Geezeo, an internet banking provider that offers online personal financial management (PFM) and social networking system to community financial institutions, has formed an alliance with Kentucky-based iPay Technologies, a provider of white label online bill payment solutions, to offer expanded bill payment services.
The alliance is expected to create an interface between Geezeo and iPay solutions that offers bill payment services to community banks and credit unions which enable them to strengthen their relationships with consumers.
Geezeo said that its personal financial management suite provides financial institutions with online budgeting and personal finance tracking tools they can share with their customers. Geezeo’s customizable interface with single sign-on capabilities enables consumers to access the suite through their financial institution’s online banking platform.
Shawn Ward, co-founder of Geezeo, said: “This partnership provides a way for community financial institutions to cost-effectively expand the level of service they provide to their consumers. This adds to the value of the institution in the financial life of individual consumers, boosts retention and leads to future opportunities for cross-selling and offering additional services.”
Bill Ready, president of iPay Technologies, said: “Geezeo’s clients have the opportunity to increase the ‘stickiness’ of their relationships with consumers by offering online bill payment services that equal or exceed those offered by larger competitors.”
