MasterCard Worldwide has launched a new online bill pay service called MasterCard Online Bill Pay for MasterCard prepaid card issuers, program managers and their cardholders.
The new service leverages the capabilities of payment platform and services provider Aliaswire, combined with the bill payment solutions of MasterCard RPPS, to offer prepaid partners a bill payment service that integrates with their prepaid card program, and enables MasterCard prepaid cardholders to pay bills online or via telephone.
Through MasterCard Online Bill Pay, prepaid cardholders can schedule and make bill payments to anyone directly through their provider’s cardholder website. Payments can also be made via telephone, in English or Spanish. To help manage and track bill payments, cardholders can view payments once posted and set reminders for upcoming due dates to help avoid late payments, said MasterCard.
Through an agreement with Aliaswire, MasterCard will leverage Aliaswire’s PayVox electronic bill payment solution, designed specifically for prepaid cardholders. The new service allows for fast integration with an issuer’s infrastructure, eliminating integration fees. In addition, the service enables delivery of electronic bill payments to more than 6,000 national and regional US merchants via MasterCard RPPS, an online database of billers.
Laura Kelly, senior vice president for global prepaid and debit product solutions at MasterCard Worldwide, said: “By integrating the strength of our existing prepaid offering and the bill payment resources and expertise of MasterCard RPPS with the valuable payment functionalities from Aliaswire, we are delivering an advanced bill pay solution that supports our commitment to provide our prepaid partners with innovative and effective ways to deliver value to cardholders and help ensure profitable long-term customer relationships.”