3i Infotech Billing & Payments and Online Resources Team to Deliver Complete Electronic Payment Solution

3i Infotech Billing & Payments, a leading provider of software and solutions for the end-to-end corporate revenue chain, and leading financial technology provider Online Resources Corporation (Nasdaq: ORCC), today announced a reseller agreement that will deliver a complete electronic payment and processing solution to customers.

The companies will integrate Online Resources’ Payment Advantage solution, which enables electronic payments on a one-time basis or through enrollment, with 3i Infotech’s presentment and processing solutions. The new relationship is part of 3i Infotech Billing & Payments’ Center of Excellence and core to its ongoing channel management consolidation strategy designed to optimize client revenue chains through improved efficiency, simplicity and cost controls.

“This joint offering allows organizations to add advanced electronic channels to their billing and payment strategy while at the same time simplifying and streamlining those processes,” said Lynn Boggs, CEO, 3i Infotech Billing & Payments. “This partnership is yet another example of our ongoing strategy to integrate with best of breed solutions to maximize the value we provide to our customers.”

Online Resources’ proprietary payments network, one of the largest in the industry, directly links virtually all U.S. banks with more than 8,000 billers and powers more than 250 million payment transactions annually. Online Resources’ Payment Advantage solution is one component of its comprehensive set of electronic billing solutions for presentment, payment and receivables management to billers in many industries including credit card, auto finance, mortgage, insurance, healthcare, telecommunications and utilities.

“Online Resources and 3i Infotech Billing & Payments have similar expertise and focus around high volume transaction handling, which bring tremendous synergies to a customer engagement,” said Eric M. Labiak, Chief Sales Officer for Online Resources. “Our collective understanding of customer needs has allowed us to create a joint solution for expanded capabilities without placing additional burdens on internal support resources and infrastructure.”

3i Infotech Billing & Payments is the largest provider of outsourced remittance processing, one of the largest third party billers, and a leading provider of payment processing platforms and technology. Each year, the company manages the presentment of one out of every 25 consumer statements mailed in the US. It processes more than 640 million payments annually totaling 2% of the nation’s consumer checks.

Each of these electronic billing and payment services are available together or individually from either company. The agreement was announced today at the AFP Annual Conference taking place November 6-9, where 3i Infotech Billing & Payments is exhibiting in booth #1638.

3i Infotech Billing & Payments combines people, processes and a rich suite of proven technologies to deliver best practices and highly customized solutions for all aspects of a company’s end-to-end revenue chain. Home to the Global Billing & Payments Center of Excellence, the company leverages its deep domain expertise in select vertical markets such as banking, financial services, insurance, government, manufacturing, retail, telecom, healthcare and utilities to deliver the ideal mix of on-site, software-as-a-service (SaaS) and outsourced solutions to serve each customer’s unique needs. 3i Infotech Billing & Payments consists of the subsidiaries formerly known as Regulus Group and J&B Software, and recently became a standalone company.

Online Resources (Nasdaq: ORCC) specializes in powering financial interactions between millions of consumers and the company’s financial institution and biller clients. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Founded in 1989, Online Resources has been recognized for its high growth and product innovation. It is the largest financial technology provider dedicated to the online channel.