Integration of Metavante bill pay into Connect online banking

August 27, 2008 - 5:33am | Banks and internet banks | News |
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Metavante Corp. This week an alliance was announced between Metavante Corp., a leading provider of banking and payments technology and Metavante and Connect Software Solutions, LLC, an online banking provider for credit unions.

Under the terms of this reseller deal Connect's online banking application will deliver all the functionality of Metavante's Bill Payment Manager, a solution that allows credit unions to quickly and cost-effectively deliver bill presentment and payment capabilities. Besides, Connect has fully integrated Metavante's Expedited Payments solution which means that credit unions deploying Connect's online banking product can enable members to send payments — either same-day electronic or overnight-check — to virtually all billers.

The integrated service now available to all credit unions was preliminarily tested and fine-tuned by Nevada Federal Credit Union, which utilizes the Connect online banking and Metavante bill presentment and payment solutions.

“Metavante already has a significant presence in the credit union space, and with Connect's integration to Metavante, we now gain additional opportunity with credit unions, and this helps validate Metavante's established status as an industry-leading provider of solutions to handle the complete life cycle of a bill,” said Jeff Lewis, division president, Metavante ePayment Solutions. “From the seamless visual integration of Metavante bill pay into Connect online banking and the branding opportunity it provides, to the revenue-generating opportunities around expedited payments, to an eBill functionality that can automate member enrollment, Metavante delivers the products, features and functionality that can add significant value to credit unions.”





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