Integration with the DirectBiller® bill payment platform adds convenience for consumers, banks and their customers
BURLINGTON, Mass., Feb. 17 10, 2022 (GLOBE NEWSWIRE) — Aliaswire, a provider of digital payment and credit solutions for businesses and banks, today announced that it has integrated its DirectBiller payment platform with the Mastercard Bill Pay Exchange. Businesses using the DirectBiller platform can now offer an enhanced billing and payment experience to consumers who prefer to pay their bills through their financial institution’s bill payment service or through a bill payment aggregator.
Aliaswire’s DirectBiller bill payment platform enables banks to provide business customers with personalized billing and payment experiences for their customers. DirectBiller manages the end-to-end process, from invoicing to payment reconciliation, and integrates with banks’ cash management systems and bank customers’ ERP systems. The addition of Mastercard Bill Pay Exchange allows DirectBiller customers to offer their customers a wider range of billing and payment options, while streamlining customer accounts and reducing operational costs.
Mastercard Bill Pay Exchange is a digital solution that makes it easier for consumers to view, manage and pay their bills in one central location through real-time bill setup, electronic bill presentment, choice of type of payment and confirmation of payment by billers.
Aliaswire will partner with Citi Treasury and Trade Solutions to offer Mastercard Bill Pay Exchange through Citi Present and Pay, an omnichannel electronic bill presentment and payment platform. Citi Present and Pay enables Citi’s US institutional customers to digitally distribute invoices to customers through multiple communication channels, including email, SMS/text, voice/phone, web, and mobile web; and to collect corresponding bill payments via ACH, credit and debit cards, instant payments via The Clearing House RTP© network and alternative payment methods (APM). Mastercard Bill Pay Exchange expands capabilities available to Present and Pay customers.
“We continue to invest in Citi Present and Pay to enable our institutional customers to create a better bill payment experience for their customers and to help eliminate costly inefficiencies for billers. We are excited to add Mastercard Bill Pay Exchange as a feature to our market-leading platform,” said Anupam Sinha, Global Head of Domestic Payments and Receivables, Citi Treasury and Trade Solutions.
“Our banking partners and their customers understand that customers have different payment preferences and they are committed to providing that flexibility,” said Jed Rice, CEO of Aliaswire. “By integrating DirectBiller with the Mastercard Bill Pay Exchange, we’re expanding those options and giving customers the convenience, speed and transparency they want in managing their finances.”
“Mastercard is focused on improving the way individuals and businesses pay and get paid by providing more choice and convenience,” said Ron Shultz, executive vice president, Global Bill Pay Product Development at Mastercard. “We are delighted to partner with Aliaswire and Citi Treasury and Trade Solutions to offer real-time billing and payment options to their customers with Mastercard Bill Pay Exchange. With our real-time data services and multi-rail capabilities, we bring greater efficiency and choice to billers and consumers. »
About Aliaswire, Inc.
Aliaswire is a Boston-based fintech company with a history of payments innovation. The company supports leading financial institutions and merchant service providers with bill payment through DirectBiller® and small business credit solutions through PayVus®. For more information visit https://www.aliaswire.com/.