i-flex goes live at United Bank for Africa. FLEXCUBE Payment Systems Module goes live at United Bank for Africa.

First live Customer site for the new payments module

Bangalore, January 21, 2003: i-flex solutions today announced that United Bank for Africa Plc (UBA), one of the leading banks in Nigeria, Africa has gone live on FLEXCUBE Electronic Bill Presentment and Payment (EBPP). FLEXCUBE @ EBPP is a comprehensive solution that covers e-billing, bill payment, and payment solutions. UBA has automated its billing and payment processes with FLEXCUBE @ EBPP, which will help the bank in controlling operating costs.

"i-flex's EBPP module provides a complete solution for billing and payment and we are proud accomplish a flawless implementation. A leading bank like UBA has gone live on FLEXCUBE EBPP and this is a momentous occasion for the entire payments systems development and implementation team at i-flex's Pune center", said, Nandu Kulkarni, Head - Payment Systems Group, i-flex solutions ltd.

FLEXCUBE @ EBPP enables consumers to view and pay bills online. The consumer
can track the bill, manipulate the data for budget planning purposes and
authorize the bank to send payment to the biller. Consumers can also make
online requests for credits and to settle disputes. Customers can view their
payment history and get notifications via e-mail, SMS for bills due, payment
status of bills and other information. Billers can validate the customers
either online or through a batch. FLEXCUBE @ EBPP also generates
comprehensive MIS reports as per the billers' needs.

The module transcends the boundaries of the bank and enables bill payment
and presentment to billers from customer accounts in other banks. This
module currently supports ACH networks, ECS network for payments and
supports OFX standards.

i-flex solutions already has had a strong presence in the financial services
market in Africa. The company has provided and supported technology solutions to over 100 customers in Africa across 17 countries and has a direct presence in 5 African countries. i-flex customer base in Africa includes some of the market leaders in the African Banking industry like African Banking Corporation, Ghana Commercial Bank and SSB Bank Limited in Ghana, Commercial Bank of Africa in Kenya and Union Bank of Nigeria. Ghana Commercial Bank, Union Bank of Nigeria and Commercial Bank of Africa have been ranked as Best Banks while SSB Bank Limited has been rated the Best Domestic Bank by The Banker in 2001.

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