World Link Couriers - "Service Delivery Made Easy" : Payment Center

THE BAYAD CENTER SERVICE

Bayad Center Service is a cost-effective way of handling and automating payments. Corporate Information Solutions, Inc. (CIS) developed it for collection-intensive companies so that it would free them from the collection-related problems and focus more on their core competencies. This automated payment service also gives their customers the option and flexibility in paying their bills.

In September 2000, CIS identified WORLD LINK COURIERS and approved her application as a collection partner or third-party agent (TPA), allowing WLC to accept payments in behalf of the companies subscribing to Bayad Center Service (see list below).

On top of gaining revenues from transactions WLC will process, this unique relationship the door of WLC to more business opportunities. Every time customers pay their bills in our establishment, WLC has the chance of introducing and offering our other value-added services including express delivery, money transfer, etc.

OPERATING SCENARIO OF THE BAYAD CENTER SERVICE

1. At WLC's site, customers pay their bills by presenting their Statement of Account (SOA). The amount and mode of payment (cash or check) are then entered. If the SOA is bar-coded, the scanner/bar code capability of the system makes payment processing even faster and accurate. The system then performs machine-validation of the SOA; this will serve as the proof of payment or receipt of the customer.

2. At the end of the day, WLC reconciles the number of transactions processed as well as the amount collected with the collection stubs and the report generated by the system. After a successful reconciliation, the collection information is then electronically transferred on-site by WLC to the Bayad Center central server.

3. At the Bayad Center Central Site, at a designated schedule, data upload to the Merchant system is then undertaken. Payment collection reports are generated and sent to the Merchant at the end of the day.

4. On the following banking day, WLC deposits payments directly to the Merchant's designated depository bank account on or before a specified time.

MERCHANTS: Existing utilities and companies that have subscribed to Bayad Center Service