"UMB has detailed strategies in place to increase customer adoption of bill pay," said Tom Mathis, senior vice president, UMB Consumer Services. "Metavante electronic presentment and payment and its implementation team showed the flexibility and expertise to integrate Metavante EPP to our exact specification â putting a payments tool in place that supports our growth objectives."
Under terms of the agreement, Metavante will process online bill payments originated by UMB customers on its scalable payments engine. UMB will manage its bill pay Web site and data warehouse, where it will maintain control of user profiles and scheduled payments.
UMBâs existing relationship with Metavante includes data interchange and automated cash concentration services for corporate bank customers. In addition, UMB works with VECTORsgi, a Metavante company, for image-based exceptions tools and other Check 21 imaging solutions.
"UMB choosing Metavante bill pay goes beyond expanding our relationship," said Frank DâAngelo, president and chief operating officer, Metavante Payment Solutions Group. "The variety of Metavante products and services implemented by UMB thus far validates our growth strategy: to build, whether organically, through acquisition or partnership, financial technology capabilities that provide Metavante clients with a competitive edge."
Metavante Electronic Presentment and Payment (EPP) is an industry technology leader providing a complete end-to-end solution supporting the entire life of the bill. Its document composition software, CSF Designer, is the premier customer communications tool for over 400 clients representing various industries. Metavante provides innovative bill publishing and bill consolidation technology that generates millions of monthly payments and serves both biller and financial markets. Serving over 3,000 clients, the reliable and scalable Metavante presentment and payment engines enable businesses and consumers to present everything and pay anyone, anywhere, anytime.