Monthly Archives: May 2013

BillFloat Offers Benefits to Service Providers and Billers

Providing customers with more time to pay their bills and instant financing at the point-of-sale, BillFloat offers many advantages to partnering service providers, billers and retailers. Utilizing a wide range of methods that have the ability to integrate directly with billers’ existing websites, the company’s platorm helps reduce customer churn, lower costs for collection, improves on-time payment and helps generate additional revenues. Through the creation of a secure and easy-to-use system that provides useful services for both customers and partners, BillFloat simplifies every aspect of the payment process.

Service providers who partner with BillFloat gain access to an innovative payment option that ensures timeliness and reduces risk. The company’s cutting-edge decision engine for underwriting automates the customer approval process using both non-traditional data and bank account information, while the integrated open APIs allow for easy implementation on a partner’s website. Given that 97% of BillFloat’s customers make timely payments the month after using the service, the service provides a risk-free way to bolster a partner’s brand image and customer satisfaction by providing more payment options. The timeliness of the payments also reduces the number of customers who must be dealt with via collections processes and increases the likelihood that customers will discontinue service due to non-payment or lateness. To learn more about how BillFloat’s platform can help your business, visit http://www.moretime2pay.com.

BillFloat Profiles: Chief Executive Officer Ryan Gilbert

A financial industry innovator and the CEO of BillFloat, Ryan Gilbert co-founded the company in 2009 in order to provide consumers with “more time” to cover their bills and make timely payments. Partnering with co-founder and head of product management Sean O’Malley, Mr. Gilbert set out to create a commercially viable service that would be pro-consumer and satisfy the needs of financial institutions and billers.

Over the past three years, the BillFloat team has succeeded in building the company’s biller network to allow payments to more than 2,500 service providers in industries ranging from telephone and utility companies to insurance and self-storage providers.

Mr. Gilbert brings extensive experience to his leadership role at BillFloat. He was previously an Entrepreneur-in-Residence at the venture capital firm Venrock. He gained prior experience leading technology and financial service companies including Andersen Consulting and Wells Fargo. In 2004 he co-founded PropertyBridge, an online rent payment company that he led as CEO and successfully guided the company to an acquisition in 2007 by MoneyGram International.

He is an alumnus of the University of the Witwatersrand in Johannesburg and a member of the State Bar of California. Mr. Gilbert has also been in demand as a speaker and has offered his views on the financial industry in forums such as the Future of Money & Technology Summit and the NACHA Payments Conference. He has also provided testimony to the Financial Institutions and Consumer Credit subcommittee of the U.S. House of Representatives’ Committee on Financial Services.