Johannesburg, 01 Mar 2018
Offering authenticated payment and collection solutions across the spectrum helps businesses to start small and increase their offerings as the business grows, using a single service provider committed to their customers' success.
Many businesses have started out small with limited capital and have gone on to become industry giants as time has gone by. NuPay has the full suite of payment and collections solutions to help small businesses grow into medium size businesses and beyond. Having the right tools to increase your collection success rates, as well as having a product that fits with each function of your business, can be what it takes to put a business on the path to success.
"A large portion of our customer base effectively started out as micro-enterprises, being one-man shows," says Keith Wrede, Deputy Managing Director for NuPay. "Our proven solutions have helped these businesses grow into small, medium and corporate-sized businesses by partnering with the right collection and payment solutions like AEDO (authenticated early debit order), which is one of the best mechanisms available today to ensure collections growth."
AEDO is a PIN-based mandated transaction that can be used in any business that needs to collect fees for any type of service or credit offered. Collections would typically occur over a number of months and would include collections for education fees, subscriptions, rentals, credit repayments, monthly services and more.
Customers will dispute a direct debit order simply because they don't want to pay.
Keith Wrede of NuPay
Being an authenticated collection mechanism means that once the AEDO transaction has processed successfully, the collection is finalised and this finality leads to healthier and better cash flow. The disadvantages of standard and enhanced debit orders, such as disputed debit orders, which adversely affect cash flow, are not a factor with AEDO and the business can carry on with its ordinary course of business and not spend time and effort on payment follow-ups and collections, allowing businesses to focus on their core functions.
AEDO, as well as Altech NuPay's range of collections solutions, can help any micro-enterprise grow into an SME and beyond.
NuPay is a PCI-DSS certified transaction service provider and is the leader in managed electronic payment solutions. NuPay offers proven business solutions within the authenticated (terminal-based, card present), non-authenticated (card not present) and Web-based product space, providing secure solutions for payments and collections to all industries.
NuPay is a division of the Altron Group.
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