M&I Bank Partners with Aliaswire® to Deliver Electronic Bill Presentment and Payment to Business Clients
06 April 2010 - 2:02PM
Business Wire
Aliaswire Inc. today announced that M&I Bank’s Treasury
Management Group has selected Aliaswire’s DirectBiller™ product to
deliver an innovative electronic bill presentment and payment
solution for its business clients.
M&I Bank, a recipient of six national and two regional
Greenwich Associates' Excellence Awards for Middle Market Banking,
is using DirectBiller™ to enable business clients of all sizes to
present bills online and collect electronic payments using a hosted
platform that provides customer flexibility while meeting the
highest security standards. M&I Bank business customers can
choose from an array of configurations, receive comprehensive
reports, and take advantage of rapid time-to-market while offering
end-customers multiple options for accessing and paying bills,
including by Web, phone, or agent.
“With the addition of the Aliaswire solution, M&I Bank will
begin offering electronic bill presentment and payment to our small
and mid-market business clients,“ said Andrea Hatcher, senior vice
president of Treasury Management Services for M&I Bank. “In
addition, DirectBiller provides us the fastest deployment time, and
great flexibility to address the electronic payment needs of our
clients in healthcare, government, utilities, and many other
vertical markets.”
“We are pleased that M&I Bank selected DirectBiller based on
its significant value proposition for financial institutions
including increased revenue and deposits from business customers,”
said Hoss Mohsenzadeh, CEO of Aliaswire. “It is yet another
validation of DirectBiller’s fit with the midsize business market.
DirectBiller enables the fastest implementation of biller direct
services in comparison to our competitors in the marketplace today
so billers of all sizes quickly see the benefits of improved
customer service, efficient payment processing, and rapid
adoption.”
About M&I Bank.
M&I Bank is an affiliate of Marshall & Ilsley
Corporation (NYSE: MI), a diversified financial services
corporation headquartered in Milwaukee, Wis., with $57.2 billion in
assets. Founded in 1847, M&I Marshall & Ilsley Bank is the
largest Wisconsin-based bank, with 192 offices throughout the
state. In addition, M&I has 53 locations throughout Arizona; 33
offices in Indianapolis and nearby communities; 36 offices along
Florida’s west coast and in central Florida; 15 offices in Kansas
City and nearby communities; 26 offices in metropolitan
Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in
Las Vegas, Nev. M&I’s Southwest Bank subsidiary has 17 offices
in the greater St. Louis area. M&I also provides trust and
investment management, equipment leasing, mortgage banking,
asset-based lending, financial planning, investments, and insurance
services from offices throughout the country and on the Internet
(www.mibank.com or www.micorp.com). M&I’s customer-based
approach, internal growth, and strategic acquisitions have made
M&I a nationally recognized leader in the financial services
industry.
About Aliaswire®
Aliaswire Inc. operates a next-generation Platform as a Service
(Paas) to deliver payment solutions in the areas of personal
electronic payments, commercial electronic payments and underbanked
electronic payments through its mPay™, PayVox™ and DirectBiller™
solutions. The company offers a highly scalable, secure and
redundant platform that can be simultaneously accessed through the
web, voice, wireless and CSR channels. Headquartered in Cambridge,
Massachusetts, Aliaswire is an ISO 17799, and PCI level 1-certified
processor. For additional information, visit
http://www.aliaswire.com.
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