Qualpay Introduces Payments Platform to New Industries, Streamlining Payment Processing for Utility & Energy Companies and Nonprofit Organizations

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Oct 09, 2018, 08:02 ET

SAN MATEO, Calif., Oct. 9, 2018 /PRNewswire/ -- Qualpay, a leading provider of integrated omnichannel payment solutions, today announced the introduction of its end-to-end payments processing platform to new industries including utility and energy as well as nonprofit. The one-stop solution features new and existing capabilities to simplify functions across any type of organization regardless of type, role and department – from invoicing for accountants to accessing comprehensive reports for sales and marketing.

Qualpay's modern payments platform is easily adaptable for individual needs and applications across industries. Its Customer Vault securely stores customer and credit card information for repeat sales; Recurring Payments enable automatic, repeat billing and payments on a specified schedule; and, Account Updater keeps customer credit card data fresh, eliminating the need to make manual updates when the information has expired. In addition, Qualpay has conducted comprehensive research in order to develop specific customizations that meet the needs of each new market rollout.

For Utility and Energy Companies, Qualpay is Built for Special Rate Qualification, Cash Reconciliation and Easy Cash Flow Management
Qualpay's built-in cash flow management tools simplify cash reconciliation and help reduce operational expenses. Rather than focusing on managing receivables, utility companies can work on growing their businesses from first truck to multiple branches.

Qualpay's personalized features for the utility and energy industry include:

Pre-Authorizations: Pre-authorization enables utility companies to verify consumers have enough funds to make a purchase on their credit card before making a home delivery. Qualpay ensures sales qualify for the best possible rates by keeping companies in compliance with card brands. The Qualpay platform first automatically captures the pre-authorized amount to match the captured amount; then, reverses any difference back to the consumer's credit card.
Business Intelligence Reporting: Utility marketers run settlement reports to track individual payments and deposit reports for verifying which payments have been cleared as well as to trace adjustments. Qualpay's reconciliation reporting shows every transaction step from authorization to settlement and into the bank account. Reports can be downloaded or accessed via API and imported into a software.
Interchange Optimization: Qualpay ensures utility companies receive the lowest rates when accepting corporate, purchasing and business cards by allowing the ability to pass additional data as required by card brands.
Pre-Integration with Merchant Account: Utility and energy companies reduce complexity by taking advantage of a series of pre-integrated payment products, either available out-of-the-box via Qualpay Manager or through its suite of modern REST APIs combined with its merchant account.

For Nonprofit Organizations, Qualpay Easily Supports the Management of Donations, Event Registrations and Memberships
Nonprofit organizations bring awareness and support to community causes. In order to provide valuable services in communities, organizers and volunteers often run programming on limited budgets. For nonprofits, payments are not only about reducing operating expenses, but about adding simplicity to support growth.

Qualpay's modified features for the nonprofit industry include:

Business Intelligence Reporting: For nonprofit organizations, reconciling donations is an important and time-consuming task. Qualpay runs settlement reports to batch donations, allowing nonprofits to run a deposit report to verify what donations have been fully funded and show every step of the transaction from authorization to settlement and in the bank account. All reports are downloaded or accessed via API and imported into a software or donor database.
Branded Checkout Experience: Embedded fields at checkout collects payment details in an iFrame enabling a web payment to occur on Qualpay's servers, without the need to have customers redirected to another site. This keeps donors on the nonprofit's website, driving less abandonment and more donations. Qualpay is a PCI DSS certified Level 1 compliant service provider.
Pre-Integrated Plugins: Qualpay has pre-existing connections with platforms, including WordPress, that use embedded fields for donor sign-ups or payments directly on the organization's website.
Interchange Optimization: Nonprofit organizations qualify for reduced credit card fees, and therefore must ensure flat-rate pricing is not costing missed savings they are eligible for.

"Before introducing our integrated payment solutions to new industries, we take the time to build an offering that is tailor-made for their unique needs. Both the utility and energy as well as the nonprofit industries require a payments partner that is able to understand how best to streamline their processes and to work with their existing systems," said Marci Gagnon, Vice President of Strategic Alliances, Qualpay. "Our approach goes beyond standard payment processing and into delivering an end-to-end platform that delivers peace of mind for these companies to focus on growth areas like generating sales or acquiring donations."

For more information on Qualpay, please visit www.qualpay.com.

About Qualpay
Qualpay is a leading provider of integrated, omnichannel payment solutions. The company's cloud-based payments platform enables businesses to modernize strategically through the use of reporting intelligence to streamline the payment process. Qualpay addresses and resolves the payment challenges businesses face and ensures a stronger, more robust infrastructure for a business, developer, and partner. Simply, Qualpay enables a better way to manage payments. For more information on how Qualpay is reinventing a new era of payment processing, visit www.qualpay.com.

SOURCE Qualpay