PNC Bank to Pilot Integrated Electronic Banking, Bill Delivery And Payment Services Through Integrion and CheckFree
PITTSBURGH, March 22 /PRNewswire/ -- PNC Bank, Integrion Financial Network and CheckFree today announced plans to pilot a fully integrated, Web-based electronic banking, bill delivery and payment service for PNC Bank customers. The integrated solution will enable PNC Bank customers to receive, view and pay a wide range of bills over the Internet. Through PNC Bank's Account Link by Web, customers will have access to their bank account and bill information in a single log-on session, 24 hours a day, seven days a week. In addition to the banking information currently available through Account Link, PNC Bank customers will be able to pay all of their bills electronically and actually see summary and detailed bills from participating merchants. "We are excited to be one of the first banks in the country piloting integrated bill payment and presentment," said Martin Evancoe, senior vice president of Electronic Commerce for PNC Bank. "By enhancing Account Link, our Web banking service, with this new technology, we believe our customers will find this integrated set of services compelling and valuable, month after month." The solution will connect Integrion's Interactive Financial Services (IFS) platform and CheckFree's E-Bill and new processing infrastructure with PNC Bank's internal systems. For almost a year, PNC, one of the founding owners of Integrion, has been using the IFS platform to deliver its Account Link by Web electronic banking service. Account Link by Web has been providing thousands of PNC Bank's consumers with around-the-clock access to banking information and transaction capabilities. PNC Bank has also been using CheckFree's bill payment service for its customers using personal financial management software and telephone bill payment. The integrated solution will leverage the strength and scalability of IFS with the state-of-the-art bill delivery and payment technology of CheckFree. PNC Bank will customize and brand the consumer experience to be consistent with its current Internet delivery service. In addition to the bank's efforts with Account Link, PNC Bank's Treasury Management division recently signed an agreement to wholesale CheckFree's E-Bill product. "Integrion intends to deliver solutions that make Internet banking, bill delivery and payment an easy and highly reliable proposition for consumers -- a one-stop shop at their bank Web site," said William M. Fenimore Jr., chief executive officer of Integrion. "We are very enthusiastic about PNC Bank's leading initiatives in this arena and are committed to enabling them to provide their customers with a compelling experience." According to Pete Sinisgalli, chief operating officer for CheckFree, "The banking industry has a huge opportunity to drive widespread awareness and adoption of electronic billing and payment. Comprehensive services like the solution PNC Bank will be offering its customers are the benchmark for the newest generation of online financial management." CheckFree currently works with more than 40 of the nation's top billers to provide electronic billing and payment, including: AT&T, Columbia Gas of Ohio, Countrywide Home Loans, CUNA Mutual Insurance and MCI WorldCom. PNC Mortgage will also participate with CheckFree in this pilot. About PNC Bank PNC Bank Corp. (NYSE: PNC), headquartered in Pittsburgh, is one of the largest diversified financial services organizations in the United States. Its major businesses include Regional Community Banking, Corporate Banking, Private Banking, Mortgage Banking, Secured Lending, Asset Management and Mutual Fund Servicing. Visit PNC Bank on the World Wide Web at http://www.pncbank.com. About CheckFree Founded in 1981, CheckFree (www.checkfree.com), the operating subsidiary of CheckFree Holdings Corp. (Nasdaq: CKFR), is the leading provider of electronic commerce services, software and related products for more than 2.6 million consumers, 1,000 businesses and 850 financial institutions. CheckFree designs, develops and markets services that enable its customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure transactions on the Internet. About Integrion Integrion Financial Network is a leading provider of interactive banking and electronic commerce services to financial institutions. Through the Interactive Financial Services (IFS) platform, Integrion offers financial institutions a network through which electronic transactions flow from multiple consumer access points to a bank's host system and/or processor. Technology partnerships with IBM and CheckFree Corporation allow for the delivery of flexible, high utility applications that can be employed at a financial institution for the benefit of end customers. Integrion's operating philosophy allows banks to determine the manner and format in which home banking and electronic commerce services are offered, ensuring consistency with the bank's full range of services, effective branding by the bank and maximum customer benefit. For more information, visit the Integrion web site at http://www.integrion.net.RELATED LINKS
SOURCE PNC Bank Corp.