The Bank of New York has joined forces with Harbor Payments, the internet solution provider offering internet-based payment management solutions. The bank is able to offer its treasury management clients electronic collection and disbursement capabilities that streamline the bill paying process for businesses and the consumers they serve.
The service will allow the bank?s corporate and institutional clients to collect information and authorization for collections and payments from consumers.
Businesses will be able to offer individuals the ability to make payments electronically using a checking account, credit card or debit card, as well as send bills or statements electronically to individuals via a website or secure e-mail.
?This combination of capabilities allows us to couple our core payment processing infrastructure with Harbor?s collection and disbursement services for consumers," says Eric Kamback, senior vice president and head of the global payment services group at The Bank of New York.
The service will offer a variety of self-service support tools, such as internet and automated telephone payment initiation, which allow consumers to make one-time and recurring payments 24 hours a day via either an online account or over the phone.