HyperPay is our AI-driven transaction origination engine, now capable of consuming Open Banking information for further accuracy. HyperPay enables smart financial transaction origination that respond in real time to changes in your portfolio or the consumer’s standing.
Real-time transaction origination, every time, all the time
Active portfolios can receive thousands of Open Banking notifications everyday. This flow of information represents an outstanding resource for your analytics but at the same time, poses a challenge for your day to day collection operations.
Transactions processed within 3 seconds … regardless of volume
Our leading-edge technology receives notifications such as those provided by Chirp and instantly analyzes the customer’s payment history and other factors to determine whether a collection attempt is required. HyperPay completes the analysis and originates a transaction within 3 seconds, 24 hours a day, regardless of volume.
The AI filtering optimizes collections to reduce costs associated with failed transactions as well as spurious alerts that some financial institutions send consumers when debit card transactions are declined. Together with savings in labor, HyperPay increases your ROI.
Smarter portfolio collections
Did you know that around 30% of the deposits for your clients actually clear 2 days after their payday? Do you know which 30%? With HyperPay you do not need to know that because our AI removes all the guesswork.
More than 13% effectiveness in debit card collections
When combined with real-time Open Banking notifications, HyperPay will learn the patterns associated with each client’s funds lifecycle and adjust the collection attempts to maximize effectiveness.
Less attempts closer to the payday translates in less inconvenience for your clients, less complaints and chargebacks, less work for your team and ultimately less cost. This is another way in which HyperPay works to improve the ROI of your business. With an overall effectiveness above 13% for debit card transactions in some portfolios, HyperPay easily surpases other options.
ACH and Debit Card support
HyperPay can effectively supplement your current payment system by scheduling smart collection transactions when clients miss their regular payment schedule.
HyperPay runs up to 32% of your debit card collections
HyperPay can post-process your ACH-heavy collection flows to reschedule transactions in a manner that increases the effectiveness of the initial transactions and helps curb NACHA overall and unauthorized return levels.
An additional benefit of HyperPay when operating with ACH payments is the reported dramatic reductions in our customers return levels, in as low as a couple weeks. This change diminishes the compliance burden on our customers and their payment processors.
For Debit only or hybrid collection flows, HyperPay automatically works with your current payment schedule and each individual payment history to retry collections.
Regardless of the use case, our powerful AI rule system optimizes the transaction flow to maximize your ROI. Open Banking real time information assists this process to further improve results.
Thanks to these powerful innovations, our customers typically see up to 32% of their debit card collections being directly provided by HyperPay.
Enhanced Portfolio Health
Debt writeoff, one of the key metrics for your business, is a key contributor to weakened financial results. HyperPay helps prevent this by optimizing real-time transaction origination, keeping accounts active for longer and reducing the incidence of defaults, thus extending the life of the customer relationships.
HyperPay handles 25% your successful overall transactions … and 36% of your successful … extra collections efforts.
The powerful HyperPay AI can reinforce the regular collection cycle provided by your collection systems leveraging deep customer payment history analysis and real-time Open Banking information.
As originations are made at times that maximize the probability of success, collections improve. This helps your customers make more payments, keeping the relationship healthy for longer and increasing overall financial health.
For use cases where customers make regular payments, HyperPay typically originates 25% of all the successful overall debit card transactions and more than 36% of the successful debit card transactions issued as part of the out of cycle collection efforts.
HyperPay achieves all this without lenghty or complex configuration thanks to the design of our AI.
HyperPay pays for itself
HyperPay is priced aggressively, based on the actual collections it makes for your business. We work with you to make it work.
