Solutions by Text identifies and streamlines communication efficiencies with a vast array of businesses. SBT has advanced their business model to include the installment loan industry, utility companies, the medical billing industry, self-storage industry, PDL and rent-to-own industries.
ACI Worldwide and Solutions by Text have partnered to bring text-to-pay technology to billers. This collaboration integrates Solutions by Text’s Pay-by-Text software with the ACI Speedpay solution, enabling businesses to receive payments from customers via SMS.
The partnership aims to provide a convenient and efficient payment experience by allowing customers to review and pay bills with just a few clicks on their smartphones. This integration is expected to increase on-time payments and reduce collection costs for businesses. With text messages having a high open rate of 98%, the Pay-by-Text option is designed to improve customer engagement and satisfaction.
By offering a pay-by-text option, the partnership addresses the growing demand for mobile-enabled payment systems, making it easier for consumers to manage their payments and for businesses to streamline their billing processes.
Solutions by Text (SBT) is the pioneer of FinText™, empowering enterprise financial services companies to compliantly engage, interact and transact with their consumers in real-time. The nation’s largest consumer finance organizations rely on SBT’s robust compliance platform to mitigate legal and reputational risk while driving messaging and payments performance throughout the consumer lifecycle – from marketing and loan origination to servicing, collections and bill payment. SBT has been recognized as a Built In Best Place to Work and an Inc. 5000 Fastest Growing Company.
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