Citi and DST offering EBPP ..
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STAMFORD, CT, Oct 12, 2000 (BUSINESS WIRE) --
Nimble new solution offers "one stop shopping" for corporations'
entry to EBPP
Citibank e-Business, a division of Citigroup, the premier global financial services company (NYSE: C), today announced the launch of an e-billing business-to-consumer solution, Citibank e-Billing B-to-C. This offering will provide flexible and enhanced capabilities for corporations to send statements or bills to their consumers and receive payments via the Internet. Citibank e-Billing B-to-C will be powered by YourAccounts.Com, the e-commerce division of Output Technology Solutions, a DST Systems, Inc. company (NYSE: DST).
Citibank e-Billing B-to-C (www.citibank-ebilling.com) provides a comprehensive, end-to-end solution to support the electronic billing needs of companies, from integrated payment and presentment to customer service and targeted marketing. Citibank e-Billing B-to-C web-enables legacy billing and receivables systems, simplifies complexities, and provides a single transaction point for the entire electronic bill presentment and payment process.
"This offering is an integral part of our strategy to provide Internet-based transaction services to our corporate customers, in order to help our customers realize the convenience, value, efficiency and reach afforded by Internet technology. Citibank e-Billing B-to-C is an innovative, web-based solution that transforms static paper bills into an e-commerce platform," said Norberto Spangaro, North America Region Head, Citibank e-Business, a recognized global industry leader in treasury management services. "As a longstanding global leader in payment and settlement services, Citibank is pleased to be on the forefront of helping our corporate customers harness the Internet's power."
"We are excited to be developing a world-class electronic bill presentment and payment solution with Citibank," said John Korvin, YourAccounts.Com President. "Our agreement with Citibank e-Business in the electronic space enables us to leverage our expertise to deliver a next-generation solution for the bank and its customers."
Citibank e-Billing B-to-C is being offered to clients in the United States. It translates billing data from legacy languages and subsequently routes it electronically to various consumer billing access and presentment platforms. Examples of these include bill consolidator sites, Internet portals, or a biller's branded website. The biller's consumers, who previously received a paper bill, can now view and pay their bill using the Internet. In addition, the Citibank solution provides billers with security, advanced customer care applications, statement archiving, dedicated e-bill marketing support, sophisticated targeted marketing, and various payment options. Citibank offers a robust standard e-bill implementation package with optional features such as instant e-bill registration.
About Citigroup
Citigroup (NYSE: C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in more than 100 countries with a broad range of financial products and services including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, CitiFinancial and Primerica under Citigroup's trademark red umbrella. Additional information can be found at citigroup.com.
About YourAccounts.Com
YourAccounts.Com -- the e.commerce division of Output Technology Solutions (OTS), a DST Systems, Inc. company (NYSE: DST) -- focuses exclusively on the electronic presentment, processing and payment of bills, statements and other related recurring customer communications. OTS processes more than 150 million bills and statements every month, presenting customer communications to more than 50 percent of all U.S. households. Leveraging this expertise as one of the first service providers in the electronic bill presentment and payment arena, YourAccounts.Com is a leading electronic customer-communications provider (ECP) delivering proven business-to-business (B2B), business-to-consumer (B2C), billing, investor, paper and electronic solutions across a broad range of market segments, including wireless communications, video/broadband services, mutual fund, brokerage, insurance, transportation and other industries. Additional information can be found at youraccounts.com and dstsystems.com.
CONTACT: Citibank e-Business
Beverly Wayne, 203-975-6745
Email: Beverly.Wayne@citicorp.com
or
YourAccounts.Com
Susan Bitar, 916-939-5733
Email: susan_bitar@youraccounts.com
EOM -------------------------------------------------------
Jim in CT .. |
