| RPPS Enhancements |
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MasterCard RPPS invests continually in our state-of-the-art payment processing network to deliver the most up-to-date capabilities to our customers. Participants have a wide variety of recently implemented enhancements that improve system functionality and promote customer productivity.
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| Online Biller/Creditor Directory Enhancements |
| Prepaid Card Value-Loading Service |
| MasterCard RPPS Reporting Service |
| Integrated Online Commercial Invoice Payment and Remittance Processing Service |
| Debt Management Proposals |
| Payment Center |
| Automated biller directory download |
| Additional file formats |
| Balance transfer payment encryption |
| Addenda edits |
| More information |
Online Biller/Creditor Directory Enhancements
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Edit functionality enhancements to the Online Biller/Creditor Directory offer greater flexibility and additional data. Biller setup is easier, with electronic payments receivers able to reserve a biller ID in advance and assign an unlimited number of AKAs [also-know-as names] and remittance addresses per biller. Electronic payments receivers are able to enter partial information for a biller into the online directory and save it--completing and submitting the information later.
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Prepaid Card Value-Loading Service
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MasterCard RPPS offers a value-loading service for prepaid cards that will transform the prepaid landscape, making the cards even more convenient for consumers and creating new opportunities for issuing financial institutions. Now, with a value-loading network available through MasterCard RPPS--one that reaches virtually 100% of the entire bill payment market in the United States--issuers and consumers don't need to go through a physical reload location. Consumers can now set up their prepaid card issuer as a payee on their financial institution's online bill payment service and conveniently reload a card from anywhere, anytime. Learn more.
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MasterCard RPPS Reporting Service
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Offering a full complement of summary and detail reports that deliver transaction data, MasterCard RPPS Reporting Service provides insight into the best ways to optimize your business performance for a competitive advantage. Developed in close collaboration with our customers, the reports deliver the information most useful to your payments business and are packaged according to your specific role in the electronic payment process. Analysis can uncover opportunities within the MasterCard RPPS network or within your own organization. Accessible through the Portfolio Analytics tool, the reports can also provide insight as to where improvements have been made in transaction acceptance and growth on a per-biller level. Learn more.
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Integrated Online Commercial Invoice Payment and Remittance Processing Service
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MasterCard RPPS supports the commercial business of our customers by helping to capture new business-to-business revenue streams. Leveraging your MasterCard RPPS connection, MasterCard e-P3TM (electronic purchasing, presentment, payment) delivers a powerful electronic payment and information management service that can help expand your share of B2B transactions, displace checks, and open new growth opportunities for you and your corporate clients. This innovative service will satisfy the growing demand for a fast, reliable, and accurate electronic alternative to inefficient and expensive paper-based B2B and commercial purchasing, presentment, and payment processing. MasterCard e-P3 will meet corporate customers' demand for payables and receivables information fully integrated with existing enterprise systems. Learn more.
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Debt Management Proposals
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MasterCard RPPS and credit counseling agencies benefit by enhancements to the debt management proposal process. Among the enhancements are: additional fields (e.g.: for a second Social Security number), changes to existing fields, incorporating the customer recommendations on what should be included in each field and expanded free-form messaging capability.
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Payment Center
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The Payment Center provides licensed participants convenient online access to information on payments they have generated. The system archives up to 18 months of payment data and participants can also export this information into Microsoft® Excel and other programs.
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Automated biller directory download
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MasterCard RPPS is now able to deliver fully automated daily updates to the biller directory. This service eliminates the need for customers to download the changes, additions, and deletions via the website, a manual multistep process. Once participants are set up to receive the file, the process is 100% automatic.
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Additional file formats
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Originators, concentrators, and billers can send and receive payment files in formats other than the modified Customer Initiated Entry (CIE) format. You can now choose from several formats, including ACH-CIE, ACH-CCD and XML. We can also work with your custom format for increased convenience and ease of intergration. All parties can now send and receive files in a format that is convenient for them, with no need to translate files from the MOD-CIE format.
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Balance transfer payment encryption
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This functionality masks the identity of the transaction originator, thereby protecting the consumer market segment the card issuer is targeting for the new card and subsequent balance transfer. This enhancement complements the MasterCard RPPS fast-paced clearing and settlement of balance transfers, which is typically accomplished in less than 24 hours, eliminates the need for prefunding, and saves valuable overnight investment funds.
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Addenda edits
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MasterCard RPPS is better able to control the flow of addenda records, so that participants will receive only those record types that they can process. Preventing the transmission of incorrect record types protects concentrators' systems from abending and avoids the costs, inconveniences, and delays that such transmissions can necessitate.
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More information
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For more information about these products and services or to learn more about MasterCard RPPS, contact our Sales and Development Team.
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