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Company In Brief
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BancPass is an innovator serving the 21st century needs of toll road authorities, operators, and consumers. BancPass leverages online platforms, existing retail and banking outlets, and secure transaction services to provide consumers with a broad array of payment options for easy toll road access. It provides toll road authorities with an ideal means of servicing transactions through existing, secure financial networks that lowers costs, and provides new partners in the banking and retail sectors, with incentives to expand services for toll road users. BancPass delivers a number of advantages to the toll road operator. It takes on many of the functions in billing and servicing accounts that drive up costs. Expensive stand-alone infrastructure can be eliminated by broadening availability of toll payment options through banking and retail establishments. BancPass expands the availability of choices to the consumer, and provides a secure clearinghouse for toll road transactions, even across multiple jurisdictions and geographical regions. BancPass reduces costs by allowing multiple institutions to service accounts and sell tags, which encourages competitive fee structures. These institutions relieve toll operators from customer account responsibilities, as they integrate support within their businesses. The clearinghouse model also maximizes economies of scale. Open source platforms ensure compatibility with any toll road operator. More For the consumer, BancPass offers additional payment options and puts them in the driver’s seat. They can choose from a number of options increasing the convenience of payment, and decreasing the risk of violating. Leveraging existing retail locations provides an endless supply of outlets for both long and short term payment options. Toll tags—available at banks, gas stations, convenience stores and more—will be widely accessible, eliminating the need to build costly brick and mortar toll operator store fronts and Customer Service Centers. This network also enables the supply of pre-paid toll cards in fixed amounts, ideal for those with limited financial resources, non-bankable, or infrequent users. BancPass also offers a proprietary mobile application for even greater ease of use. PToll is the first toll payment system of its kind. Compatible with all widely used platforms, the PToll app offers instant account activation from anywhere. PToll capitalizes on the video tolling and violation enforcement systems already installed and established in toll road environments. Plate detection technology can link with the PToll database for instant recognition of vehicles, and automated billing. BancPass is dedicated to maximizing consumer access to Toll Roads by providing multiple options, and maximum control, to the user. Toll road operators and authorities gain substantial cost savings while expanding the number of users for their road networks. |