ORLANDO, Fla. (4/18/14)--NACHA--The Electronic Payments Association--recently announced the recipients of its 2014 Payments System Awards.
iPay Solutions is the recipient of the 2014 PayItGreen Award. Bill.com is the 2014 George Mitchell Payments System Excellence Award winner.
"These organizations demonstrate a commitment to increasing the use and promoting the benefits of electronic payments," said Janet O. Estep, president/CEO of NACHA. "We commend iPay Solutions and Bill.com for their leadership and vision in advancing electronic payments and the payments industry."
NACHA's Payments System Awards recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. The awards celebrate outstanding accomplishments and superior leadership in innovation, excellence and promotion of the positive environmental impact of electronic payments, statements and billing.
The PayItGreen Award honors individual or organizational leadership, vision and innovation in the education and promotion of electronic payments, statements and bills to reduce environmental impact.
iPay Solutions was honored with the PayItGreen Award for developing and implementing an online resource center offering marketing and training materials to help its customers better promote the benefits of electronic billing and payments. Over the past five years, iPay Solutions' Resource Center has helped increase subscriber adoption of online bill pay by 300% and use of electronic payments by 150%, providing significant environmental benefits.
The George Mitchell Payments System Excellence Award, named after former vice-chair of the Board of Governors of the Federal Reserve George Mitchell, an early proponent of electronic payments, honors an individual or organization that has shown superior leadership in the development, implementation or advancement of electronic payments.
The 2014 George Mitchell Payments System Excellence Award is presented to Bill.com for its efforts to increase adoption of electronic payments by small and medium-sized businesses and enterprises. Bill.com is helping to promote ACH payments through a service that automates the end-to-end processes for payables, receivables and cash flow--saving companies up to 50% of time typically spent on financial back office operations.