FIRST UNION SELECTS DERIVION

Derivion and First Union will provide EBPP to small and mid-size billers. First Union will leverage Derivion’s inetBiller service offering to deliver a turnkey electronic billing system supporting its strategy to provide Internet-based billing to companies. InetBiller service is designed to provide EBPP implementation, including electronic bill design, e-mail notification, bill presentment, payment processing, enrollment marketing and customer care.