re: forms alliance with westpac CommSecure & Westpac Form Alliance to Provide e-Billing Serv
Document date: Tue 10 Dec 2002 Published: Tue 10 Dec 2002 10:57:48 Document No: 283123 Document part: A Market Flag: Y Classification: Other COMMSECURE LIMITED 2002-12-10 ASX-SIGNAL-G
HOMEX - Sydney
+++++++++++++++++++++++++ Leading technology company CommSecure Limited (ASX: CMS) today announced that it has formed an alliance with Westpac Banking Corporation to provide electronic bill presentment and payment services to local government customers.
The two companies have secured their first customer for the new service.
Westpac will provide CommSecure's BillSecure electronic bill presentment and payment (EBPP) service to its Local Government customers. This includes the new BPAY View facility that enables consumers to receive, view and 'BPAY' their bills through their Internet banking website. In addition the service allows ratepayers to pay bills via a council's website.
This is an enhancement to the traditional BPAY service whereby people can pay their bills online but cannot see actual copies of the bills. By registering to 'View and Pay', people can now see outstanding bills and pay them quickly and securely without leaving their Internet banking service. It also means they only have to remember one set of log in details to access both Internet banking and bill payments.
CommSecure will provide its BillSecure service on a per-payment basis, collecting a percentage of each transaction.
By leveraging CommSecure's existing e-commerce infrastructure, Westpac and its Local Government customers can deliver HTML copies of bills and settle electronic payments with minimal upfront IT investment. CommSecure in turn is further developing its annuity income streams.
The new service is attractive to councils because it will reduce the need to distribute paper-based bills and cuts costs associated with receiving payments. At the same time, it provides ratepayers with a new, convenient and low-cost way to make payments. BPAY View also enables councils to communicate directly with ratepayers by combining important notices and marketing messages with electronic versions of bills shown online.
"BPAY View is not only a very convenient and cost-effective billing system, it is also a great one-on-one marketing environment," said Mr Ray Loyzaga, CommSecure Managing Director.BPAY is backed by the banking industry and has quickly become Australia's leading telephone and Internet payments service. More than 9,000 companies now accept BPAY payments and in a typical month Australians use BPAY to pay 8 million bills with a value of more than $3.8 billion. Of these transactions, more than 57 per cent are processed through Internet banking services. The introduction of BPAY View is expected to further drive the popularity of Internet billing.
ABOUT COMMSECURE:
See www.commsecure.com
CMS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
