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Yodlee Postilion partner on online banking solutions
REDWOOD CITY, Calif. and NORCROSS, Ga. (5/14/08)--Yodlee Inc. and Postilion, a software solutions provider for more than 1,250 credit unions, announced a partnership to deliver online banking solutions and develop new revenue-generating opportunity through online bill payment. Under terms of the agreement, Yodlee PersonalFinance and Yodlee DirectPay will be integrated into Postilion’s Retail and Business Internet Banking solutions. PersonalFinance helps credit union members manage spending, set budgets, monitor transactions, review cash flow trends and predictions, and protect against fraud. Members manage accounts online through their primary financial institution. DirectPay billers represent more than 40% of major U.S. billers by volume. They allow members to pay roughly half of their bills with a credit card. They also can earn rewards and same-day payment credit. DirectPay also can benefit credit unions as a source of interchange revenue. Postilion’s solutions, including Retail and Business Internet Banking, Voice Banking, ATM Driving, Card Management and Mobile, are packaged and developed to run on a single platform. They are managed on a single portal to meet the needs of credit unions.


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