After a period of sluggish growth, electronic bill presentment and payment (EBPP) is poised for accelerated expansion as more financial
services institutions get into the game, according to a report by TowerGroup.
As part of a new business-to-business e-commerce initiative, the New York Clearing House has introduced a payment and settlement system
that will make ACH transactions and wire transfers easier, and reduce Internet fraud.
Bank of New York has joined with Accenture and several leading technology and financial services companies to create a company that offers a comprehensive outsourcing solution for the fund management community.