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Technology: Bank of America Launches CheckFree Electronic Billing and Payment Service.(Brief Article)

Mortgage Servicing News

| February 01, 2001 | COPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Bank of America, Charlotte, which has nearly three million online banking customers, will launch a new electronic billing and payment service, using the CheckFree Genesis platform.

The alliance is the first stage of a strategic alliance announced by Bank of America and CheckFree companies last April. The CheckFree Genesis processing engine was launched in November of last year to manage the distribution of bills, electronic payment, event tracking and customer care for CheckFree's billing clients.

The electronic billing and payment service will allow Bank of America online banking customers to receive and pay their bills online through www.bankofamerica.com, it is now available in Arkansas, Oklahoma, Iowa and Kansas. The phased rollout will continue over the next several months, the companies said.

Jeanine Brown, interactive banking executive at Bank of America, said the goal is to give customers "a fully integrated electronic billing and payment solution that will make a traditionally tedious monthly chore as simple as a few clicks of the mouse."

She said the ...

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Source: HighBeam Research, Technology: Bank of America Launches CheckFree Electronic Billing and...

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