Live Transactions Advance Electronic Bill Presentment Service From MasterCard RPPS

Tuesday 15 January 2002 22:00 CET | News

MasterCard Remote Payment and Presentment Service (RPPS) announced that its electronic bill presentment service is now processing live transactions from billers to consumers via participants Billserv, Inc., and Online Resources Corp., two of the leading participants in the electronic bill payment and presentment (EBPP) industry.

Billserv currently has 96 signed billers; 76 are in a production environment stage, with the remaining 20 in various stages of implementation. Online Resources distributes bill payment and presentment services to more than 525 banks, thrifts and credit unions. The MasterCard RPPS model allows biller service providers (BSPs), such as Billserv, to communicate with multiple consumer service providers (CSPs), such as Online Resources, via a single connection through the RPPS hub. First Virginia Banks Inc., a $10 billion financial institution, is a participant in the RPPS program via Online Resources and is planning an expansion of the service to its customer base in spring 2002. Both Billserv and Online Resources will bring additional clients online throughout the first quarter. Several other major BSPs and CSPs are expected to go live in the first quarter as well, and MasterCard RPPS will continue to add participants on an ongoing basis.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce