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News
"Leading Business Publication Says Financial Institutions and Alternative Payment Providers Have Found Common Ground"
7 Jan 2010
A recent article in the American Banker shows that financial institutions and alternative payment providers are working together to develop and deploy new payment options to customers who have grown leery of traditional payment options. (Daniel Wolfe, "Banks and Alt-Pay Rivals Now Pals," January 4, 2010).
President & CEO Ken Mathis pointed to the article as evidence of a "tectonic shift" in the relationship between financial institutions and payment providers. "The profit-making potential of the payments space is literally rewriting the rules of the game. Financial institutions and payment service providers have realized that they can better serve their customers and shareholders by working with, rather than against, one another," Mathis told employees.
Mathis also noted that inXpay's Go-to-Market strategy will enable the company to take advantage of the thawing relationship. "Our approach was designed to be nimble and multi-faceted. We can provide our solutions directly to our community of billers and payers, indirectly through partner financial institutions, or alternatively through financial services providers looking for a B2B e-Invoicing and e-Payments solution."
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