A solution for banks and payer institutions looking to rapidly integrate their on-line banking system with Electronic Bill Presentment and Payment (EBPP) services.
Bill Payment Routing offers decision-based bill routing connectivity to billers
Banks and payer institutions looking to rapidly integrate their on-line banking system with Electronic Bill Presentment and Payment (EBPP) services can reduce time to market with BillView.
Electronic Bill Presentment and Payment (EBPP) has evolved greatly in the last ten years and the opportunity for future expansion is great. Currently three quarters of the US Online Households pay bills online and Internet Bill Payment is growing at a rapid pace, 25-30% a year. The Gartner Group predicts 65 million consumers will pay bills online by the end of 2007. With this evolution, U.S. Consumer requirements have also increased; they now demand Pay Anyone services and want mobile phone bill payment options.
Bank’s requirements have also advanced. Today’s Banks need to:
Gain control of their EBPP architecture by comply with the Service Oriented Architecture vision of an Enterprise Payments Strategy, and leverage current technical investments in
Online Banking and other customer interaction channels around EBPP
Produce Significant Cost Savings by recognizing the results of Optimal Payment Routing and providing Billers a direct interface to the Bank to increase adoption and facilitate more On-us payments
Own the Online Customer Interaction by providing the bill presentment and payment service via the Bank branded internet banking application and owning the data collected on consumer payment behavior
Clear2Pay’s EBPP solution is designed to address the needs of the Payer, Biller and the Bank.
Bill Payment Routing Brochure