VocaLink Launches MyBillsOnline Service for Billers and Their Customers

Service Enables Consumers to View Their Bills Through a Single Online Portal

VocaLink, the international payment transaction specialist, today announced that it has launched a new online portal, MyBillsOnline, which enables consumers to view their bills and statements in one place regardless of which financial institution they bank with. The launch of the new service follows VocaLink's recent announcement that it has bought out its joint venture partner, Fiserv, to become the sole owner of OneVu, the consolidated electronic bill and data presentment service.

The OneVu service already operates through major banks, such as Lloyds Banking Group and the Royal Bank of Scotland, and the launch of MyBillsOnline will enable billers to further increase consumer adoption of their own electronic billing services. Electronic billing extends customer choice, boosts cash flow and helps enhance corporate image. For the consumer, MyBillsOnline will allow users to effectively manage their finances online by viewing, tracking and managing their bills from one secure site.

Fred Bar, Managing Director for Euro Services comments, "VocaLink's new MyBillsOnline service supports our customers' desire to view and manage all their bills in one secure place. We believe that the addition of MyBillsOnline will help billers to serve customers better, strengthen existing relationships and enable them to enjoy the benefits associated with billing their customers electronically."