BIM is the solution merchants have been looking for to power in-store, mobile, and web commerce.
The challenge was to prevent the transactions from any kind of fraud and to put an end to the ambiguous transactions from the respective user’s bank accounts. The main obstacle was to monitor all the transactions to avoid any kind of fraud or suspicious actions. Another difficulty was to manage the deduction process of all the collective transactions altogether and to check whether the last education was successful or not.
If in case the user fails to do the payment, then the blocking policies and their various aspects used to come into play.
We created a secure platform to perform transactions at a much cheaper price and those transactions are followed by a pay later feature too. We were keeping a record of all the users and transactions in detail with the help of enrollments feature.
BIM provides Merchants with a white-labeled ACH Debit payment tender that easily integrates into existing mobile apps and websites.
With BIM, your customers can be verified and enrolled in your tender in about 40 seconds.
BIM performs authentication/validation (for the consumer, their bank account and their device) and risk assessment in the background during the consumer enrollment process.
BIM’s technology platform verifies and authenticates consumers and their transactions instantly and dynamically.
BIM’s platform can link with customer loyalty programs and generate additional sales and consumer engagement.
BIM’s platform deposits straight revenues directly into the merchant’s bank account(s).
BIM handles all of the technology, fraud prevention, processing, reporting, etc. and all a Merchant has to do is decide how they want to market their branded-tender, customer incentives, and whatever level of customer service they want to do.
It can be that easy. In BIM, we’ve combined some of the most ubiquitous processing engines with the latest security and enrolment technologies and wrapped them around the Federal Reserve’s ACH network so that Merchants can save money on transactions.
It also guarantees all transactions and offer next day settlement, to provide the pricing Merchants want with the reliability Merchants need from a payment tender.
We got an opportunity to work upon the financial API’s, manage the ways by which we can track each transaction and sending them to banks for the deduction process depending upon the status of the transaction.Read Articles