Electronic bill presentment and payment

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/Electronic bill presentment and payment

Fiserv reports revised Bank of America contract; cuts 2008 outlook

Bank of America has re-negotiated a payment processing contract with Fiserv's CheckFree subsidiary, leading the vendor to cut its 2008 forecast.

/Electronic bill presentment and payment

Nacha launches e-bill distribution system

US e-payments association Nacha has launched an electronic bill delivery service utilising the Automated Clearing House (ACH) Network.

/Electronic bill presentment and payment

Barclays introduces Twist billing standard

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.

/Electronic bill presentment and payment

Fundtech acquires EIPP outfit Accountis

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.

/Electronic bill presentment and payment

A&L sees soaring e-bill payments

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%.

/Electronic bill presentment and payment

E-bill customers more affluent, profitable and loyal - study

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.

/Electronic bill presentment and payment

Apacs touts e-payments as postal strike kicks off

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.

/Electronic bill presentment and payment

Nordea recruits TietoEnator to supply B2B e-invoicing system

Scandinavian bank Nordea has contracted with Nordic IT services vendor TietoEnator for supply and implementation of a business-to-business (B2B) electronic invoicing system.

/Electronic bill presentment and payment

Danske Bank first to implement Twist billing standard

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.

/Electronic bill presentment and payment

Telrock and PayPoint to punt SMS bill payment service

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.

/Electronic bill presentment and payment

E-invoicing network to save EUR243 billion in EU supply chain costs

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.

/Electronic bill presentment and payment

CheckFree profit falls

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.

/Electronic bill presentment and payment

Fiserv to buy CheckFree for $4.4bn

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.

/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.