Bank billing solutions redefined

Unisys, working with a number of major banks, is redefining billing and payments with the launch of Unisys e-@action Electronic Bill Presentment and Payment Solutions (e-BPP) – the first service of its kind that brings together key players in the bill payment process: billers, banks, and their customers.

This initiative will provide a comprehensive online service to customers and drastically reduce the amount of paper-based mail.

This service will consolidate bills or statements from major billers or utilities and present them to the customers through their preferred banking websites. An e-mail will inform customers when there is a bill to view.

Then, through the bank’s website, customers can review the information, request more details, and initiate payments.

when to pay bills, thus eliminating the need to write and post cheques.

Electronic bill presentment and payment is already an area of huge growth. Industry analyst Gartner Group predicts that the e-BPP market will rocket from $4 billion in 2000 to $19 billion in 2005.

Morever, Datamonitor reports that CEOs from Europe’s major 200 banks are making e-BPP a top priority. The market for value-added financial services over the Internet is growing, and with e-BPP, banks have the opportunity of generating new revenue via the Internet.

According to Hoss Atri, programme director for e-Payments, Unisys, the new bank centric e-BPP solution will consolidate Unisys position as a global stakeholder in the payments industry.

"With over 50 percent of the world’s cheques already processed by Unisys systems, this is a positive progression and we can use our expertise in this field to lead the market," comments atri.

"This e-BPP service will also result in more customer visits to the banks’ Internet sites, offering more opportunities for marketing, servicing and strengthening customer relations. E-BPP is an invaluable tool to banks in customer relationship management and will mean customers will benefit from a value added service when banking online. It will also provide bilelrs with access to a ready made large client base through the banks existing Web sites and bill payers with a convenient way of paying their bills via the banks secure Web site," adds Atri. For more information about Unisys financial solutions, visit www.unisysfinancial.com.

About Unisys

Unisys is an e-business solutions company whose 37,000 employees help customers in 100 countries apply information technology to seize opportunities and overcome challenges of the Internet economy. Unisys people integrate and deliver the solutions, services, platforms and network infrastructure required by business and government to transform their organizations for success in this new era. The company offers a rich portfolio of Unisys e-@ction Solutions for e-business based on its expertise in vertical industry solutions, network services, outsourcing, systems integration and multivendor support. Coupled with enterprise-class server and related technology. The primary vertical markets Unisys serves worldwide include financial services, transportation, communications, publishing and commercial sectors, as well as the public sector, including federal government customers. Unisys is headquartered in Blue Bell, Pennsylvania, in the Greater Philadelphia area. For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor.