VIPS for Your VIPs (Very Important Professionals)

Our banking partners rely on Veracity experts to provide not only payment processing services but also effective partnerships with merchant customers. That is why we are delighted to take another step beyond processing with a new merchant solution that will cement those partnerships.

The Veracity Invoice Presentment System (VIPS) is almost ready to roll. We’re testing and refining it as I write.

VIPS is a full-featured electronic bill presentment and payment (EBPP) solution, offering your midsize and larger-service provider merchants a turnkey business solution that will streamline their operations and their cash flow. (Learn more about this breakthrough plug-in system in our Trends & Strategies article in this newsletter.)

VIPS has fantastic potential to enhance the service your merchants offer to their customers. But more than that, it gives you the opportunity to demonstrate to merchants your commitment to adding value to their businesses.

By letting merchants know about the availability of VIPS, you step beyond your immediate focus on loans and other bank-level products; you show how you support your customers’ development and growth through improved service and efficiency.

Expertise

You offer this valuable addition without having to provide the requisite expertise in business solutions too. Veracity will be both your educator and third-party expert.

All you need to know are the types of merchants who will benefit most from our VIPS solution — those in vertical markets such as assisted living, health/medical, childcare, insurance, accountancy and other professional services such as sports and fitness.

These are all business segments where the simplicity and flexibility of VIPS will streamline merchants’ businesses, strengthen their own relationships with their customers, and improve the flow of payments and deposits.

When you refer Veracity and VIPS to your merchants, we can step in to provide the product, implementation, customizations and integration, and all the training and expertise they need — plus our full, ongoing support. You get the kudos. And your referrals can be solicited with your normal cross-selling of products.

Can you see there’s a great potential win-win here?

We’re already piloting VIPS with a leading assisted living provider, fine-tuning the coding, and completing testing. VIPS will be ready for rollout in the first-quarter of 2015.

At Veracity, we continue to focus on providing banks with all the tools they need to maintain a strong relationship with their customers by way of added services in our area of expertise. So naturally, we are really excited about VIPS and its potential to do just that.

Best regards,

Brenda L. Stein
Senior Vice President, General Manager