Since it was founded in 2009, BillFloat has offered a bill payment system that allows customers to easily avoid biller late fees and bank overdraft charges while maintaining the same type of security that can be found at top banks and financial institutions. To this end, the company utilizes state-of-the-art encryption and monitoring technology. Furthermore, BillFloat’s customers are protected by strong privacy standards, which ensure that sensitive data remains confidential.
The success of BillFloat’s information protection protocols have been confirmed by the most trusted names in the online security business. The company utilizes 128-bit Secure Socket Layer (SSL) encryption under the VeriSign security seal, which virtually eliminates any chance of brute force attacks. In order to maintain the highest level of customer privacy, the company has also obtained certification with TRUSTe, which ensures continued compliance with industry standards. Finally, both security and privacy guidelines and performance are continuously monitored by McAfee, which provides verification of the company’s ongoing efforts to keep customers’ personal information safe.
Since its inception in 2009, BillFloat has helped hundreds of thousands of customers pay their bills on time. BillFloat pays a customer’s bill and the customer pays BillFloat back later. This is an affordable service with a processing fee and interest on the bill amount covered. The service can be used to pay a variety of different types of bills, including the following:
BillFloat maintains relationships with dozens of mobile phone companies, including major providers such as Sprint, T-Mobile, and Verizon Wireless.
Hundreds of insurance companies accept payment through BillFloat, and they range in size from smaller players to some of the largest insurers in the United States, such as State Farm, Allstate, Geico, and Farmers.
BillFloat can be used to pay bills from more than 900 utility companies across the U.S.
BillFloat is currently set up to issue payments to more than 1,000 homeowners associations across the country.
In addition, customers can use BillFloat to pay cable and satellite television bills, car loan payments, and more. For a full list of the billers that BillFloat pays, visit the company online at www.billfloat.com.
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.
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.