The move will help financial customers deliver better online banking and bill payment options.
Yodlee and Postilion, a division of S1 (NASDAQ:SONE), have joined forces to integrate Yodlee PersonalFinance and Yodlee DirectPay into Postilion's retail and business Internet banking solutions. The joint solution will enable Postilion's' financial institution customers to deliver better online banking and card-based online bill payment options.
Yodlee PersonalFinance helps consumers easily manage spending, set budgets, monitor transactions, review cash flow trends and predictions, and guard against fraud. DirectPay is Yodlee's proprietary card-based payment network, offering end consumers the flexibility of later bill payments, the ability to earn rewards points, and same-day payment credit.
"Today's community bank and credit union consumers and small business customers demand a richer, full featured self-service banking and payments offering, including the ability for more automated, holistic financial management and more control and flexibility over payments," Pierre Naude, senior vice president and general manager at Postilion Americas, said in a statement.