Comerica Jumps Into the E-Billing BusinessFinancial giant Comerica Bank yesterday announced that it would offer corporate firms a business-to-consumer Internet billing service after penning an agreement with e-billing software firm Derivion.
The Web-based system allows businesses to receive online payments from consumers.
Derivion owns the inetBiller program, which the Atlanta-based firm says will cut back on paper usage and checks processed by personnel -- saving e-businesses money on overhead costs.
Comerica, Detroit, says clients that have voiced a need for a BTC billing service sparked the deal.
The announcement by the two firms marks the increasing competition among companies wishing to establish a BTB niche in the Internet billing software market.
"There is a broad vista of opportunity in the electronic billing area," said Robert Doestch, spokesman for Comerica. "Your definitely going to see more solutions of this kind announced in the future."