Online Resources Corporation (Nasdaq:ORCC) today announced it has entered into a reseller agreement with KeyBank Global Treasury Management whereby KeyBank will offer Online Resources' biller-direct payment services to businesses through its KeyPay product offering.
Through KeyPay, KeyBank's business clients can offer their customers multiple electronic payment options and minimize their payment processing costs. KeyPay is a scalable, flexible, payment processing engine that is customized with client logos and brand colors to seamlessly integrate with the client's Web site. It also accepts consumer payments over the phone.
"Through our partnership with Online Resources, we are able to offer enhanced payment solutions that can be tailored to enable automation and acceleration of cash availability," said William K. Grace, KeyPay product manager and vice president, KeyBank. "By staying on the forefront of technology, particularly with electronic payments, we help our clients operate their businesses more efficiently, economically and competitively."
"KeyBank is committed to providing their commercial clients with flexible, scalable payment services that help drive value and consumer satisfaction," said Robert R. Craig, executive vice president and general manager of Online Resources' eCommerce Services. "Through our strategic alliance, we will help KeyBank build integrated electronic receivables services into their clients' treasury management relationships."
Payment Advantage is part of Online Resources' eCom Advantage Suite, which provides end-to-end electronic bill presentment, payment and collection solutions that drive online adoption, retention and expansion of biller-direct payments.