Electronic bill presentment and payment

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/Electronic bill presentment and payment

Online Resources buys Internet Transaction Solutions for $45m

US Web banking and EBPP vendor Online Resources has signed a definitive agreement to acquire biller service provider (BSP) Internet Transaction Solutions (ITS) for $45 million in stock and cash.

/Electronic bill presentment and payment

Citibank launches mobile bill payment service in Malaysia

Citibank is launching a new service in Malaysia that will enable its customers to pay bills using their mobile handsets.

/Electronic bill presentment and payment

Czech bank Ceská sporitelna selects TietoEnator for e-invoicing

Ceská sporitelna, the largest commercial bank in the Czech Republic, is introducing a business-to-business electronic invoicing service based on technology supplied by Nordic vendor TietoEnator.

/Electronic bill presentment and payment

Fidelity Express introduces mobile bill payment service

Texas-based money order firm Fidelity Express is teaming with e-payments outfit Cyphermint to launch a service that will enable its customers to pay bills using their mobile handsets.

/Electronic bill presentment and payment

Online bill payment key to customer satisfaction

Customers who pay bills through their bank’s Website are more satisfied with the bank and the online banking experience than those who don’t, and are significantly more likely to purchase additional services from the bank, according to a study by ForeSee results and Forbes.

/Electronic bill presentment and payment

E-bill payments surpass cheques among Web-connected households

A US survey of online households, released by CheckFree, shows that the number of bills paid electronically via the Internet now exceeds the number paid by paper cheques.

/Electronic bill presentment and payment

CheckFree hit with lawsuit; may lose Bank of America contract

US e-payments firm CheckFree has been hit with a class action lawsuit alleging that directors deliberately misled investors by issuing false and misleading statements between 4th April and 1st August last year that artificially inflated the company's share price. The news comes amid rumours that CheckFree stands to lose a major part of a lucrative contract with its biggest customer, Bank of America.

/Electronic bill presentment and payment

Nordea reports Finland Ministry of Finance e-payments contract

Scandinavian bank Nordea has won a deal to provide electronic invoicing and payment services to Finland's Ministry of Finance for the next four years.

/Electronic bill presentment and payment

American Express introduces e-invoice service for corporates

American Express has launched S2S eInvoice&Pay, an online integrated electronic invoice presentment and payment (EIPP) system aimed at its corporate customers.

/Electronic bill presentment and payment

Voca and Link to merge

UK payments and clearing network Voca is merging with Link, operator of the country's cash machine network, to form a European payments processor that will handle over eight billion transactions a year.

/Electronic bill presentment and payment

A&L online bill payment transactions top one million

UK banking group Alliance & Leicester (A&L) says the number of bill payments made via its automated BillPay Web site increased by 37% in 2006 and passed the one million mark for the first time.

/Electronic bill presentment and payment

CheckFree to acquire Corillian for $245m

US e-payments firm CheckFree has signed a definitive agreement to acquire Internet banking systems vendor Corillian Corporation for $245 million.

/Electronic bill presentment and payment

BB&T to roll out contactless Visa cards; signs EBPP deal with CheckFree

US banking group BB&T has begun issuing payment cards featuring Visa's contactless payments technology to select customers under a pilot programme.

/Electronic bill presentment and payment

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

Belgium-based payments systems vendor Clear2Pay has been awarded a EUR130,000 grant by the Flemish Innovation Institute for Science and Technology (IWT) which it will use to support the development of its Sepa direct debit technology.

/Electronic bill presentment and payment

Efunds, IBM and Infomax to implement Thai national payments network

US payments systems vendor eFunds is teaming with IBM and Bangkok-based IT services firm Infomax to implement a new payments network for the National Interbank Transaction Management Exchange (ITMX) in Thailand.

/Electronic bill presentment and payment

CheckFree to acquire Carreker

US e-payments vendor CheckFree has signed a definitive agreement to acquire troubled financial IT and consultancy firm Carreker Corporation for a total of $206 million.

/Electronic bill presentment and payment

American Express buys Harbor Payments

American Express has signed an agreement to acquire Atlanta-based Harbor Payments, a privately-held provider of electronic invoice presentment and payment (EIPP) systems. Financial terms of the deal were not disclosed.

/Electronic bill presentment and payment

Lloyds TSB introduces online bill payment service

UK bank Lloyds TSB has added a new online bill payments application to its Web banking site that is powered by OneVu, the electronic bill presentment and payment (EBPP) service set up by Voca and CheckFree.

/Electronic bill presentment and payment

Todo1 delivers Clear2Pay Bank Payments Hub to Banco Mercantil

Florida-based e-financial services utility Todo1 has selected Belgium-based Clear2Pay's Payment Hub to deliver electronic bill payment services to client bank Banco Mercantil in Venezuela.

/Electronic bill presentment and payment

Dexia and KBC pilot new LogicaCMG, Isabel payments information portal

Belgian banks Dexia and KBC are piloting a new e-invoicing system for consolidating corporate and consumer payment information flows.