Sunday, March 4, 2012

WESTERN UNION TEAMS WITH YODLEE FOR EXPEDITED BILL PAYMENT.

Englewood, Colo.-based Western Union Co. and Redwood City, Calif.-based Yodlee Inc. a company that provides Web-site software for financial institutions, this week announced a partnership to provide expedited online bill-payment services to banks. Drawing upon Western Union's relationships with more than 4,000 billers, the service will allow banks to offer customers same-day or next-day payment of online bills, which can take up to several days to process when banks lack direct relationships with billers, the companies say. Western Union will process and settle the payments. Banks will set the prices for the service. A Yodlee spokesman says his company's partnership with …

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