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EF&D Assembled a Virtual Team of Service Providers

By Jim Bruene on March 13, 1999 3:48 PM | Comments (0)

Electronic Funds & Data

Gary G. Glanz, President
365 County Road 39A
Benton Plaza, Suite 16
Southhampton, NY 11968
(516) 287-9300
gglanz@billsite.com
www.efd.com , www.billsite.com

Electronic Bill Pay Volume:
We estimate less than 5,000 per month (plus/minus 50%).

Claim to Fame: The only bill presentment vendor enabling smaller banks to offer complete turnkey solutions to small- and
mid-sized businesses.

Status Report:

  •  EF&D has assembled a virtual team of service providers that
    can handle any or all of a client’s billing needs, from reading the utility meter and collecting walk-in payments to processing electronic payments. EF&D partners include: Access Communications Systems, Home Financial Network, @work Technologies, SafePay, Lockheed Martin (back office data processing), and Specialized Computer Services.
  •  For two years, has been working on a promising program with Suffolk County National Bank (Riverhead, NY; $910 million) to handle billing and presentment for Riverhead Lumber and Suffolk County Water Authority. (OBR 11/97). The lumber project has fizzled but the water dept. signed a 3-year deal on April 2 to present 100% of its bills at EF&D’s Web, www.billsite.com
  •  Offers bill presentment and payanyone services from its billsite.com Web.

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