Software Mind Payment Relay enables centralised payment handling for all company services and products based on Internet channels, through external financial institutions. Software Mind Payment Relay focuses on minimising the cost of payment handling and managing the entire process while providing large-scale automation and integration with back-office systems (ERP / CRM / Provisioning / Billing / Activation).

Software Mind Payment Relay enables settlement execution as part of brokerage and commission models. The system supports automation of processes, including mass processes of very large volumes (millions of transactions a day).
 

The main business applications of the system are as follows:

• accepting payments from the Internet
• centralisation of payment resulting in significant payment handling cost decrease
• payment channel sharing for partners and/or other units/departments
• customer billing
• integration with applications providing payable services and content
• support for complex financial instruments:
  • micropayments
  • phone purse
  • anonymous e-gold (anonymous digital money)

The main functions of the system are as follows:

• processing, viewing and archiving of data on transactions executed
• close integration with ERP/backoffice including HotLine
• full settlement with payment agents (such as PolCard, Przelewy24)
• support for leading payment agents
• support for direct contact with banks
• possibility of dynamic transaction routing to different institutions
• support (settlement) for subsidiaries
• black list and anti-fraud mechanism management
• client management including CRM support
• support of backup connections for payment processing
• reporting

The most important benefits resulting from the implementation of the Software Mind Payment Relay:

• agent bypass, reduces the cost of payment handling
• minimal cost when adding a new sales point
• lower costs of settlement handling (automation)
• increase in volume (aggregation) enables better financial parameter negotiation with institutions
• independence of the final layer (the store) of contact with financial institutions
• easy introduction of new forms of payment as they emerge on the market
• easy expansion with new partner model support scenarios