Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation, today announced Corporate Network eComÂ® (eCom) has named Metavante its provider of online bill payment solutions and will resell Metavanteâs entire electronic presentment and payment solution. eCom, a credit union service organization, is a majority-owned subsidiary of U.S. CentralÂ®.
Created to provide online bill payment solutions exclusively to corporate credit unions and their member credit unions, eCom will convert its more than 200 existing credit unions to Metavante online bill payment solutions in 2008. Through the Metavante-eCom relationship, corporate credit unions and their member credit unions now have access to a wide-ranging and flexible set of online bill payment deployment options, everything from remittance processing to a fully hosted electronic presentment and payment solution.
âeCom has committed itself to delivering cost-effective, flexible and customizable bill pay services that corporate credit unions, credit unions and their members will find easy to use. Before choosing Metavante, our due diligence had to confirm that Metavante solutions can deliver on the specific requirements of credit unions and enhance their Internet service offerings in a way that helps build stronger member relationships,â said Marcie Haitema, executive vice president of correspondent services for U.S. Central and presiding manager of eCom. âBeyond its technical excellence around bill pay, Metavante has clearly demonstrated its ability to collaborate with eCom, exhibiting a core commitment to the usability of online bill pay from the perspective of the consumer.â
âAs a result of eComâs arrangement with Metavante and its strong relationship with U.S. Central, Metavante has an attractive payments opportunity in the credit union movement,â said Dave Fortney, Metavante chief technology officer. âeCom has entrusted Metavante to be its provider of online bill payment solutions for corporate credit unions and their member credit unions, and we will make good on eComâs recommendation by focusing on satisfaction with a quality of service only a broad-based payments provider can deliver. Helping eCom build strong payments technology solutions for corporate credit unions, and in turn, credit unions, will be a measure of our success.â
Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN-debit network in NYCE, a check image exchange network in Endpoint Exchange, online bill pay, healthcare payment solutions, a suite of payment cards and automated clearing house (ACH) processing. Metavante can help clients grow revenue by capitalizing on the expanding electronic payments markets, including financial, healthcare and government payments. Metavante offers clients the efficient and integrated resources necessary to offer their customers one of the broadest ranges of payment options and touch points.