Payment Options and Strategies
Traditional (Credit Card and ACH)
Provide and implement a host of traditional payment options that include credit card processing,
personalized credit cards, eft (electronic funds transfers), ACH and check drafts. Whether implementing
for a new business or optimizing your current practices, MORE can help meet your traditional payment
needs.
Alternative Payments (LEC, Mobile, Prepaid, Other)
In today's digital marketplace a thoughtful suite of payment options are required to convert interested
prospects into paying customers. Since cash is difficult to transact online and with the issues
surrounding identity theft and credit card fraud, digital merchants are forced to provide consumers
with payment options that address these factors.
Alternative payment options have proven to decrease abandonment in the sign up process by as much
as 50%.
Validation and Authentication
MORE can provide access to a multitude of data sources that can help minimize fraud and bad debt
by identifying potential high risk accounts before they are marketed to or before they become
customers. |
New Billing and Settlement Options
To remain competitive, all types of service providers must offer new types
of billing and settlement options.
Opportunities abound for vendors that can provide comprehensive solutions to support these
efforts.
– Michele Pelino, Forrester Research, 2006 |
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