Financial software solutions provider Yodlee has launched its new PayItAll online payment solution as an integral part of its BillPay suite of solutions.
Available as a fully hosted, partially hosted or enterprise-based solution, Yodlee BillPay PayItAll is designed to help financial institutions to lower their bill pay solution, processing and related expenses, generate new revenue and improve customer experience.
Anil Arora, CEO of Yodlee, said: Financial institutions today face increasing challenges when it comes to online bill pay. As popularity and user adoption continue to grow, so do associated expenses. In today’s unsettled market, many financial institutions face a multi-million dollar annual expense. Yodlee offers an important win/win solution to the problem, with Yodlee Bill Pay PayItAll delivering lower overall cost, generating substantial new revenue opportunities and delivering significantly improved user functionality.