The company has also launched two new additional ‘white label’ products, dubbed UseMyWidget and UseMyServices, which are aimed at merchants that want to use their own branded payment solution.
UseMyBank has developed an online technology which enables customers to purchase items and services online and pay for them using their existing financial services provider. The UseMyBank system can be used with banks which allow for account to account transfers, online bill pay or email money transfers. The company works with resellers who service vertical markets such as retail, airlines, subscriptions, travel, gaming and dating.
“2009 was one of our busiest years with joining 5 more countries and Mexico ready to go live this quarter. Our global merchants have proven that accepting payments from their customers with online banking has lowered their processing costs and increased their sales dramatically. We will continue to add more banks and countries in 2010 with several of the largest US online banks.” Brian Crozier, VP of Business Development, tells The Paypers.
“We are currently in various stages of developments and testing with major international processors/wallets with our white label enterprise solution. We are also marketing our services to the top social network sites to make them aware of the power of instant payments and transfers from online banking for the members. The mobile phone industry and utility billers are all high on our list of companies ready to add online banking payments to their e commerce mix” , he adds.
UseMyBank services are currently available in nine countries, reaching more than 1.6 billion online banking customers around the world.
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