Five Points Bank of Grand Island, Neb., has become the first bank to test electronic bill presentment and payment software from TriSense Software Ltd.
Five Points, which has $265 million of assets, will use the PaySense software to deliver electronic billing services to local billers, enabling customers to receive and pay some bills electronically.
"We were drawn to PaySense by a number of impressive bank-centric benefits that other e-billing systems don't offer, such as the ability to control the service directly and the ease of integration with a wide range of commercial clients," said Ed O'Boyle, senior vice president of Five Points Bank.
"Using the same system to electronically deliver our own direct-deposit- account statements and insufficient funds notices over the Internet is an added bonus," Mr. O'Boyle said. "We already image checks and documents, including statements, so this is a natural business development that enhances our market position."
Other companies testing PaySense's electronic bill presentment software are regional natural gas utility Wisconsin Fuel and Light, and a midwestern Internet service provider.