develop customized, recurring payment schedules that are easy to manage, regular, and error-free
• Electronically deposit checks to your bank account without leaving the office, using remote deposit capture
• Accept secure payments over the Internet
• Save expense with a solution that costs less to acquire, operate, and maintain than self-hosted solutions

Configurable, Cost-Effective & Comprehensive

ePayment Solutions integrates a number of features into a fully operational payment processing system that enables businesses of any size to manage all forms of payment processing in a format that is easy to use, flexible, and secure. Best of all, ePayment Solutions technology gives you the ability to connect a merchant account and create additional payment options. ePayment Solutions gives you the ability to start small, using only the essential modules, then grow to serve your expanding payer base, without the need to change systems. Features include:

• Compatibility with swipe card reader
• Virtual terminal
• Remote deposit capture
• Online payment page
• Payment processor
• Merchant account integration
• Reports
• Custom interface

 Let your health care provider customers keep their bank account

 Accommodate your customers

 Many electronic payment offerings on the market are offered by a bank and, naturally, tied to that specific bank. Billers must either convince customers to open an account at the bank providing their solution or maintain staff with expertise in using multiple bank payment systems.

 ePayment Solutions allows you to consolidate all payment activity to one comprehensive payment platform and deposit funds to your customers’ existing accounts—regardless of where they bank. By fitting into their ecosystem, you make doing business with you easy. Your customers will value your flexibility and partnership.

• Deposit checks into provider’s existing bank account—without going to the bank

  Despite declining volumes, check payments continue to dominate patient payments. Now you can scan checks in your office and securely transmit them over the Internet for deposit into your customer’s preferred bank account (there’s no need for your customer to switch banks!). This capability alone provides a massive productivity gain for most billers.

• Process card payments utilizing your provider’s merchant account

  Your customers are already processing card payments in their offices today. With ePayment Solutions, all the card payments you initiate through any of our powerful payments applications can be processed through the provider’s existing merchant account, making accounting easy for them.

• Accept eCheck payments easily

  Just like the other payment mechanisms above, eCheck payments can be deposited directly into your customer’s existing bank account, as well.

Free case study on how ePayment works for Alta Medical Management

The ePayment Solutions system is optimizing the collection process and strengthening customer relationships for many medical billers right now. One such company, Alta Medical Management, was able to increase online payments by 40%.

Free white paper about the challenges and opportunities of HSAs

With the rise of Healthcare Spending Accounts (HSAs), effective methods of collecting from patients in a timely manner have become a critical focus for healthcare offices and their collections partners everywhere.

Make the most of new opportunities in the industry

The rise of the Healthcare Savings Account

In today’s economic climate, many employers are moving towards high deductible insurance plans in an effort to keep costs down. High deductible plans require patients to pay a generous portion of their health care bill before the insurance company will begin to kick in payment, which means that healthcare providers are seeing a greater percentage of their receivables coming from patient payments. As a result, effective methods of collecting from patients have become a critical focus for healthcare offices everywhere.

High deductible plans are often paired with a Healthcare Savings Account (HSA) to offset the patient’s financial burden. In the HSA model, patients put money into a tax-free account to either accumulate or be used during the year. Patients then use an HSA debit card to make healthcare purchases from the funds accumulated in their has account.

Patients as the primary payer and collection issues

Typically, a provider will not know the status of a patient’s progress toward their deductible at the time of service. When that client leaves the office, they do not know how much of the service cost the patient’s responsibility to pay is. Later, it will be up to the medical biller to collect the remaining portion of the bill from the patient.

Patients are going to be more likely to pay in a timely way if you make it easy for them to use an HSA debit card to pay the provider. Accommodating HSA debit cards through online payment mechanisms, phone payments, or mail-in card payments is increasingly becoming the standard.

Furthermore, because the balances on high deductible plans may be higher than patients are typically used to paying for themselves, they may need assistance with a payment plan to pay down their balance. This will particularly be the case for those patients that do not have an accompanying HSA or need to supplement their HSA funds from other sources.

Opportunity for medical billers

For the medical biller, this situation presents an opportunity to obtain the right payment product mix to provide superior payment options for your customers.

Your customers rely on you to manage the billing relationship with their patients and process the steady inflow of payments to their practices. Your ability to provide these services in a fast, accurate, and responsive manner is what sets you apart from the competition.

Free case study on how ePayment works for Alta Medical Management

The ePayment system is optimizing the collection process and strengthening customer relationships for many medical billers right now. One such company, Alta Medical Management, was able to increase online payments by 40%.

Free white paper about the challenges and opportunities of HSAs

With the rise of Healthcare Spending Accounts (HSAs), effective methods of collecting from patients in a timely manner have become a critical focus for healthcare offices and their collections partners everywhere.

 Unleash the potential of electronic payments for your providers

 ePayment Solutions lets you collect more from patients by offering more options for payment. You’ll also be able to collect faster—meaning higher success rates, fewer returns, happier customers, and more revenue for your business.

You’ll be able to accept credit, debit, and Health Savings Account (HSA) or Flexible Spending Account (FSA) card payments. You can process using either your own or the provider’s merchant account. And you can utilize the Automated Clearing House (ACH) banking system to create an “eCheck,” which debits a checking or savings account at the patient’s bank with just a routing number.

• Online payment page

  Accept secure card and eCheck payments over the Internet. We provide everything to quickly set up an online payment page, which can be integrated into your website or accessed directly from a healthcare provider’s site.

• One-time payments over the phone or mail

  Use a “virtual terminal” to process card payments or an eCheck payment from a patient’s bank account. The ePayment system makes it simple to provide controlled access to the virtual terminal to multiple agents within your business.

• Payment plans

  Are you seeing an increase in higher balances due to high-deductable insurance plans? Make it easy for patients to pay down these balances over time with an automated installment plan. Utilize a variety of payment options, including charging a card linked to an HSA or FSA. (Learn more about accepting HSA payments.)