SOURCE: Regulus Group

May 15, 2008 08:00 ET

Regulus Announces Availability of Electronic Payments Solution Capable of Handling Paper and Online Payments Within a Single System

Collaboration With ChoicePay Yields Market's Only EBPP Solution That Addresses Full Bill-to-Cash Lifecycle Regardless of Payment Channel

NAPA, CA--(Marketwire - May 15, 2008) - Regulus Group, the largest independent provider of paper and electronic bill presentment and remittance processing solutions in the United States, today announced general availability of the expanded Regulus ePayments Suite. This state-of-the-art electronic bill presentment and payment (EBPP) solution is capable of seamlessly handling both paper and online presentment and payments within the same system. Regulus forged the solution through a close collaboration and technology partnership with ChoicePay, a provider of comprehensive ePayment services for direct billers and resellers, including payment channels for IVR, Web, CSR, walk-in and kiosks. The Regulus ePayments Suite provides companies with the ability to offer these multiple payment channels through a single vendor.

Through the expanded capabilities of the Regulus ePayments Suite, major billers, such as financial, insurance and utility companies, can now:

-- Offer their customers total flexibility to pay their bills through the method of their choosing, i.e. online, over the telephone or in-person at a walk-in center or kiosk

-- Reduce the time required to reconcile customer accounts, because the combined paper and online payment system creates a single-stream A/R file for every customer

-- More efficiently manage cash flow and float by addressing the full bill-to-cash lifecycle in a single system with a single vendor, regardless of payment method

-- Save money and increase productivity by simplifying the complete EBPP process through one integrated solution

"Sophisticated consumers demand multiple payment and presentment options. For example, a customer may receive a paper bill but prefer to review his balance online and pay over the phone," said Brian Mulford, Chief Product and Information Technology Officer, Regulus Group. "We understand that and have designed our EBPP solution to accommodate the broadest range of bill payment methods and channels. Consumers will always prefer such flexibility and together with ChoicePay, we'll continue to innovate new ways to offer maximum consumer choices while minimizing customers' management requirements."

Electronic bill payment has gone mainstream and consumer preferences for electronic payment channels continue to evolve as the technology advances. Forty-eight percent of payments were made by non-paper methods in 2007. That figure is expected to rise to 64 percent by 2011, according to a recent study conducted by Aité Group, a leading independent research and advisory firm focused on business, IT and regulatory issues and their impact on the financial services industry. (For more insight into EBPP consumer trends, see Regulus' EBPP whitepaper by clicking here or by visiting http://www.regulusgroup.com/PDF/EBPP_White_Paper.pdf).

"Our collaboration with Regulus simplifies and streamlines the entire accounts receivable process, whether it's a paper or electronic transaction," said Greg Adelson, President, ChoicePay. "ChoicePay's leading-edge technology ensures that Regulus customers can meet consumer demands for multiple payment channels with client implementations completed in days or weeks instead of weeks or months, the current industry standard."

Regulus and ChoicePay will demonstrate the expanded Regulus ePayments Suite next week at NACHA (The Electronic Payments Association) Payments 2008 in Las Vegas. Regulus will be located in Booth #628 and ChoicePay will be located in Booth #200. The event runs from May 18-21 at the MGM Grand Hotel & Casino.

The Regulus ePayments Suite is available immediately to new and existing Regulus customers. Customers can easily apply their corporate look and feel to the solution, enhancing brand recognition and end-user confidence. This expanded selection of e-payments, EBPP and related options can be rapidly deployed and scaled by customers as needed, with no investment in technology infrastructure required. Additionally, the expanded Regulus ePayments Suite integrates seamlessly into the Regulus Transactions2 (T2) suite of end-to-end presentment and remittance software and services.

Regulus selected ChoicePay, a Payment Card Industry (PCI) compliant provider, as its e-payment solution partner based upon the strength of ChoicePay's technology, security and compliance. ChoicePay is also highly regarded for the ease-of-use and powerful management capabilities of its payment systems. The foundation of the ChoicePay e-payment platform is an advanced Service Oriented Architecture (SOA) that allows for easy integration with Regulus' T2 solutions, allowing customers to quickly get up-and-running with ePayments products. Additionally, the ChoicePay solution is a proven, standardized platform that still offers more than 300 customizable e-payment settings. This allows Regulus customers to initiate EBPP systems very quickly with precise tailoring to their exact business requirements.

Regulus' T2 suite of products and services provides companies in the finance, healthcare, telecom, utility, and other industries with much greater control and visibility over their billing and remittance processes. The T2 suite creates value at every stage of the transaction lifecycle by increasing access to valuable data and combining traditional paper with state-of-the-art electronic services. One in three FORTUNE 50 companies uses Regulus' services. Regulus stores and receives over four billion images annually and processes over two billion transactions each year and nearly $32 per month of the recurring bills in every American household.

About ChoicePay

ChoicePay, Inc. is an electronic bill payment services provider and a subsidiary of Tulsa National Bancshares, Inc., a federally regulated bank holding company. ChoicePay began as an electronic lockbox for billers in 1996 with the mission of streamlining high-volume bill-payment processes. The company makes available a comprehensive suite of ACH, credit card, and cash payment options via the Internet, bilingual Interactive Voice Response (IVR), bilingual call center, unattended walk-up kiosks, and attended walk-in retail locations. VISA® and MasterCard® International have certified ChoicePay as a Cardholder Information Security Program (CISP) compliant service provider that has met the Payment Card Industry (PCI) Data Security Standard requirements. For more information, visit www.choicepay.com.

About Regulus Group

Founded in 1995, Regulus Group is the largest independent payment processor in the United States, servicing nearly two billion paper and electronic transactions every year for Fortune 500 customers. Regulus delivers an end-to-end solution, starting from release of the customer's billing file for invoicing, through the posting of the associated paper or electronic payment, to support of customer care and collections. By leveraging data from the total payment cycle, Regulus is able to offer value-added services that provide measurable process efficiencies. The company is headquartered in Napa, California, and has offices nationwide. For more information, visit the company's web site at www.regulusgroup.com.

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