xmBilling

Automatic billing

xmBilling is a new way of securing consumer confidence and adding value and convenience to automatic payment services. xmBilling uses the mobile phone to provide customers a platform for reviewing and authorizing payment of their bills.

The Problem

Institutions that provide monthly or recurring services often offer automatic deduction in addition to other methods of paying bills such as online banking, by writing a cheque or through a customer's bank. These other methods are often costly and higher risk for the company and less convenient for the customer.

Sending paper bills is costly and environmentally wasteful. At approximately $2 per bill to print, package and mail to roughly 150 million households within the United States the costs associated with mailing are huge. The average American household receives approximately 10 pieces of mail a month, which amounts to $36 billion dollars annually on mailing bills alone.

Automatic billing assures payment on part of the company and convenience for the customer. But automatic billing takes control out of the hands of the customer.

The xmBilling Solution

xmBilling offers a unique way of securing customer confidence in automatic billing, giving them the confidence, control and convenience they desire while reducing costs and adding security for the company.

With xmBilling companies now have an outlet to offer value added services to their customers. With xmBilling companies can offer incentives, rewards and communications in a direct and personal way not attainable through any other medium.

A 10% adoption of xmBilling would lead to industry wide savings of $3.6 billion dollars a year and help provide a greener solution for our enviroment.