API, Inc. of St. Paul, Minn., and NBDS/CHEXpedite Payment Solutions of Fort Worth, Texas, have formed a strategic alliance to focus on the delivery of e-mail billing, payment, and settlement services for corporations focusing on communications, transportation, finance, manufacturing, and distribution. The new e-mail billing service is currently being implemented with two large airlines air cargo divisions, and several other corporations are now evaluating its use.
“This new billing, payment and settlement service is a natural extension to API’s business outsourcing solutions, specifically for corporate billing and accounts receivable departments,” said Gary Halleen, President and CEO of API, Inc. “We’re excited to be working with CHEXpedite. The CHEXpedite payment and processing product adds value to our services by allowing for payment by check or credit card of bills sent via e-mail, and can be used for business-to-business or business-to-consumer transactions.”
“API’s comprehensive approach provides a superior, integrated strategy that strengthens the business case for corporations to transition to e-mail billing, payment, and settlement,” says Mike Boggs, NBDS/CHEXpedite Executive Director of Business Development. “We believe that this model will accelerate product acceptance.”
The API/CHEXpedite process allows corporations to bill business clients and/or individual customers by e-mail, and provides the recipient with a detailed online bill. The recipient can select a payment choice, determine payment timing and amount, and authorize the payment, all while online. This process differs from traditional aggregator strategies, and follows the traditional consumer behavior model for bill receipt and payment in the world of paper invoicing and payments.
About the companies:
API, Inc. automates the integration of technologies for the centralization of business processes like shipping, accounts payable, and accounts receivable. The company focuses its efforts on providing turnkey solutions for instant access, retrieval and distribution of information. These solutions exist for the life cycle of the document and extend these capabilities to the end user and the customer.
NBDS/CHEXpedite, Inc.’s primary focus is to provide merchants with electronic payment solutions that reduce cost and increase cash flow and profit, while also improving customer satisfaction. These payment solutions work in the vast majority of business environments including retail point of purchase, back office truncation, mail order/phone order sales, payment of recurring accounts receivable and the Internet.Details