ARKSYS and TriSense Software Ltd. today announced a strategic alliance to provide TriSense Software’s electronic bill presentment and payment solution, PaySense, to U.S. mid-range financial institutions in conjunction with ARKSYS’ commercial cash management and personal banking solutions.
ARKSYS and TriSense have complementary product offerings that serve both commercial and retail banking businesses. Under the terms of the alliance, ARKSYS will market the PaySense system to its existing and potential mid-sized financial institution customers together with its own commercial and retail offerings.
TriSense, a financial systems software company, specifically designed the PaySense solution to enable banks to deliver electronic bill presentment and payment services directly to their commercial and retail customers. With PaySense, banks can control all aspects of the service, including the biller relationship, management of the biller’s data and service fee pricing. PaySense allows banks to increase ACH and other fee income while offering unparalleled savings and control to billers and convenience and value to individual bill payers.
“We believe this alliance complements ARKSYS’ commercial banking solution, Commercial-ACCESS, and our home banking solution, Personal-ACCESS, providing financial institutions with a comprehensive Internet banking solution,” said Mary H. Rose, vice president of Business Development with ARKSYS. “Bill presentment is perhaps one of the key strategic factors impacting banks’ future role in both cash management and payment processing.”
ARKSYS’ Commercial-ACCESS and Personal-ACCESS are designed for the Internet but ready for use as a secure proprietary on-line system. Acting either as an Internet or intranet system, the products provide banking customers with on-line, real-time 24-hour access to accounts and information. The products interface with ARKSYS’ Integrated Transaction Management to provide current on-line, real-time information.
The PaySense system delivers bills and payments via an enhanced e-mail facility that features ironclad security, rapid connection with existing billing systems, guaranteed delivery and reliability, and rich graphical billing capability. “PaySense is the only true bank-centric electronic bill presentment and payment system,” said David R. Lamm, president and chief executive officer of TriSense Software Ltd. “We’re delighted that this alliance will bring bill presentment to the mid-range banking market along with ARKSYS’ broad Internet banking solutions.”
The alliance enhances the commercial and home banking services that financial institutions can offer and provides a complete financial management solution for Internet banking customers. Institutions can gain the ability to strengthen relationships with customers through Internet banking products.
About the Companies
TriSense Software Ltd. is a Minneapolis-based financial systems software company founded in 1996 by David R. Lamm after the sale of his former venture, Document Solutions Inc., a company that developed check “image statements” for community banks. Building on this expertise, TriSense developed the PaySense electronic bill presentment and delivery system for banks and financial service companies. Its staff includes personnel with more than 125 years of bank-related experience. Visit TriSense Software’s Web site at [www.trisense.com].
ARKSYS offers Integrated Transaction Management (ITM), a family of payment and transaction processing solutions. ITM provides functionality that allows U.S. mid-range and off-shore locations of large International financial and nonfinancial institutions to facilitate customers’ on-line, real-time transactions twenty-four hours a day, seven days a week, from a variety of devices. ARKSYS’ ITM processes and manages retail delivery operations including card and client management systems, international credit card, debit card, ATM and POS management; merchant management; electronic funds network solutions, on-line and intercept processing; access solutions, interactive voice response, Internet/intranet/extranet personal banking and bill payment; Internet security; and wholesale delivery with Internet/intranet/extranet commercial cash management. The company’s offerings are established in more than 70 countries. Visit ARKSYS on the World Wide Web at [www.arksys.com]. ARKSYS, Integrated Transaction Management and ITM are trademarks of Arkansas Systems Inc. TriSense and PaySense are trademarks of TriSense Software Ltd.