FinovateFall 2009 / iPay Technologies
Presenter Profile:
How they describe themselves: iPay Technologies is the leading independent provider of bill payment services to the community financial institution market. Founded in 2001, iPay develops and fully supports consumer and small business online bill pay platforms for more than 3,600 financial institutions.
What they think makes them better: iPay is revolutionizing the way small businesses
manage their back office. Busy entrepreneurs are replacing shrink-wrapped accounting software with iPay’s small business suite, delivered in a SaaS model, behind a single login at their bank or credit union’s website. For just a few dollars a month a small business can now:
- Create and send invoices electronically
- Track receivables
- Accept online payments at a hosted/branded website
- Transfer funds
- Deposit payroll electronically
- Pay bills
- Delegate tasks to an unlimited number of authorized users
- Have direct and immediate access to unprecedented customer support.
Contacts:
Biz Dev: Kelli Schultz, SVP Bus. Dev., kelli.schultz@ipaymybills.com, 866-851-4729 ext. 9224;
Sales: Alix
Hoffman, SVP Sales, alix.hoffman@ipaymybills.com, 1-866-851-4729 ext 9719;
Press: Tracey Weinberg, SVP Internet
Marketing, tracey.weinberg@ipaymybills.com, 1-866-851-4729 ext. 9233
Website: www.ipaytechnologies.com
HQ Location: Elizabethtown, Kentucky
Company Founded: May 2001
Product Being Demoed: Biz 2.0 – a 2nd generation small business suite
Product Launched: November 2008
Metrics: 3,600 financial institutions, Over 1,500,000 end-user subscribers
- Key Executives
William Ready (President), Alix Hoffman (SVP, Sales), Jennifer Roth (SVP, Product Management), Tracey Weinberg (SVP, Marketing), Kelly Vick (SVP, Operations), Priya Jakatdar (SVP, Technology), Steve Hooper (SVP, Payment Strategy), Mike and Dana Bowers (Managing Partners)
Key Stats
- Key Investors
Mike Kennealy (Managing Director, Spectrum Equity), Mike Krupka (Managing Director, Founding Partner, Bain Capital Ventures) Customers: 3,600 financial institutions nationwide. With a 51% market share of Credit Unions with bill pay and a 36% market share of the entire community financial institution market, iPay is clearly the leading bill pay provider for community financial institutions.
- Key Partnerships
Over 50 partnerships through which bill payment services are distributed
- Key Customers
Mike Kennealy (Managing Director, Spectrum Equity), Mike Krupka (Managing Director, Founding Partner, Bain Capital Ventures) Customers: 3,600 financial institutions nationwide. With a 51% market share of Credit Unions with bill pay and a 36% market share of the entire community financial institution market, iPay is clearly the leading bill pay provider for community financial institutions.