M&I Bank Partners with Aliaswire to Deliver Electronic Bill Presentment and Payment to Business Clients

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Tue Apr 6, 2010 12:02am EDT

DirectBiller allows for fast implementation, flexible configuration, and
efficient Aliaswire - DirectBillerTM payment processing
CAMBRIDGE, Mass.--(Business Wire)--
Aliaswire Inc. today announced that M&I Bank`s Treasury Management Group has
selected Aliaswire`s DirectBiller product to deliver an innovative electronic
bill presentment and payment solution for its business clients. 

M&I Bank, a recipient of six national and two regional Greenwich Associates'
Excellence Awards for Middle Market Banking, is using DirectBiller to enable
business clients of all sizes to present bills online and collect electronic
payments using a hosted platform that provides customer flexibility while
meeting the highest security standards. M&I Bank business customers can choose
from an array of configurations, receive comprehensive reports, and take
advantage of rapid time-to-market while offering end-customers multiple options
for accessing and paying bills, including by Web, phone, or agent. 

"With the addition of the Aliaswire solution, M&I Bank will begin offering
electronic bill presentment and payment to our small and mid-market business
clients," said Andrea Hatcher, senior vice president of Treasury Management
Services for M&I Bank. "In addition, DirectBiller provides us the fastest
deployment time, and great flexibility to address the electronic payment needs
of our clients in healthcare, government, utilities, and many other vertical
markets." 

"We are pleased that M&I Bank selected DirectBiller based on its significant
value proposition for financial institutions including increased revenue and
deposits from business customers," said Hoss Mohsenzadeh, CEO of Aliaswire. "It
is yet another validation of DirectBiller`s fit with the midsize business
market. DirectBiller enables the fastest implementation of biller direct
services in comparison to our competitors in the marketplace today so billers of
all sizes quickly see the benefits of improved customer service, efficient
payment processing, and rapid adoption." 

About M&I Bank.

M&I Bank is an affiliate of Marshall & Ilsley Corporation (NYSE: MI), a
diversified financial services corporation headquartered in Milwaukee, Wis.,
with $57.2 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the
largest Wisconsin-based bank, with 192 offices throughout the state. In
addition, M&I has 53 locations throughout Arizona; 33 offices in Indianapolis
and nearby communities; 36 offices along Florida`s west coast and in central
Florida; 15 offices in Kansas City and nearby communities; 26 offices in
metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in
Las Vegas, Nev. M&I`s Southwest Bank subsidiary has 17 offices in the greater
St. Louis area. M&I also provides trust and investment management, equipment
leasing, mortgage banking, asset-based lending, financial planning, investments,
and insurance services from offices throughout the country and on the Internet
(www.mibank.com or www.micorp.com). M&I`s customer-based approach, internal
growth, and strategic acquisitions have made M&I a nationally recognized leader
in the financial services industry. 

About Aliaswire

Aliaswire Inc. operates a next-generation Platform as a Service (Paas) to
deliver payment solutions in the areas of personal electronic payments,
commercial electronic payments and underbanked electronic payments through its
mPay, PayVox and DirectBiller solutions. The company offers a highly scalable,
secure and redundant platform that can be simultaneously accessed through the
web, voice, wireless and CSR channels. Headquartered in Cambridge,
Massachusetts, Aliaswire is an ISO 17799, and PCI level 1-certified processor.
For additional information, visit http://www.aliaswire.com. 

All trademarks are property of their respective holders.

Aliaswire
Xenia Kwee, 617-850-9515
Director of Product Management
xkwee@aliaswire.com
or
M&I Bank
Sara Schmitz, 414-765-7831
Public Relations Manager
sara.schmitz@micorp.com

Copyright Business Wire 2010

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