An online payment option service, eBillme, is now offering a revenue-sharing program for financial institutions, bill-pay portals and walk-in networks. Under the program, eBillme will offer a revenue share for each eBillme transaction generated by the third party. Financial institutions can make better use of their investment in online banking, expand their online bill-pay offerings and generate new revenue, according to the vendor. EBillme gives consumers a secure way to pay with cash online. A pilot program, launched over the summer, included a number of major banks and walk-in providers, drawing on their online, e-mail and print channels to offer the eBillme credit card alternative to their customer base. The revenue-sharing program has also launched on community sites and will be expanded to include more banks, bill-pay portals and walk-in providers, eBillme said. The company's service is intended to enhance security for online shoppers, while giving merchants the opportunity to boost sales and reduce transaction costs. No financial data is exposed, and the payment transaction is securely transferred from the customer's bank to the retailer's bank.
