By Alex KayleDollar Bank, a US-based bank, joined Wells Fargo and Company in a 15-month test of the Electronic Billing Information Delivery Service (Ebids), an electronic bill payment system, says Digital Transactions.
The pilot programme is expected to run until the end of next year and is intended in part to create a revenue stream for banks in bill payment and presentment, says Rob Unger, senior director of e-billing and payments at Nacha, the organisation sponsoring Ebids.
US banks and credit unions will spend more than $900 million in outsourcing parts of their electronic bill-payment services this year, a figure that's expected to rise to $1 billion by 2010, according to a report from researcher TowerGroup. |
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