Yodlee, Postilion Partner on PFM, Card-Based Online Bill Payment

"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," said Pierre Naude, Senior Vice President and General Manager, Postilion Americas. "Yodlee has demonstrated leadership in delivering easy-to-use PFM capabilities and card- based bill payments and we are pleased to announce our partnership with them to deliver our customers these enhanced bill payment options, as well as new fee income opportunities."

"Research shows that a majority of users want PFM and card pay capabilities as a feature of their online banking solution," said Anil Arora, President and CEO of Yodlee, Inc. "Working with leading channel partners like Postilion enables us to make this functionality available to a broader bank and consumer segment. Consumers can finally gain control over their finances, and the ability to make payments how and when they want; while financial institutions can greatly improve customer satisfaction and open up valuable new sources of revenue."