Strategic Alliance Between Vesta and BeQuick to Revolutionize MVNO Payment Solutions

Strategic Partnership Brings Advanced Payment Solutions to MVNOs

In a major development for the mobile virtual network operator (MVNO) sector, Vesta, a leader in telecom payment processing and fraud protection, has teamed up with BeQuick, a premier Business Support System (BSS) and Operations Support System (OSS) platform tailored for MVNOs. This partnership seeks to elevate payment processing capabilities for MVNOs, ensuring they can effectively compete with larger mobile network operators (MNOs).

Enhanced Payment Intelligence for MVNOs

Operating in an increasingly competitive telecommunications landscape, MVNOs have often struggled with payment approval rates, leading to missed opportunities and potential revenue loss. Traditional payment solutions typically view telecom as just another form of e-commerce, leading to unwarranted transaction declines and lost customers. Todd Curry, the CEO of Vesta, emphasized the gravity of the issue: “Our 30 years of experience in the telecom payment sector enables us to combat these challenges head-on,” he stated.

Vesta’s new integration with BeQuick’s platform aims to not only boost approval rates above 95% but also deliver comprehensive fraud protection and smart routing for payments. This transformative solution promises to convert greater numbers of marketing leads into paying subscribers, thereby enhancing the overall profitability for MVNOs.

Key Features of the Alliance

1. High Approval Rates: The integration ensures that more potential customers who are acquired through marketing efforts actually convert to paying subscribers. This improvement in acquisition economics significantly amplifies the lifetime value of customers.

2. Complete Chargeback Guarantees: With Vesta at the helm, any approved transaction is safeguarded against chargebacks. If a transaction that Vesta has greenlit turns out to be fraudulent, they will cover the entire loss, allowing MVNOs to navigate their business with added confidence.

3. Smart Routing Mechanism: The innovative system developed by Vesta seamlessly routes each payment across 16 different acquirers and processors. This ensures optimal approval rates at all times. In the event of system downtime affecting one processor, payments will be rerouted to an alternative without any disruption to business operations.

4. Unified Payment Methods: The integration supports various payment options, including credit cards, debit cards, ACH, eChecks, and digital wallets like PayPal, Apple Pay, and Google Pay. This comprehensive approach provides streamlined reconciliation directly into BeQuick’s platform, reducing administrative burdens on MVNOs.

Rapid Deployment of the Solution

One of the standout attributes of this partnership is the rapid deployment of the integrated solution. MVNOs can access these advanced payment features immediately, with no requirement for custom software development, making it easier for them to leverage cutting-edge technology in a timely manner.

Industry Impact and Future Perspectives

The collaboration between Vesta and BeQuick signals a shift in how MVNOs can approach payment solutions, liberating them from the constraints of traditional systems. As Sean Biganski, CEO and Co-Founder of BeQuick, mentioned, “By integrating Vesta’s solutions, we provide our clients with payment technology that was previously exclusive to the largest carriers, thus increasing their competitive edge.”

In a world where customer acquisition costs are critical, the ability to efficiently manage payments can significantly contribute to an MVNO's success. As the market continues to evolve, this partnership is poised to redefine the operational landscape for MVNOs, allowing them to compete more effectively and sustainably.

For those interested in further information, visit Vesta’s website at www.vesta.io and BeQuick’s platform at bequick.com.