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New ePayments Solution for Asia Pacific
Sydney, June 2002 - The Australian-based company, Sienna Technologies,
(part of Clear2Pay) has launched a new electronic payments solution,
enabling banks to securely receive and validate payments of any
size, in any format.
Although Sienna's newest ePayments solution is publicly released
today, the company has been demonstrating it, under non-disclosure,
to several banks and financial institutions throughout Asia Pacific,
and reports that interest has been very high.
In fact, Sienna is in final negotiations with several major financial
service organizations both here in Australia and in Singapore, Hong
Kong and Thailand.
The Sienna ePayments solution includes:
- Complete automation of payments processing
- Online balance checks
- Option to warehouse payments for later processing
- Validation and limit checks on all payments
According to Nigel Holman, Sienna's Chief Executive Officer, the
ePayments solution is set apart by the combination of ease-of-use,
the inherent security features, reliability and the flexibility
of configuration.
"Major banks and financial service organizations have chosen
us to handle the receipt and delivery of critical payment files
and the value of such transactions runs into billions of dollars
every day," said Holman
For almost fourteen years, Sienna has specialized in providing
electronic delivery and payment solutions to leading banks, clearing
houses, healthcare and insurance organizations and today, the company's
blue chip client list includes some of the largest banks and financial
institutions in the Asia Pacific region.
Currently, more than 8,000 billers accept BPAY payments. In a typical
month, Australians use BPAY to pay over 7.5 million bills with a
value of more than $3 billion. Of these transactions, 53 per cent
are processed through Internet banking services. Approximately 2.8
million Australians are registered Internet banking customers.
For further information, please contact:
Antonija Plantosar
Sienna Technologies
E:
T: (+61) 2 9026 0140
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