Added Payment Convenience Benefits Billers and Their Customers
NEW YORK, June 25 /PRNewswire-FirstCall/ -- E Commerce Group (ECG), a
division of First Data Corp. (NYSE: FDC), and a leading provider of integrated
electronic payment solutions and financial services software, today announced
its Speedpay(R) electronic bill payment technology now enables billers to
accept ATM and debit card payments from customers using NYCE-branded debit
cards. Potential billers include insurance companies, utilities, educational
lenders and government agencies.
With debit payment capability, cardholders of participating financial
institutions now have the convenience of paying electricity, water, credit
card and mortgage bills electronically by direct debit from their savings or
checking account.
"ATM/debit card payments provide a compelling payment option for billers
seeking effective payment alternatives," said Marc Mehl, vice president at E
Commerce Group. "E Commerce Group is committed to providing a variety of
payment options to our clients, enabling them to reduce costs while improving
customer service."
This enhancement to the Speedpay service is the result of ECG's recent
certification to the NYCE network's Enhanced Message Structure (EMS)
specification. The advent of EMS paved the way for NYCE cardholders to move
funds in real time between accounts at different banks, or pay bills over the
Internet and telephone.
Speedpay technology allows companies to receive, process and integrate
bill payments from multiple sources including call centers, automated voice
response units and the Internet. A single integrated platform allows
transactions to be processed and credited to customers' accounts timely and
seamless. The technology can be custom-tailored to meet the specific customer
account management or financial reporting requirements of many organizations.
Speedpay is used by more than 1,200 of the nation's leading billers in the
utilities, telecommunications, financial services and retail industries.
About E Commerce Group
Founded in 1989, E Commerce Group provides a comprehensive suite of
e-commerce products, electronic bill payment and presentment systems,
integration services and bankruptcy recovery software. The New York-based
company's Speedpay software provides custom-tailored electronic payment
applications for many of the country's leading financial services companies,
retailers and utilities. ECG is a unit of First Data Corp.'s Western Union
family of businesses. First Data (NYSE: FDC) is a global leader in electronic
commerce and payment services. For more information about E Commerce Group,
please visit http://www.ecommercegroup.com .
About NYCE
NYCE Corporation is at the forefront of electronic payments in the U.S.,
providing consumers with secure, real-time account access 100 million times
each month. From standout customer service to superior levels of
infrastructure reliability, NYCE leads the industry through its innovative
spirit, dedication to quality and singular focus on real-time payment
solutions. With First Data Corporation as its majority owner, NYCE is aligned
with the world's leading electronic commerce and payment services company,
creating unparalleled opportunities for new products and services.
NYCE Corporation operates the NYCE Network providing 2,200 financial
institutions, retailers and independent ATM deployers with shared network
services for automated teller machines (ATMs), on-line debit point-of-sale
(POS), point-of-banking services and emerging A2A applications. The company
also provides electronic funds transfer (EFT) processing services including
ATM driving and fully-automated monitoring services, on- and off-line debit
card processing and card authorization solutions. NYCE Corporation is
headquartered in Montvale, NJ, and can be found online at http://www.nyce.net .
First Data Corp., with global headquarters in Denver, helps power the
global economy. Serving approximately 3 million merchant locations,
1,400 card issuers and millions of consumers, First Data makes it easy, fast
and secure for people and businesses to buy goods and services, using
virtually any form of payment: credit, debit, smart card, stored-value card or
check at the point-of-sale, over the Internet or by money transfer. For more
information, please visit the company's Web site at http://www.firstdata.com .
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
http://www.nyce.net http://www.ecommercegroup.com
CONTACT:
Wendy Carver-Herbert of First Data Corp.,
+1-303-967-6416, wendy.carver@firstdatacorp.com
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