MasterCard launches online bill pay service
Purchase, N.Y., June 8, 2010 -- MasterCard Worldwide today announced a new bill pay service for MasterCard® prepaid card issuers and program managers, and their cardholders. This new service leverages the capabilities of payment platform and services provider Aliaswire, combined with the industry-leading bill payment solutions of MasterCard RPPS, to offer MasterCard prepaid partners a feature-rich bill payment service that integrates easily with their prepaid card program, and enables MasterCard prepaid cardholders to conveniently pay bills online or via telephone.
Through MasterCard Online Bill Pay, MasterCard prepaid cardholders can easily schedule and make bill payments to anyone directly through their provider’s cardholder website. For added convenience, payments can also be made via telephone, in English or Spanish. To help manage and track bill payments, cardholders can view payments once posted and set reminders for upcoming due dates to help avoid late payments.
“The process of paying bills just got a lot more convenient for Prepaid MasterCard cardholders who now will have access to a simple, easy to use bill payment service,” said Laura Kelly, senior vice president, Global Prepaid & Debit Product Solutions, MasterCard Worldwide. “By integrating the strength of our existing prepaid offering and the bill payment resources and expertise of MasterCard RPPS with the valuable payment functionalities from Aliaswire, we are delivering an advanced bill pay solution that supports our commitment to provide our prepaid partners with innovative and effective ways to deliver value to cardholders and help ensure profitable long-term customer relationships.”
Through an agreement with Aliaswire, MasterCard will leverage Aliaswire’s PayVox™ electronic bill payment solution, designed specifically for prepaid cardholders. This new service allows for fast, easy and secure integration with an issuer’s infrastructure, eliminating integration fees. In addition, the service enables delivery of electronic bill payments to more than 6,000 national and regional U.S. merchants via MasterCard RPPS – the largest online database of billers available – which helps eliminate the cost and hassles for issuers to form direct relationships with bill payment service providers.
“For the large percentage of consumers who still rely on traditional payment methods to pay their bills, this new bill pay service from MasterCard provides them with access to a value-added convenience using their prepaid card and helps make their lives easier,” continued Kelly.
About MasterCard Prepaid Programs & Solutions
Since introducing its first prepaid card in mid 1990s, MasterCard has quickly become a leading prepaid payment card brand. Today, MasterCard combines a set of global prepaid product solutions, processing and advisory services that is unique in the industry, making it a strong business partner for companies looking to successfully participate in the prepaid market. MasterCard prepaid card solutions are being used today to enable global financial inclusion and provide consumers an additional payment choice; deliver cost savings and efficiencies to business and public sector agencies; enhance channels for merchant profitability; and complement existing retail bank strategies by delivering innovation on emerging payments opportunities.
About MasterCard RPPS Bill Payment Solutions
Over two decades, MasterCard RPPS has been at the forefront of electronic bill payments. This leadership has produced powerful insights into the needs of all constituents within the bill payment value chain, enabling MasterCard to develop solutions that hold unique value propositions for customers. In fact, no other single provider offers the entire range of services MasterCard RPPS does today. By delivering innovative and unique solutions to satisfy our customers’ need for better, faster and easier service, MasterCard RPPS is helping financial institutions, processors, and billers drive revenue, reduce costs and optimize their bottom line.
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™ services. 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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About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com . Follow us on Twitter: @mastercardnews.
Source: Company press release.