19 October 2017
visit www.response.ncr.com

3i Infotech and Western Union team on e-billing and payments

04 April 2011  |  2769 views  |  0 Source: 3i Infotech

3i Infotech, a global information technology and business process outsourcing (BPO) company, and The Western Union Company (NYSE:WU), a leader in global payment services, today announced the availability of joint electronic billing and payment solutions to clients of both companies.

The goal is to further optimize client revenue chains through improved efficiency, simplicity and cost controls.

The agreement between 3i Infotech and Western Union incorporates 3i Infotech's advanced eBilling and correspondence delivery and its electronic lockbox offering, along with a Western Union comprehensive suite of electronic payment services. The result is a powerful, comprehensive ePayments platform.

"Together, 3i Infotech and Western Union have created a dynamic solution for companies looking to add advanced electronic channels to their existing billing and payment processes," said Kathy Hamburger, Chief Executive Officer and President, 3i Infotech, BPO & Developed Markets. "By leveraging our best-in-breed solutions, this joint offering can impact all facets of the corporate revenue chain while simplifying process management and integration."

The ePayments platform offers many benefits to corporate billers, including:

Allows a biller's customers to easily access their eBills, promoting migration from paper billing, enhancing efficiencies, and easily integrating with the billers' end-to-end revenue chain
Provides more payment options for customers, including one-time, same day or next day payments as well as recurring payment plans, helping improve biller's cash flow and reduce costs
Achieves A/R consolidation through the eLockbox, giving users the powerful ability to receive a single A/R file for their entire spectrum of payments channels
Delivers best-in-class integrated processes, customer relationship management (CRM) and retention benefits, environmental sustainability, and reduced print and postage costs

"The proliferation of billing and payment channels has increased the strain on corporate IT and treasury groups trying to support such systems," said David Shapiro, SVP Payments, Western Union. "Our combined solution not only serves the needs of customers and the corporate backoffice, but seamlessly integrates with existing payment channels and consolidates A/R reporting."

Each of these electronic billing and payment services are available together or individually from either company. The agreement was announced today at the NACHA Payments conference in Austin, TX.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15597 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8775 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8420 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7871 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7011 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job