U.S Based Treasury and Cash Management Banks
| Harbor Payments: |
Michelle Walter |
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Harbor Payments Selected as the Exclusive EIPP Partner by 25% of the Largest
U.S Based Treasury and Cash Management Banks
Atlanta, GA, Apr 13, 2005 – Harbor Payments, Inc., the leading provider of next generation invoice, billing and payment management solutions, has been featured in the 2005 Treasury & Risk Management Bank Services Survey as the most dominant EIPP (Electronic Invoice Presentment & Payment) solution provider to the U.S banking industry.
The annual survey appeared in the April 2005 issue of Treasury & Risk Management. Of the twenty-four largest treasury and cash management banks surveyed, six banks recognized Harbor Payments as their exclusive partner for electronic invoicing solutions. Harbor was credited with having the industry’s most advanced and comprehensive EIPP solution for both Accounts Payable (AP) and Accounts Receivables (AR) clients. Harbor Payments bank partnerships include: Wachovia, Bank of New York, National City Bank, Key Bank, LaSalle Bank and PNC.
“It is a significant endorsement of Harbor Payments dominance in the EIPP marketplace for six of the top twenty-four banks to select us as their exclusive EIPP provider to their treasury clients” stated Caston Jackson, CTO of Harbor Payments.
Major banks go through an extensive due diligence process before selecting a product partner to provide new solutions to their treasury client base. Harbor Payments continues to be selected by the banking industry due to its overwhelming financial and product strength coupled with an impressive list of Fortune 1000 clients."The fact that we are the only provider with a critical mass of AP and AR EIPP clients and that we offer the largest trading partner network in the industry, Harbor Payments is the logical “single source” EIPP partner to the banking industry" stated Colin Rogoff, CFO of Harbor Payments. “Due to our extensive experience with banks and their corporate clients, we have acquired over twenty clients through the banking & financial services channel.”, said Rogoff .
About Harbor Payments
Harbor Payments is an industry-leading comprehensive payment services provider that offers next generation payment management solutions. Harbor Payment’s’ solutions streamline and centralize the complete payment workflow from purchase order generation to payment execution. Headquartered in Atlanta, the company has strategic backing from established industry leaders including First Data Corporation, Marsh & McLennan Companies, Inc., and Fortis, Inc. For more information, please visit the company's web site at www.harborpayments.com