BroadVision, CheckFree Courting Banks
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BroadVision is jump starting the effort with the announcement of One-to-One version 4.0 which allows financial institutions to connect directly to CheckFree's electronic bill payment and remittance processing systems. Once BroadVision's systems are installed, the financial institutions need only to establish a payment processing agreement with CheckFree.
Financial details of the venture were not disclosed. The new version is scheduled to ship by year's end.
"Electronic bill presentment and payment is the driving force behind the rapid growth of Internet banking," said Samir Mehta, senior product manager at BroadVision. "By enabling our product to work in conjunction with CheckFree, we're helping financial institutions offer their customers the services they are demanding."