FinText Payments
Text + Payments. Reimagined.
Changing the Way Consumers Pay Their Bills
Accept payments by text. Get paid faster.
FinText next-gen text messaging and payment processing enables consumers to make payments without having to open another app, search for an access code, or remember their login. It’s simple, fast, frictionless, and convenient — and you get paid faster.
FinText makes it easy for consumers to pay by integrating payments with text messaging into one platform, creating a simple, frictionless payment process for your customers. Here’s how it works:
- You send a text message with a payment notice and payment link.
- Customers click the link that takes them to a one-stop PCI compliant payment, customized with your logo and brand appearance.
- After the initial experience, all future payment requests are even shorter enabling payment in 2 steps using a keyword, and never leaving their text messaging app.
FinText drives significant value by increasing on-time payments, eliminating print and postage costs, and reducing your operational costs for call centers and collections staffing. And for the first time, FinText Payments provides ROI visibility into the effectiveness of your payment funnel for revenue generated through text messaging.
Why Choose FinText Payments
Connect. Engage. Accelerate Payments.
Accelerating payments starts with the connection. Here is how we help you connect:
- Build trust by keeping your customers informed of upcoming automated debit due dates or pulls
- Drive payments within your customer’s preferred communication channel by delivering payment reminders with self-service options
- Authorize payments immediately with text keyword responses
FinText provides flexible options to customize payments and meets evolving market requirements, allowing everyone from billing and collections to marketing and accounting services to take payment notices and collections to the next level. Payments occur in real time, not via slow batch, exception laden payment channels.
How You Benefit
Enhance your communication and payment channel to include the most customer-preferred method — text messaging. Text messaging for account management is important to customers because it directly affects their financial standing. Because of this, their response to text messages is exponentially higher than email, phone calls or print. Studies reveal that 98% of messages are read whereas only 20% of phone calls are answered. Here is how your bottom-line will grow:
- Improve your payment funnel
- Increase your kept rate
- Accelerate payments
- Stay compliant
FinText offers the first text messaging platform with a native payment process – keeping you compliant and secure. Other pay-by-text vendors rely on outsourcing either the text messaging platform or the payment platform – and none of them provide compliance support or guidance – putting you at risk for compliance infractions. It’s what makes us different. It’s what makes you successful.