CommSecure wins $1.7m e-payments utility deal

Stan Beer
Monday, 13 February 2006 08:47

IT Industry - Listed Tech

E-commerce services provider CommSecure Limited (ASX:CMS) has teamed with BPO provider Salmat Limited (ASX:SLM) to win a three-year agreement to provide a utility with electronic bill presentment, archiving and payment solutions.

CommSecure will provide a range of secure electronic commerce solutions to the utility's 2 million customers, including:

·         Electronic presentment of bills to both end customers and the utility's customer service staff, using BillSecure.

·         Online electronic archiving of customer bills, using CommSecure's document storage and retrieval infrastructure and services.

·         Payment of customer bills online, using PaySecure.

·         Payment of customer bills over the telephone, using IVRSecure.

·         Payment of customer bills by direct debit, using DDRSecure.

It is expected that CommSecure will earn approximately $1.7 million over the initial term of the agreement. CommSecure has already commenced implementing the agreement and it is expected that all services to be provided under the agreement will be operational on or before 30 June 2006.

The contract also includes options to extend the service for up to two further years; if these options are exercised it is estimated that CommSecure will earn approximately $2.3 million, over the extended life of the agreement.

'This is clearly a very significant win for the CommSecure - Salmat alliance, and an example of what we can achieve together by bringing our complementary solutions to market in ways that commercially benefit major billers', says Peter Townsley, CommSecure's chief executive officer.