Online financial services company Online
Resources has teamed up with payment services provider Western
Union to facilitate last-minute bill payments.
Under the agreement, it is claimed the options
available to consumers who wish to make last-minute payments to
billers through the websites of more than 500 financial
institutions will be significantly enhanced.
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Western Union will offer Online Resources’
banking clients an expedited payments services that will include
same-day delivery and posting to a wider range of prominent billers
in the mortgage, credit card, auto finance, telecom, cable, utility
and other industries.
“Payment channels are evolving quickly as
originators and consolidators are finding new ways to impact the
speed, cost and accuracy in all bill payment channels,” said David
Shapiro, SVP of Western Union Payments.
“By integrating our expedited payments network
with a market leader in online banking, Western Union and Online
Resources can offer a powerful tool for the entire payment
industry.”
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