TD Banknorth selects Princeton eCom payments technology

Source: Princeton eCom

Princeton eCom, a leading provider of electronic payment solutions, today announced that it has been selected by TD Banknorth Inc. (NYSE: BNK) to provide enhanced payment technology and tools that will enable multiple loan payment options for customers.

Princeton eCom's management tools integrate data from all payment channels into a single streamlined customer service interface providing ease of use, multiple reporting and tracking options, and convenience.

CollectPay One-Time Pay provides TD Banknorth customers with the ability to now make one-time payments via the Web or through an Interactive Voice Response (IVR) system to compliment live customer service representatives. TD Banknorth also uses Princeton eCom to support retail banking services through Princeton eCom's PayAnyone solution that enables online bill payment. TD Banknorth is in the process of enhancing their PayAnyone solution by adding Princeton eCom's Real-Time Digital Scanline technology. This enhancement will enable TD Banknorth to experience the lowest claims rates in the industry.

"By utilizing CollectPay One-Time Pay, TD Banknorth has significantly enhanced our payment channels, provided more convenience for our customers, and lowered costs through a reduction in paper payments and payment claims," said Kendall Beal, VP eCommerce at TD Banknorth. "It's just one more way we go above and beyond for our customers."

"TD Banknorth's selection of Princeton eCom to support customer service for consumer lending is a great compliment and demonstrates the value we bring to our clients," said Ron Averett, president and CEO of Princeton eCom. "More banks are turning to Princeton eCom to be a single-source for cost-effective and reliable solutions that provide excellent service for their retail banking and billing operations."

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