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EDS Delivers Interactive Billing Solution to Bank One

Plano, TX-based EDS said it is delivering its Interactive Billing Services to Chicago-based Bank One this month.

Bank One has integrated the EDS solution into its treasury management product set--offering interactive billing to its commercial customers, which enables them to send bills over the Internet to business and consumer customers.

Bank One said it now can immediately bring Electronic Bill Presentment and Payment (EBPP) services to all billers, including those in high-volume industries such as utilities, insurance and telecommunications.

Bank One's EBPP solution augments the legacy billing process of corporate billers. The turnkey service allows bills to be published and delivered in many formats including traditional paper statements, electronically via HTML, through bill aggregators (including Bank One Online), facsimile, e-mail and through a hosted customer-branded Web site. This EBPP service supports multiple payment tools, including ACH, credit card, touch tone phone, retail lockbox and wholesale lockbox.

"What Bank One is announcing is electronic business at its finest--real solutions, delivered by real people using real technology today," said Gary Moore, president of E-Business Solutions at EDS.

Bank One is the nation's fifth largest bank holding company, with assets of more than $250 billion.