RealTime IT News

E-Billing Solutions for Smaller Businesses Offered

E-billing application service provider Derivion and transaction services provider CheckFree signed a deal aimed at accelerating adoption of electronic billing and payment within the small and mid-tier biller marketplace.

The agreement will leverage Derivion's inetBiller as an offering for companies that want to provide e-billing quickly by outsourcing the process and CheckFree's distribution network of banks, brokerage firms, credit unions, portals and personal financial manager software.

Together, Derivion and CheckFree said they can deliver an e-billing solution that is cost-effective and quick to implement, offering the consumer a choice of access points to view and pay bills. Financial arrangements between the companies were not disclosed.

"Over the past six months we have watched Derivion gain significant momentum and recognition with small and mid-tier billers," said Sean Feeney, executive vice president at CheckFree. "Derivion has done an excellent job of reaching a key segment of recurring billers. . ."

"The agreement with CheckFree is an important acceleration in our strategy to provide small and mid-tier billers with a turnkey solution. . .," said Greg Rable, Derivion's CEO. "Derivion customers will now have additional high-visibility destination points on the Web including Yahoo!, Quicken.com, Charles Schwab, BankOne, and many others."

Derivion's inetBiller works transparently with a client's current billing processes to increase efficiencies and decrease costs involved in recurring billing cycles. Derivion handles all the steps necessary for implementation, including the design and presentation of online bills, set up of payment processing, promotion of the service, and launch of the customer enrollment process.