M&I Bank’s treasury management group has selected US-based Software-as-a-Service (SaaS) online payment platform provider Aliaswire’s DirectBiller product to deliver an electronic bill presentment and payment solution for its business clients.

M&I Bank 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 security standards.

M&I Bank business customers can choose from an array of configurations, receive reports, and take advantage of time-to-market while offering end-customers multiple options for accessing and paying bills, including by Web, phone, or agent.

Andrea Hatcher, senior vice president of treasury management services at M&I Bank, said: “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. 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.”

Hoss Mohsenzadeh, CEO of Aliaswire, said: “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.”