Checkfree Delivers Thailand’s First B2B EIP Service
Siam Commercial Bank (SCB) has selected CheckFree i-Series to deliver Thailand’s first bank-hosted, business-to-business electronic invoicing and payment (EIP) service. SCB is the first bank in the country to offer an e-billing service that is specifically focused on the business community, starting with the bank’s own corporate customers. One of the drivers in SCB’s decision to launch a business-based service was the growing demand for the type of support tools that only electronically based billing services can provide. These include single internet banking sign-on, multiple file format downloads, invoice queries and dispute handling, flexible payment options, data analysis, customised reporting, account hierarchies, split billing and further payment functionality to support cash management and customer account management processes. SCB’s new e-invoicing service is expected to go live in April 2005.