Lloyds TSB and HSBC are to offer an online bill payment and viewing service that it hopes will soon be used nationwide.
The new system will be offered in conjunction with Voca, the payment clearing house formerly known as Bacs.
The service, which will be available later this year, will allow customers of the two banks to pay all their bills from their bank's website.
"E-billing has been tried and has failed in the UK," Martin Kearsley, the chief executive of OneVu, the company behind the service told ComputerWeekly.com
"One reason why it failed was that it was too ambitious too soon," he explained.
"We would prefer to walk before we run. That is why initially it will be aimed at consumers rather than businesses."
Customers will nominate bills to appear on their bank website so that they can view the details before paying.
OneVu hopes to have signed up nine billing companies by the end of 2005.
According to the company, 60 per cent of the 14 million people in the UK who bank online also pay their bills online.
OneVu now hopes the unified approach will be successful enough to be able to roll it out throughout the country to other banks and building societies.
Lloyds, HSBC offer new online payment service
Financial Services > e-banking > Banking news
Lloyds, HSBC offer new online payment service
Tue, 12 Apr 2005
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