LONDON, January 28 /PRNewswire/ -- VocaLink, the international payment transaction specialist, today announced that it has launched a new online portal, MyBillsOnline, which enables consumers to view their bills and statements in one place regardless of which financial institution they bank with. The launch of the new service follows VocaLink's recent announcement that it has bought out its joint venture partner, Fiserv, to become the sole owner of OneVu, the consolidated electronic bill and data presentment service.

The OneVu service already operates through major banks, such as Lloyds Banking Group and the Royal Bank of Scotland, and the launch of MyBillsOnline will enable billers to further increase consumer adoption of their own electronic billing services. Electronic billing extends customer choice, boosts cash flow and helps enhance corporate image. For the consumer, MyBillsOnline will allow users to effectively manage their finances online by viewing, tracking and managing their bills from one secure site.

Fred Bar, Managing Director for Euro Services comments, VocaLink's new MyBillsOnline service supports our customers' desire to view and manage all their bills in one secure place. We believe that the addition of MyBillsOnline will help billers to serve customers better, strengthen existing relationships and enable them to enjoy the benefits associated with billing their customers electronically.

About VocaLink

VocaLink is a specialist provider of transaction services to banks, their corporate customers and Government departments. It processes domestic and international automated payments and provides ATM switching solutions. On a peak day, the VocaLink automated payment platform processes over 90 million transactions and over half a billion in a month. Its switching platform connects the world's busiest network of over 64,000 ATMs. Its Real-Time Payments platform provides the central infrastructure for the UK Faster Payments Service. VocaLink is working with BGC (Bankgirocentralen), to provide outsourced processing for the majority of Sweden's domestic payments.

Having pioneered electronic payments over 40 years ago, many of the world's top banks and their corporate customers have grown to rely on VocaLink to meet their transaction needs. Its processing services offer banks reach throughout the Single Euro Payments Area (SEPA) and beyond; and are complemented by value-added services that leverage industry expertise and technical capabilities.

VocaLink collaborates with the Centre for Economics and Business Research (CEBR) to produce a monthly index tracking take-home pay inflation in the UK. It is compiled from the salary payments of a sample of FTSE 350 companies. The VocaLink Take Home Pay Index is used by economists, analysts and the media. Pay inflation is an important aspect of the UK's economic performance and is one of the components that drive the Monetary Policy Committee's monthly interest rate decision.

Please visit http://www.vocalink.com for more information

SOURCE: VocaLink

CONTACT: Notes to Editors: For further information, please contact:Suzanne Hewitt, Hotwire, +44(0)20-7608-2500 or vocalinkuk@hotwirepr.com,Deborah Souter, VocaLink Limited, +44(0)870-920-8651 ordeborah.souter@VocaLink.com