These new capabilities will allow small and mid-size businesses to quickly and cost-effectively present bills to and collect payments from their customers online or by phone. In addition, a full-featured business bill payment product will be integrated into P&H Web Cash Manager that includes managing payees, scheduling one-time and recurring payments, bill payment reminders, employee entitlements and security features such as dual signature.

"The electronification of small business invoices takes advantage of the efficiencies offered by the online channel," said Jacob Jegher, Senior Analyst at Celent. "The small business market can be very lucrative and banks are constantly on the lookout to sell tailored products to new and existing small business clients."

"There is significant demand from small and mid-size businesses for comprehensive bill presentment and payment capabilities," said Terry Monteith, Senior Vice President of Product for P&H. "These new applications will help banks who have adopted our Enterprise Business Banking Product to provide their entire business customer base with an easy-to-use solution for their invoicing and payment needs."

Aliaswire will be joining the P&H Storefront Program to provide bill presentment and payment capabilities, while iPay Technologies delivers numerous payment options for small and mid-sized businesses. Both of these applications will be offered through the P&H secure Outsource Solution Center.