Chase consolidates EBPP platform

The Chase Manhattan Bank is to use Consolidator from Digital Insight as the basis for its retail electronic bill presentment and payment (EBPP) platform.

  0 Be the first to comment

Chase consolidates EBPP platform

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The solution aggregates bill summary information and routes payments to and from any open financial exchange (OFX)-enabled bill publisher. It currently supports OFX-Presentment versions 1.02 and 1.5.1 and OFX-Payment version 1.5.1, says the company.

Consolidator was the first consumer service provider (CSP) technology certified by Spectrum, a consortium of US banks formed to deliver an open, interoperable switch for exchanging electronic bills and payments. Chase, a founding member of Spectrum, joins Wells Fargo Bank in utilising the solution.

Sponsored [New Report] AI Strategies for Scalable, Secure and Compliant Banking

Comments: (0)

[Impact Study] 2024 Fraud Trends in Banking, Insurance, and BeyondFinextra Promoted[Impact Study] 2024 Fraud Trends in Banking, Insurance, and Beyond