SunTrust and eBillme Reveal New Revenue Opportunities with Alternative Payments

RYE BROOK, N.Y.--(BUSINESS WIRE)--eBillme today announced that it will be sponsoring an industry Webinar titled How Banks and Merchants can Leverage Alternative Payments for a new Revenue Stream on Thursday, September 16 at 1 p.m. EDT. The Webinar will feature Kelly Jurgens, First Vice President of the Enterprise Payments Strategy Group at SunTrust Bank, who will share some of the highlights of their alternative payments pilot program with eBillme, the safest way to shop online and pay with cash using online banking and walk-in locations.

“This is a time when both financial institutions and retail merchants are looking for ways to bring in more revenue and extend their services to customers”

Attendees will have the opportunity to hear how SunTrust tapped into a new revenue stream, found new ways to attract online banking customers, and extended their online banking and online bill pay services using the alternative payment option.

“This is a time when both financial institutions and retail merchants are looking for ways to bring in more revenue and extend their services to customers,” says Marwan Forzley, President and CEO of eBillme. “We have been working with SunTrust, helping them leverage their investment in online banking by taking the security and confidence consumers feel while banking online and bringing it to the online checkout. This Webinar is a unique opportunity for financial institutions and merchants considering alternative payments to hear about SunTrust’s experience and learn about the value-added benefits that come from these payment methods.”

During this 60-minute Webinar, financial institutions and online retailers will learn:

Why SunTrust pursued alternative payments
The objectives and results of the SunTrust and eBillme pilot program
The revenue sharing opportunity for banks
How consumers are spending differently
Opportunities for online retailers to increase sales at the checkout.

“We are very excited to take part in this Webinar and to share our success story with other banks and the eCommerce community,” says Kelly Jurgens, First Vice President of the Enterprise Payments Strategy Group at SunTrust. “Alternative payments have become a strategic component of our online banking model and have opened the door to new revenue opportunities. It’s been a win-win for our business and our clients. We hope to share our experience and shed light on this opportunity for others in the industry.”

To register for the free and informative Webinar, How Banks and Merchants can Leverage Alternative Payments for a new Revenue Stream, please visit https://www2.gotomeeting.com/register/371879514.

About eBillme

eBillme™ is the most secure way to pay online and the only online payment solution that extends the convenience of online banking to the merchant’s checkout process. The service enhances security for online shoppers, and enables merchants to increase sales while reducing transaction costs. No financial data is exposed and the payment transaction is securely transferred from the customer’s bank to the retailer’s bank. Consumers can shop online, by catalog or through call centers, and pay for their purchases at their bank, credit union, or bill pay portal using the security and convenience of online banking or by paying the bill at over 75,000 walk-in locations. For more information, please visit www.eBillme.com, eBillme’s Online Debt-Free Shopping Mall or the eBillme blog.

About SunTrust

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2010, SunTrust had total assets of $170.7 billion and total deposits of $118.7 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.