Spectrum and Financial Fusion Partner to Offer EBPP to World's Leading Banks
Spectrum and Financial Fusion Partner to Offer EBPP to World's Leading Banks
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New York: Business Wire
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English
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New York: Business Wire
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This agreement will allow Financial Fusion the opportunity to establish relationships with Spectrum's member financial institutions and to leverage Spectrum's participating network of eight million online consumers. The Spectrum network also provides Financial Fusion customers with a lower cost alternative to legacy EBPP processors. Financial Fusion customers are uniquely positioned to take immediate advantage of Spectrum using Financial Fusion's existing OFX/IFX technology. "As the leading provider of online banking solutions to large financial institutions, Financial Fusion is able to bring a number of strategic customers to the Spectrum network," said John Perry, Chairman and CEO of Spectrum. "Financial Fusion's participation in Spectrum demonstrates the continued interest financial institutions have in Spectrum's open, bank-centric EBPP platform." Spectrum, headquartered in Atlanta, Ga., is an independent payment systems company fully owned by J.P. Morgan Chase & Co. (JPM), Wachovia Corporation (FTU) and Wells Fargo & Company (WFC). Formed to facilitate the exchange of electronic bills and payments, Spectrum's mission is to provide a secure, open and interoperable infrastructure to electronically link consumer and biller service providers. Additionally, Spectrum seeks to provide value to its participants by providing superior service and reducing overall bill presentment and payment costs. Spectrum does not host any bills directly, nor does it retain any bill details. Including the three founders, 24 financial institutions currently belong to the Spectrum network or have signed letters of intent to participate in the network. More information on Spectrum can be found at www.spectrumebp.com....
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Spectrum and Financial Fusion Partner to Offer EBPP to World's Leading Banks
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TN_cdi_proquest_wirefeeds_445499341
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_wirefeeds_445499341