Derivion Charges Ahead with E-Billing Upgrade

Derivion has announced the newest incarnation of its e-billing solution, inetBiller 2.0. But what might seem like nothing more than a product upgrade is really one company’s attempt to stay ahead in today’s highly competitive e-billing race.

Derivion, a provider of e-billing enablement solutions for B2C, B2B, and small business applications, has boosted its flagship product to ensure improved presentment speed and enhanced capabilities such as online presentment of graphs and charts, and a higher level of biller control and scalability.

This newest upgrade uses inetBiller HSCT (high speed conversion technology), an engine that extracts and optimizes biller data and other documents for electronic output, delivering a 400 percent improvement in the number of bills Derivion is able to process per second. Other inetBiller 2.0 enhancements include a higher level of biller control for automated implementation tasks, detailed reports for monitoring the conversion process, and new capabilities for generating table of contents and conducting data search and download.

But Derivion is not the only e-billing player to attempt to stake a place as an industry leader. CIBC, Toronto-Dominion Bank and Bank of Nova Scotia are working with Toronto’s CertaPay Inc. on a service that will enable people to send money by e-mail. CIBC, Scotiabank, TD, Mouvement des caisses Desjardins, National Bank of Canada and Royal Bank of Canada offer an online billing service called Webdox through a jointly owned company called e-route Inc. And Bank of Montreal uses a service called EPOST, which is a co-venture between the bank’s Cebra e-commerce subsidiary and Canada Post.

Consumers and businesses alike can certainly expect a slew of new product upgrades in the coming months as the market for e-billing heats up.

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