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U.S. Central commits $15 million to e-com subsidiary

OVERLAND PARK, Kan. - The U.S. Central Board has approved $15 million in capital for its Corporate Network eCom subsidiary. According to U.S. Central, the commitment was based on member feedback calling for more options in the realm of bill payment. Corporate Network eCom has two core products: Member Gateway,...

By Staff Writer | Updated on July 31, 2001

OVERLAND PARK, Kan. – The U.S. Central Board has approved $15 million in capital for its Corporate Network eCom subsidiary. According to U.S. Central, the commitment was based on member feedback calling for more options in the realm of bill payment. Corporate Network eCom has two core products: Member Gateway, a back-office processing solution for bill pay, and MemberPay, an end-to-end bill pay application including a front-end application and remittance processing services. Currently these two systems support 5,300 bill pay users and have processed 146,000 bill pay transactions for roughly $28 million.

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