Sun-Netscape Unveils Billing Consolidation App
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Continuing its rapid rollout pace, the Sun-Netscape Alliance Monday introduced a Net bill presentment and payment solution it hopes will spread the use of electronic billing.
Currently, banks offer their consumers the ability to pay only a few of their bills online. Using iPlanet BillerXpert Consolidator edition software, banks will be able to offer a seamless electronic bill presentment and payment system so that clients only have to use one source to pay all of their bills.
Industry experts believe a common standard for Internet bill presentment and payment will help drive the mass adoption of electronic billing by encouraging multiple billers, such as credit card companies, retailers and utilities, to present bills via the banks' Web sites. The intent is that more consumers will take advantage of the opportunity to pay all of their bills with just the click of the mouse.
Three of the nation's top 10 banks -- Chase Manhattan, First Union and Wells Fargo -- have formed a consortium known as Spectrum to adopt a common approach to Internet bill presentment and payment. Already in use by First Union, the Alliance's new iPlanet BillerXpert Consolidator edition is one of the first software products to support the Spectrum standard.
"Intuit recognizes the Sun-Netscape Alliance as a preferred provider of industry-leading enterprise applications," said Eric Dunn, chief technology officer at Intuit. "As we continue to enable billing service providers, we encourage these companies to further strengthen their bill presentment and payment platforms with solutions from premier software providers like the Sun-Netscape Alliance."