M&I Bank's Treasury Mgt goes electronic

CAMBRIDGE, US: Aliaswire Inc. announced that M&I Bank’s Treasury Management Group has selected Aliaswire’s DirectBiller product to deliver an electronic bill presentment and payment solution for its business clients.

As told in a press release, M&I Bank, a recipient of six national and two regional Greenwich Associates' Excellence Awards for Middle Market Banking, is using DirectBiller to enable business clients of all sizes to present bills online and collect electronic payments using a hosted platform that provides customer flexibility while meeting the highest security standards. M&I Bank business customers can choose from an array of configurations, receive comprehensive reports, and take advantage of rapid time-to-market while offering end-customers multiple options for accessing and paying bills, including by Web, phone, or agent.

“With the addition of the Aliaswire solution, M&I Bank will begin offering electronic bill presentment and payment to our small and mid-market business clients,“ said Andrea Hatcher, senior vice president of Treasury Management Services for M&I Bank. “In addition, DirectBiller provides us the fastest deployment time, and great flexibility to address the electronic payment needs of our clients in healthcare, government, utilities, and many other vertical markets.”

“We are pleased that M&I Bank selected DirectBiller based on its significant value proposition for financial institutions including increased revenue and deposits from business customers,” said Hoss Mohsenzadeh, CEO of Aliaswire. “It is yet another validation of DirectBiller’s fit with the midsize business market. DirectBiller enables the fastest implementation of biller direct services in comparison to our competitors in the marketplace today so billers of all sizes quickly see the benefits of improved customer service, efficient payment processing, and rapid adoption.”