PNC Bank Plans Electronic Bill Presentment, Payment Pilots
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PNC Bank, based in Pittsburgh, announced plans to prepare for Internet-based delivery of electronic bill presentment and payment services to customers.
The bank's biller integration services will be developed through a series of pilot projects, the firm stated. Corporate customers and internal bank billers will participate in the projects. An initial bill presentment service will be developed through a pilot with Xerox Corp.
MSFDC, a developer of Internet bill delivery and payment services, and a joint venture of Microsoft and First Data Corp., will provide Internet bill delivery services for Xerox's small business segment. PNC Bank will offer remittance processing capabilities to integrate MSFDC payment information into receivables files for Xerox.
PNC Bank said its internal billers will pilot the services of CheckFree Corp., an electronic bill presentment and payment processor that currently services PNC Bank's Online Financial Services bill payment customers.
Future plans include the use of Integrion's Interactive Financial Services' platform as a collection point for electronic bills originating from a variety of presentment service providers.
"These initiatives are evidence of our commitment to offer a complete suite of services for electronic billing and remittance processing," said Francine Miltenberger, division executive, PNC Bank Treasury Management. "By engaging with MSFDC and CheckFree, we position ourselves to offer services to a broad set of billers."