3i Infotech Billing & Payments, a leading provider of software and solutions for the end-to-end corporate revenue chain, and leading financial technology provider Online Resources Corporation (NASDAQ: ORCC), today announced a reseller agreement that will deliver a complete electronic payment and processing solution to customers.
The companies will integrate Online Resources' Payment Advantage solution, which enables electronic payments on a one-time basis or through enrollment, with 3i Infotech's presentment and processing solutions. The new relationship is part of 3i Infotech Billing & Payments' Center of Excellence and core to its ongoing channel management consolidation strategy designed to optimize client revenue chains through improved efficiency, simplicity and cost controls.
"This joint offering allows organizations to add advanced electronic channels to their billing and payment strategy while at the same time simplifying and streamlining those processes," said Lynn Boggs, CEO, 3i Infotech Billing & Payments. "This partnership is yet another example of our ongoing strategy to integrate with best of breed solutions to maximize the value we provide to our customers."
Online Resources' proprietary payments network, one of the largest in the industry, directly links virtually all U.S. banks with more than 8,000 billers and powers more than 250 million payment transactions annually. Online Resources' Payment Advantage solution is one component of its comprehensive set of electronic billing solutions for presentment, payment and receivables management to billers in many industries including credit card, auto finance, mortgage, insurance, healthcare, telecommunications and utilities.
"Online Resources and 3i Infotech Billing & Payments have similar expertise and focus around high volume transaction handling, which bring tremendous synergies to a customer engagement," said Eric M. Labiak, Chief Sales Officer for Online Resources. "Our collective understanding of customer needs has allowed us to create a joint solution for expanded capabilities without placing additional burdens on internal support resources and infrastructure."