Software Mind Relay Payment is intended for minimizing the costs of payment handling and managing the whole process with simultaneous automation and integration with back-office systems (ERP/CRM). The solution is dedicated to telecommunications companies, insurance companies, enterprises offering electronic products (prepaid, postpaid, services, content online) and companies running e-commerce portals which provide access to the payment service platform and/or offer shops for partners/dealers/distributors.
 
Main business applications:

• accepting payments from the Internet,
• centralized payment service,
• handling of a large number of payments,
• providing partners with access to the payment channel,
• aggregation of payments in the entire organization,
• traffic clearing with financial institutions,
• separation of payment service (interface) from an end-point (e.g. shop of a particular brand),
• customer management, including an interface with CRM systems.

Benefits and business objectives
Direct interfaces with financial institutions:

• services for payment brokers (e.g. Przelewy24, AllPay),
• handling of direct interfaces with banks,
• easy extendibility and handling of partner models,
• reduction of transaction handling costs,
• possibility of routing transactions to different institutions,
• handling of backup for payment processing. 

Cost reduction:

• exclusion of broker reduces payment handling costs,
• no costs involved in incorporating a new point of sale,
• lower clearing costs (automation),
• increase in the volume (aggregation) enables more efficient negotiations of financial parameters with institutions.

Automation and mass service:

• possibility of increasing the volume through the aggregation of payments from the entire corporation,
• handling of a large number of transactions, when manual methods are insufficient,
• full automation of the process in the financial clearing procedure,
• minimized investment in transaction handling,
• end point (shop) fully independent of the interface with financial institutions,
• easy incorporation of new forms of payment at the moment they are launched on the market.