Billtrust introduces Payments 360 that eliminates paper bill delivery

Billtrust, a provider of outsourced billing solutions, launched its Payments 360, a new service that helps companies benefit from the growing trend in online bill payment. The new solution enables Billtrust clients to get access to virtually every online bill pay network via a single connection.

No matter how a payor originates payment (their Bank, Third Party Payment Sites, QuickBooks™, Quicken™, Walk In Payment Centers), a business using Payments 360 would receive the payment electronically overnight, rather than have to deal with paper. This means a company can transform costly third party paper checks into streamlined electronic payments. Further, by receiving the payments electronically it is easier for a company to match the payment data within their system.

Flint Lane, CEO at Billtrust notes: "From inception, Billtrust's goal has been to help billers solve inefficiencies within the bill presentment and payment process. These inefficiencies are often caused when transactions that should settle electronically are still stuck in some type of paper form. Payments 360, like many of our services, is geared towards eliminating paper entirely from the bill delivery process."