Bill Payment is a built-in feature of SumxNet™. This feature allows your banking customers to pay any bill electronically through your online bank-branded bill payment product. With SumxNet Bill Payment, the bank has complete control over electronic bill payment. The bank decides when and if to activate bill payment, who can receive payments and how those payments will be made

SUMX'S PRINCETON ECOM BENEFIT

Sumx uses Princeton eCom for the third-party settlement and disbursement of electronic payments. Princeton eCom has established itself as a leader in the field of electronic payment processing, recently receiving the prestigious Quality Service Award from Discover Card. Some of Princeton eCom's clients include Sears, Fleet Bank, Discover Card and NationsBank. Using Princeton TeleCom eliminates the middle vendor which helps you manage the bottom line of your Internet Banking System. You pay only for the payments your customers actually make instead of buying a set number of payments your customers may or may not use.

As an added incentive, RapidPay™ allows customers to pay your bank commercial customers with NO FEES charged to your bank. Sumx easily routes the payment from the retail customer account to the chosen customer commercial account to save you time and money. This cuts costs and creates an opportunity for businesses to open an account with your bank.

PAYMENT METHODS

RapidPay

Allows you to route an internal ACH transfer from a retail account to a commercial account at no charge to your bank.

Electronic Transfer

Conduct payments via Princeton TeleCom for a low fixed cost when the payee is registered as an electronic vendor.

Paper Drawn

Allows your customers to pay any person or company in the United States via Princeton ecom. Postage is also included in the check drawn fee.