KeyBanks Latest Online Treasury Solution Provides Clients New Way To Accept Payments

Thursday 6 November 2003 22:00 CET | News

As organizations continue to explore methods fordecreasing costs and increasing efficiency, Cleveland-based KeyBank has launched a solution for collecting funds faster.

Its new service, called KeyPay, enables clients to accept payments through the Internet, giving them a more streamlined approach to managing their receivables process. The KeyPay offering comes as a result of KeyBank teaming up with Govolution, Inc. -- a leader in electronic payment technology for governments, utilities, universities and non-profit organizations. Key is among the first financial institutions providing this service to its clients. While this makes KeyPay appealing to public sector clients -- who can use the service to accept payments for taxes, license renewals, fines, permits and tuition -- any company seeking to accept online payments can utilize this service. KeyPays ability to enable homeowners to initiate their own mortgage payments was instrumental in securing its first customer: Ticor Title, a title insurance underwriter of Fidelity National Financial, Inc. As part of the nations largest title insurance and diversified real estate-related services companies, Salem, Ore.-based Ticor brought KeyPay on to complement the existing cash management services it has with Key.

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Categories: Payments & Commerce | Payments General
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