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ATM Chooses Derivion for e-Billing

Financial services ASP Derivion announced Tuesday (Jan 30) an alliance with ATM Products, an Atlanta-based supplier of merchant processing products, to provide end-to-end e-billing solutions to ATM Products' growing customer base of regional banks in the Southeast.

ATM Products will offer Derivion's e-billing solution, inetBiller as part of its cache of products and services for the financial services industry. Acting as a transparent extension of the biller's Web site, inetBiller will enable ATM Products customers to deliver and accept payments from virtually anywhere on the Internet.

"ATM Products is always looking for ways to expand our offerings with particular emphasis on next-generation electronic and Web-based services," said Rob Cason, president of ATM Products. "Derivion inetBiller will allow our financial services customers to respond to consumer demand with the convenience of online billing, while reducing billing expenses and creating new ways to interact with customers."

Through the ASP model, Derivion enables billers to utilize the power of the Internet without supplementary investments in hardware, software or network capabilities. By digitizing paper bills, Derivion will transform bills into interactive marketing tools, expanding the biller's opportunity to promote other products and services. In addition, inetBiller streamlines billing processes, reduces operating costs and enhances customer service.

"Derivion is focused on enabling billers of all sizes with e-billing solutions that are low-risk, non-intrusive, and allow for complete biller control," said David Fiacco, president and COO of Derivion. "Our alliance with ATM Products connects us to a large segment of financial institutions interested in enhancing their e-commerce strategies."