The TekPortal EBPP module provides the most cost effective, and comprehensive electronic bill presentment and payment solution. An Financial Service Provider (FSP) deploying TekPortal EBPP will dramatically lower its electronic bill payment cost over typical outsourced payment solutions. TekPortal EBPP presents data from over 2,000 billers on a consolidated bill summary page and allows the user to pay the bill either through an autologin to the biller web site (biller direct) or connection to the FSP payment system. TekPortal EBPP does not have a fixed monthly cost/user as 3 rd party payment systems have. The FSP can stop viewing bill payment as a necessary, large expense that gets larger with each new customer and start viewing it as a customer convenience service.
Tower group statistics on biller direct show:
- 98% of electronic bills are viewed at the biller site
- 80% of all electronic payments are done at the biller web sites.
TekPortal EBPP supports the consumer trend of paying bills at the biller site, biller direct. TekPortal EBPP makes this consumer preference easier, by providing a single bill presentment page with all bill data in one place, then providing auto-login capability for ease of payment.
Benefits
FSP value:
- Significantly lower cost: No per bill or fixed user monthly cost. An FSP deploying TekPortal EBPP will realize significant savings over outsourced 3 rd party payment systems.
- FSP can provide a free EBPP service supporting the consumer trend of bill direct.
End user value:
- Consolidated view of all bills, direct from biller sites
- Easy payment of all bills, as the consumer wants to pay – through biller direct.
Features
- TekPortal EBPP presents nearly 2,000 bills – and supports payment the way consumers want to pay, at the biller site.
- Patented TekPortal EBPP offers robust alerts flexible enough to support how the user wants to get alerts including:
- Alert on new bill
- Alert when bill almost due (within a fixed number of days)
- Alert whenever bank account balance drops below a threshold.
- Alert service usage goes above threshold (eg. cell phone monthly usage goes above 800 minutes).
- Alert when credit balance exceeds a limit
- Users can view an income statement view of their bills, consolidated on a single page or view bills by due date. Other bill manage features include
- Categorization – allowing users to view expenses by budget category, providing customers insight into how they spend their money.
- History – Users can view bill history by payee and category, allowing consumers to see trends and make corrections in their spending behavior.
Why Teknowledge for EBPP?
- Teknowledge has delivered bill payment and presentment solutions for over 5 years.
- TekPortal EBPP is based on the industry’s leading account aggregation product, TekPortal Aggregation, providing a robust infrastructure for EBPP.
- Teknowledge is an established company with over 20 years in business successfully delivering and supporting our customers.
Additional product information can be downloaded. 
Contact Teknowledge for additional information.
