Financial Services: Online Bill Payment Service Launched
Bangkok Post (08/16/00) No. 824 p.24; Koller, Mike
Advanced Business Exchange (ABX), a unit of Metro
Systems Corp. (MSC), has established an online bill-paying
facility with the Bank of Asia (BOA) to be located at
ThailandBills.com and Thaib2b.com. The service, which is aimed
at both individuals and large businesses, has captured
commitments by GE Capital, furniture vendor MDEC, and computer
vendor MD Online. BOA handles clearing and settlement, while ABX
deals with the payment system. MSC has dedicated approximately
150 million baht to equipment. GE Capital is applying the system
to allow individual customers to pay bills. Fees for the service
are based on an initial payment, monthly fees, and transaction
fees. ABX is working on another service with Siam Commercial
Bank.