and payment company, has signed agreements with five financial institutions to provide retail customers with electronic bill payment services.
The institutions are M&T Bank Corp. of Buffalo, Old Kent Bank and Trust Co. of Grand Rapids, Mich., Hibernia National Bank of New Orleans, Coastal Bancorp Inc. of Houston, and Wescom Credit Union of Pasadena, Calif.
These clients bring the total of financial institutions using Princeton eCom's pay-anyone service to 265.
In what it says is an attempt to drive consumer adoption of home banking, Princeton eCom is charging financial institutions only per-transaction fees when their customers use the bill payment service. The company does not require its financial institution clients to enroll customers individually for on-line bill payment.