Omnifund, a simple way to manage your online payment collections

Our web-based application interfaces with Omnifund through APIs. Customer accounts are managed in our application and recurring credit card payments are set up and managed in Omnifund. Our application and Omnifund works seamlessly together thanks to the efficient Omnifund APIs.

Pros

The application is very simple and straight to the point. It allows users to achieve their goal of setting up a customer and collecting payment in few simple steps. User can easily edit a pending transaction and process immediately or add to a batch. The transaction reports are also very detailed displaying all required information about the transaction, and also grouping them under card types; transaction statuses; counts; etc.

Cons

The application does not allow user to cancel a transaction. A transaction can only be deleted which is not what user may want. When a transaction is deleted, all audit trail is lost which is not appropriate. It is necessary that user has the option to cancel a transaction and the transaction will remain in the transactions log with status of Cancelled. The notes field can also be used to capture the reason for the cancellation.

Another issue is where the same transaction amount is refunded to the same customer at short intervals, the logs in Omnifund indicates that both transactions were processed successful but in actual fact only one transaction went through. This causes confusion between mechant and customer as Omnifund records indicates refund as successful but customer never received it.

After learning how to use it I find it easy to navigate & does want we need if for currently.

Offering Auto pay or scheduled monthly payments to our clients with several options of payment has lowered our monthly statements, past due accounts and overall collections.

Pros

Transactions are easy to schedule, adjust, process and locate in OmniFund. The fact that OmniFund sync's with Imagine Time is helpful especially if we need to void or refund a client. I can also monitor what others are processing thru Imagine Time as it happens and assure they did it correctly. I have found the new(er) Alert on the home screen to come in handy allowing me to immediately correct any ACH transaction's that have declined and avoid account and banking issues.

Cons

I have no real Con's after learning the program. Unfortunately, after working with a concerned representative and understanding the exporting process we concluded due to our processing procedures and having multi users in our Imagine Time we are unable to use the exporting feature which for some could be really slick.

The customer experience at Omnifund is excellent. They respond quickly to our needs and questions.

Pros

It is user friendly. I like that the account numbers on our system are the same numbers used by Omnifund.

Cons

I don't like that it shows refunds as a separate transaction. It would be great if you were able to look at a particular transaction and tell if it had been refunded or not. The biggest change I would like to see is that transactions don't get pended but returned. When they pend, you can't see that an attempt was made once it is corrected or deleted. Also, if pended transactions returned, it could be reported as returned and recorded as such through automated processes. A return code could be used that indicates it was pended versus an actual return. For example, X10 could be used after we have received an R10, meaning Omnifund previously reported that the transaction was not authorized so it wasn't processed.

Very user friendly. A system you can easily maneuver around in.

Pros

I can easily refund and run credit cards in a timely fashion. I have to enter information in less fields compared to old system we used to have. There is a po field and a description field we can enter detailed information in to help customer match up receipts on their end. Credit Card Receipts are automatically emailed to customer, leaving you one less step you have to do. This software does not let you duplicate customer information when setting up a customer to run their credit card. Customer service has a quick response time. Via messenger or email, if you ever need to use them. System automatically batch's out at the end of the day.

Cons

I can say the only thing I noticed and am sure there is a reason behind it is that we have to manually delete any expired credit card information in this system.

Made simple

Pros

Not complicated to learn or work with, cons the business I work for has a few different business and having to sign in individual to each one sometimes becomes a hassle but other that that it is a great program not to complicated in processing payments or setting up

Cons

The individual sign in's to each business I would say since the business that I work for has a few different business kind of have to remind myself to make sure I am in the correct one has happen many times that a payment is take in the wrong business that is a the only down part.

Easy to use

ease of use and regulation compliance.

Pros

I like the ability of storing customer credit card information and knowing that it is compliant with regulations. I also like the ability to be able to resend receipts, the ability to search past customer activity, the ability to issue credits directly from the charge transaction.

Cons

I really do not have any dislikes of the software, I guess if I had to have one it would be that you do not know that you have a card that needs an updated expiration date until you process the payment and it is declined.

My experience using Omnifund

We use Omnifund to collect recurring monthly payments from our customers. We have built an integration between our portal and Omnifund which allows payment statuses to flow into our system in real time, especially the declined reasons (Phardcode). This allows as to promptly react to our customers' payment plans.

Pros

The software presents to the user a very simple and straight to the point interface.
The key requirements of a payment processing system are easily accessible to the user.

Cons

There are some areas which need improvement, for e.g. when a transaction is placed on-hold in the transactions tab, it is not indicated as on-hold when user goes to the customer's transactions screen.

One of the easiest applications to navigate and take payments, or void out as needed.

Pros

I use many account site locations under one login and everything is effortlessly accounted for. Makes keeping my books up to date easy and fun! You can setup a port for swiping card/check payments, or choose manual entry. Fantastic Website and application. Have had great customer service when needed as well, thank yoU!

Cons

Would prefer the setup of sliding my credit card payments to be easier from each location to another, but overall, fabulous experience!! I can still enter in manually, which most times I prefer anyway. It's just nice having both options.

Love my sales rep!

Pros

Very easy to use! If I ever have any questions I just call my sales rep and she will walk through the process with me.

Cons

I hate having to take the test once a year. With my job I just don't have time to go through the process.

The ease of payment is the best feature. Customer support is very attentive and timely .

It is very user friendly. It keeps records of customer usage.

Pros

The ease of use and customer recall for repeat users is a very nice feature. The ability to store and recall customer information is helpful as some of our customers provide multiple credit cards for the same account. The printed receipt is very clear and organized.

Cons

It is confusing trying to understand what the fees are for each transaction. I am the finance manager and I am still somewhat in the dark concerning the all the fees.

Omni is very quick to respond, they are very professional and courteous.

This allows our customers an option to pay online when they preciously didn't have that.

Pros

It is very simple to use and easy to navigate. I like the reports that are provided and the notifications that you received when payments are made or rejected.

Cons

You can't prevent payments from being made to you. So if you no longer have a customers account, you can't provide that information so when a customer tries to make a payment on that account it would advise them they can't accept or to call their company.

best CC program

Pros

Historically, I can see many times I need to look back so easy to use
the price is right, very user-friendly

Cons

nothing so easy use, easy to teach other too I have used it and taught many no problem The yearly update is the only thing