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MIDDLETOWN, Pa. - A number of corporates are now jumping into the electronic bill pay space, calling it a natural outgrowth of their payment systems role. The first to do it was Mid-Atlantic Corporate FCU back in 1999, and the corporate continues to increase volume. Below is a look at...

By Staff Writer | Updated on October 23, 2001

MIDDLETOWN, Pa. – A number of corporates are now jumping into the electronic bill pay space, calling it a natural outgrowth of their payment systems role. The first to do it was Mid-Atlantic Corporate FCU back in 1999, and the corporate continues to increase volume. Below is a look at the facts and figures related to Mid-Atlantic Corporate’s bill pay program: * Mid-Atlantic’s EBP Service went live in April 1999 with Hershey FCU; * Mid-Atlantic now serves 159 credit unions for EBP, * More than 4,400 natural person credit union members conduct EBP activity through Mid-Atlantic’s system, * Mid-Atlantic serves credit unions in 24 states and Guam, covering five time zones, * For EBP Mid-Atlantic processes approximately 20,000 bills per month, * Mid-Atlantic’s Average Daily Volume increases approximately 10% per month.

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