Atlanta, GA – Oct. 12, 2011 – 3i Infotech Billing & Payments, a leading provider of software and solutions for the end-to-end corporate revenue chain, announced today that the company’s revenues were a key contributor to its former parent company’s ranking at #47 on the FinTech 100. 3i Infotech Billing & Payments was sold in June 2011 and is now an independent, standalone company.
This annual international listing identifies the top vertical technology vendors that derive more than one-third of their revenue from the financial services industry as named by American Banker, Bank Technology News and IDC Financial Insights. 3i Infotech Billing & Payments revenues were instrumental in its former parent company’s placement on the list, as the rankings cover the 2010 calendar year during which the 3i Infotech Billing & Payments subsidiary was a significant part of the parent company.
“We are proud of our contributions to our former parent company’s FinTech 100 ranking,” said Lynn Boggs, CEO, 3i Infotech Billing & Payments. “We look forward to participation again next year as an independent company operating under a new name and with a renewed focus and redoubled commitment to providing our customers with the most innovative payment solutions in the industry.”
3i Infotech Billing & Payments is the largest provider of outsourced remittance processing, one of the largest third party billers, and a leading provider of payment processing platforms and technology. 3i Infotech Billing & Payments:
• Produces more than 1.1 billion statement images and presents more than 235 million images across customers;
• Mails more than 490 million paper bills, equating to one out of every 25 consumer statements mailed in the US;
• Processes more than 640 million payments, totaling 2% of the nation’s consumer checks or one in every 50; and
• Processes over $300 billion in payments for its customers.
For more information about the rankings, visit www.financial-insights.com/fintech. To view the FinTech Special report, visit www.AmericanBanker.com/fintech100. 3i Infotech Billing & Payments can be found at www.3i-infotech.com/content/services/billing_and_payments.aspx.
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About 3i Infotech Billing & Payments
3i Infotech Billing & Payments combines people, processes and a rich suite of proven technologies to deliver best practices and highly customized solutions for all aspects of a company’s end-to-end revenue chain. Home to the Global Billing & Payments Center of Excellence, the company leverages its deep domain expertise in select vertical markets such as banking, financial services, insurance, government, manufacturing, retail, telecom, healthcare and utilities to deliver the ideal mix of on-site, software-as-a-service (SaaS) and outsourced solutions to serve each customer’s unique needs. 3i Infotech Billing & Payments consists of the subsidiaries formerly known as Regulus Group and J&B Software, and recently became a standalone Cerberus portfolio company.
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