| By Jim Bruene on September 13, 2002 1:56 PM | Comments (0) |
MasterCard RPPS
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Scorecard |
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| Founded | 1987, division of bank-owned MasterCard |
| Management | Cathleen Conforti, VP MasterCard RPPS Thomas Carey, VP Sales & Biz Dev. |
| Employees | 4,000+ (MasterCard total) |
| EPP Products | electronic payment processing, presentment |
| EPP Revenues | not disclosed |
| EPP End-users | not disclosed |
| FI Clients | 15,000 (MasterCard total) |
| Address | 2000 Purchase St. Purchase, NY 10577 |
| Phone | (914) 249-5574 (sales) |
| Web site | www.mastercardintl.com/rpps/ |
Launched in 1987 as MasterCard Remittance Processing Service, the company serves as a payment and presentment hub that currently handles most electronic bill payments. In March 2000, the company added electronic bill presentment to its focus and changed its name to MasterCard Remote Payment and Presentment Service, commonly called RPPS. According to the company, it’s connected to 95% of the participants in the EBPP industry.
Most of the 3,000+ U.S. financial institutions offering pay-anyone bill payment use RPPS indirectly, first originating payments through CheckFree, Metavante, or Princeton eCom. The bill payment processors then route most electronic items through RPPS that deposits them in the biller’s account.
RPPS is expanding internationally as well. It has the capability to settle payments in 37 countries, including Australia, Canada, Hong Kong, Malaysia, New Zealand, Singapore, South Africa, the U.K., and the European Union.
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