iPay developed Biz 2.0 to serve the specific needs of small business customers; needs that may not be met through a consumer online bill pay product. Our goal was to help you offer a solution that’s tailored to small businesses. The comparison below highlights the differences from a consumer application, and pinpoints the customizable functionality that works for small business.
Small businesses need their own bill pay tool, and now you can offer it. With iPay Biz 2.0 your institution can help small businesses handle their distinct transactional needs with a solution designed around those needs. Your small business customers can take care of task delegation, payroll, auditing responsibilities, multiple payment needs, and have more time to focus on business.
Here are some practical applications of the Biz 2.0 difference for small business customers:
- Multi-user entitlements let the person in charge of the finances delegate tasks to their appropriate employees
- Electronic payments for payroll allow small businesses to reduce or eliminate the time and expense of cutting checks by switching to electronic payroll payments
- Customized reports track multiple monthly and stand-alone payments to suppliers, contractors, and taxes, and that keeps everything running smoothly
| iPay Biz 2.0 | iPay Consumer Bill Pay | ||
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Make person-to-person payments |
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Make person-to-person payments |
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Handle account-to-account transfers |
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Handle account-to-account transfers |
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Schedule multiple payments from one screen |
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Schedule multiple payments from one screen |
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Track and send rush payments |
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Track and send rush payments |
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No hidden fees |
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No hidden fees |
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Use single sign-on integration with your online banking program |
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Use single sign-on integration with your online banking program |
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Get turnkey customer service that extends your hours, without taxing your institution |
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Get turnkey customer service that extends your hours, without taxing your institution |
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Pay any number of employees electronically | ||
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Send payroll deposits to multiple accounts | ||
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Create customized auditing reports | ||
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Set multi-user entitlements for employees | ||
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Set transaction caps at the sub-user level | ||
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Set transaction caps at the payee level | ||
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Generate and send custom electronic invoices with BillpayperlessTM | ||
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Enable customers to pay invoices online | ||
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Check invoice history at a glance | ||
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Post payments | ||
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Track unpaid receivables | ||
