RPPS UpdateMasterCard Logo
RPPS TaglineSpring 2003 Edition


From Where I Sit
MasterCard RPPS Delivers

Spotlight On
Princeton eCom

Spotlight On
CCCS of Greater Atlanta
NEWS REPORT
MasterCard RPPS Continues to Add Value with Wide Variety of Service Enhancements
NEWS REPORT
First Meeting of RPPS Credit Counseling Advisory Group Addresses Electronic DMPs
NEXT STEPS
MasterCard RPPS Appeals Directly to Billers in New Biller Awareness Campaign





Princeton eCom


Flexible offerings, a commitment to open standards, and the support of MasterCard RPPS form the Princeton eCom blueprint for current and future EBPP success.

With nearly two decades' experience, first as a processor of electronic bill payments, then as one of the early firms offering complete electronic bill payment and presentment (EBPP), Princeton eCom has emerged as a major player in a highly competitive industry, posting an annual growth rate of over 50%. Now, in partnership with MasterCard RPPS¨, it has taken a leadership position in promoting open standards and the industry growth they foster.

Located in Princeton, New Jersey, the company has over 100 billers live or in the process of implementation. It also provides reliable, cost-effective back-office "pay anyone" support for more than 1,300 financial institutions, and the ability to process electronic payments to over 3,600 national billers. Today, Princeton eCom presents over 2.0 million bills and processes more than 5.5 million total payment transactions online every month.

An active and enthusiastic participant in the MasterCard RPPS network, Princeton eCom began by leveraging RPPS's broad distribution in support of its payment capabilities. In January, the company came live with bill presentment on the RPPS network.

"We see RPPS as a very important component of our value chain," said Ron Averett, president and COO, "improving our overall efficiency and productivity, enhancing our product offerings, generating cost savings, and helping to move the industry forward."

Princeton eCom delivers a broad selection of innovative, value-added services across a wide variety of industries and markets. Its fully integrated and highly flexible solutions serve some of the most prestigious companies in the United States.

"Our core capabilities are EBPP and payments," said Averett. "For banks, our 'pay anyone' product provides the payment engine behind a financial institution's home-banking front end. For billers, ePayBillTM supports both direct bill distribution at the biller's site, as well as broader distribution through our relationships with companies like RPPS. Also, eCollect¨, another EBPP product, enables billers to more efficiently collect overdue receivables or process individual payments from their customers."


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