A revenue generating addition offered by Yodlee

Financial institutions will be provided a new revenue opportunity with Yodlee’s leading expedited payments solution - PayToday. Any financial institution can now integrate the solution as a revenue generating addition.

Other products previously released by Yodlee include Yodlee BillPay PayItAll, Yodlee PersonalFinance and Yodlee FundsTransfer.

As for Yodlee PayToday it was developed to provide easy migration with additional Yodlee products, easy integration into existing online banking and bill payment services and end-to-end electronic execution of transactions to lower costs and increase profits.

Availing of these services consumers are able to make same-day electronic payments to hundreds of national and regional billers in multiple biller categories like credit cards, mortgage, auto finance, insurance, utilities, cable and wireless.

“Part of the difficulty in converting consumer demand into financial institution revenue lies in having a meaningful network of mainstream billers. Through Yodlee PayToday, Yodlee is able to deliver hundreds of well-known national and regional billers, such that a typical bill paying consumer could expect to be able to pay four or more monthly bills on an expedited basis, as necessary. This translates into a very big revenue opportunity for financial institutions. We're not aware of any provider, other than Yodlee, that can deliver as rich an assortment of relevant billers across all of the major biller categories,” said Joseph Polverari, SVP strategy and development at Yodlee.