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IexPay is one of the most advanced online payment platform that meets the needs
of all - consumers, banks and the government.
- For Consumers: Quick and convenient transaction processing, coupled with
flexibility of the preferred form of transaction within a secure
environment.
- For banking industry: Integration of the payment platform into existing
legacy systems used by the banks to provide minimal interruption of their
current operations along with security and strong anti-fraud controls.
- For Government: IexPay promises demonstrable cost-savings and improvements
in cash-flow for Government-owned public utilities as well as other
departments, as appropriate.
IexPay aims to become the leading online payment company in China.
The revolutionary WebCash鈩?(patent pending) enables any individual or business
with an email address to quickly send and receive payments online in a secure
environment. The IexPay platform is built on the existing financial
infrastructure of Chinese bank accounts and credit cards to create a safe,
global, real-time e-payment solution in China.
The IexPay鈩?custodian/intermediary service provides a secured online payment
facility that reduces the risks involved in online purchases, as IexPay holds
the funds temporarily in escrow on behalf of the payers until they confirm that
delivery is taken. It is an innovative value-added service that provides IexPay
with a differential competitive advantage over other service providers.
- Deposit: Transfer money from a bank or credit union account to a
WebCash鈩?online account, by email or by telephone banking. There is no need
to reveal banking or credit card information to IexPay.
- Withdrawals: Allows the transfer of funds from an online
WebCash鈩?account to any bank or credit union account in China. Funds are
cleared to the destination bank account within 1-2 business days.
- Email Cash: Allows users to send or receive cash via email. The
transfers occur instantly. No financial information is revealed except the
sender's email address.
- Auction Tools: Payments for auction purchases are now simple and
secure. The system provides a transaction history for future reference. The
IexPay logo can be added to auction listings to highlight that purchase can
be made through IexPay.
- Foreign Exchange: A key benefit, clients can buy or sell US and
Canadian funds online at very competitive rates. A Currency Calculator
allows users to verify exchange rates and returns without initiating a
transaction.
- E-Commerce Business Tools: Subscribing websites can add the ability
to receive cash payments electronically through their website. The service
also provides electronic invoicing capabilities and the ability to issue
multiple payments at simultaneously. Funds can be sent to China by Email
from U.S. and Canada
IexPay sees a huge upside opportunity in the Chinese online payment market
having been given the endorsement of different levels and regional Governments
coupled with the endorsement of essentially all of the major banking partners.
The Jiangxi province has gone further and issued a certificate of endorsement
for IexPay and is actively promoting the adoption of IexPay technology. Current
online payment companies are generally targeting the consumer market as well as
the B2B market through traditional consumer marketing channels. The weaknesses
of this approach are high advertising and promotion costs and the long
development time required to build a critical mass of customers to efficiently
offer cross-bank services.
Some of the competitive advantages enjoyed by IexPay are:
- Real third party payment platform: Backed by a multi-bank payment platform,
IexPay provides all functions any third party payment system requires.
- Secured and convenient transfers by email: No registration required. This
entirely eliminates the very real constraints of requiring both parties to a
transaction to obtain membership to the service. With IexPay, payers simply
enter their email, and are set to go.
- Superior privacy and confidentiality. Users are not required to disclose
banking information to IexPay. Essentially, IexPay does not need to see and
track a users' bank information.
- Either payee or payor can pay IexPay fees: This meet the different needs of
various different online transactions and business models.
- IexPay's platform supports any kind of bank card or credit cards: The
platform is built on current systems in place of all major Chinese banks.
- IexPay offers the flexibility to allow users to either deposit funds to a
user account or pay direct. Users can deposit money to their IexPay accounts
in anticipation of future online payments, or pay/transfer money without
opening an account.
- Superior security: IexPay provides multiple levels of security including
firewalls, SSL, and verifiable third party passwords.
- High system reliability
- No down time: operating 7/24
- Excellent user self-defined administration panel
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