Cost-Effective Cash Payment Collection
PayPoint offers businesses, organisations and other bill-issuing authorities a highly cost-effective solution for the collection of cash payments from consumers. Already serving many highly-satisfied clients in the UK and Ireland energy, telecoms, water, TV, cable, transport, leisure, local authority and mobile telephony sectors, PayPoint currently accepts payments worth around £6 billion p.a. from an average of over 8 million customers each week.

A solution for every requirement
Versatility is a major strength of the PayPoint system. In addition to the acceptance of barcoded bills or documents, PayPoint’s multi-function terminal also incorporates magnetic stripe swipe card, smart card and contactless smart card technology, which makes it compatible with almost every type of payment system.

PayPoint’s in-house continuous software development programme also ensures that terminal applications are maximised. In addition to their ability to scan barcodes on bills and capture customer payment data for onward delivery to clients, PayPoint terminals are also able to issue e-vouchers and authorise retailers’ credit and debit card transactions.

Quality network coverage - nationwide
Using sound geo-demographic principles and highly-developed mapping techniques, PayPoint is able to develop retail networks that truly meet client and customer needs. All outlets are carefully selected for their location, long opening hours, local popularity and financial stability.

Proven business process
Behind the scenes, the well-established central processing and settlement systems at the heart of the PayPoint service deliver the highest possible standards of performance, 365 days a year.

Daily polling of terminals, rapid overnight processing and prompt next-day transmission of payment files ensure that customers’ accounts can be updated within 24 hours of payments being made. This smooth operation regularly handles many hundreds of thousands of transactions a day, with ample additional capacity if required.

The collection and delivery of funds is equally well managed. Monies are collected from retailers by PayPoint’s nationwide field force or direct debited every banking day, and are settled gross to clients’ accounts. Internationally, PayPoint currently settles funds in the order of €2.8 billion p.a. and possesses an enviable record in the payments industry for minimising bad debt as a result of its rigorous agent accreditation procedure and stringent credit control.

The entire production process is fully backed-up by comprehensive business continuity provision, including a stand-by site for the immediate fail-over of all IT operations.