499 articles tagged with this keyword
News/Electronic bill presentment and payment
A survey by Finextra Research and Misys reveals that 45% of banks say their ability to provide a joined up service to corporates is average or worse. But to counter this, more and more banks are consolidating lines of business into a transaction banking group, and investing more in new products delivered online.
15 September 2008
PayPal has teamed with electronic invoicing outfit OB10 to create an automated e-invoicing application for the UK business community.
12 September 2008
The provision of free online bill payment services to retail banking customers will cost the US financial services industry $1 billion by 2010, according to research from TowerGroup.
27 August 2008
The UK's Alliance & Leicester Commercial Bank has added the MasterCard Secure Code and Verified by Visa online authentication services to its automated BillPay Web site.
27 June 2008
Almost half of European banks expect it to take over five years to replace payments-related revenue lost following the introduction of the European Union's single euro payments area (Sepa), while 13% say they will never be able to recover the lost revenue, according to a poll by e-payments outfit Fundtech.
23 June 2008
The Royal Bank of Scotland (RBS) is implementing technology from Fundtech-subsidiary Accountis to provide bank-branded electronic invoicing services to its corporate customers.
17 June 2008
More than 400 representatives from banks and 200 leading corporates will convene at the Marina Congress Centre, Helsinki, on 25-26 June to look beyond the practical compliance requirements of operating in the single euro payments area and deal with the strategic questions that banks and corporates must address together if they are to prosper.
23 May 2008
Bank of America has re-negotiated a payment processing contract with Fiserv's CheckFree subsidiary, leading the vendor to cut its 2008 forecast.
01 May 2008
US e-payments association Nacha has launched an electronic bill delivery service utilising the Automated Clearing House (ACH) Network.
15 April 2008
Corporate standards body Twist says Barclays has become the first UK financial services firm to use its bank services billing (BSB) standard to provide electronic reporting of bank information to corporate treasurers and wholesale clients.
28 February 2008
US financial technology vendor Fundtech has acquired Accountis, a UK provider of electronic invoice presentment and payment (EIPP) systems, for a total consideration of £5.8 million in cash.
07 February 2008
Alliance & Leicester Commercial bank says more than 1.9 million online bill payments were made by its business customers via its automated BillPay Web site in 2007, representing a year-on-year increase of more than 70%.
29 January 2008
Customers that use electronic bill payment services have higher account balances and profitability and are more loyal to their financial institution than non-EBPP customers, says a new US study released by CheckFree and SunTrust.
08 November 2007
UK payments association Apacs is talking up the use of electronic payments services in the wake of the new round of strikes by Royal Mail postal workers.
04 October 2007
Scandinavian bank Nordea has contracted with Nordic IT services vendor TietoEnator for supply and implementation of a business-to-business (B2B) electronic invoicing system.
24 September 2007
Corporate standards body Twist says Denmark's Danske Bank has become the first European bank to use its bank billing standard to deliver detailed information to corporate treasurers and wholesale clients.
17 September 2007
Mobile communications outfit Telrock is partnering with UK payment operator PayPoint to provide a service for consumers to pay bills and top up their mobile phones via text message.
06 September 2007
The European Commission (EC) is setting up a steering committee to oversee the establishment of a common invoicing framework that would allow businesses across the region to send invoices and receive corresponding payments electronically.
30 August 2007
CheckFree, the US e-banking and payments vendor that is being acquired by Fiserv, has posted a fall in fiscal fourth quarter and full year net income after higher costs and a one-time charge ate into earnings.
06 August 2007
US financial IT firm Fiserv has signed a definitive agreement to acquire electronic banking and payments vendor CheckFree in an all-cash transaction worth approximately $4.4 billion.
02 August 2007
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