Alogent has announced the launch of MyBusiness by Alogent. A real-time mobile invoicing and payment solution designed for small- to mid-sized businesses (SMBs), MyBusiness by Alogent is the result of a strategic technology partnership with ebpSource, the provider of electronic billing and payment solutions for national and international financial institutions, payment processors, central banks and high-volume billers.

“The emergence of fintechs continues to change and shape the retail banking landscape, and the disparity between what SMBs need to be successful, and what traditional FIs offer, is becoming more apparent,” said Jason Schwabline, Alogent’s Chief Strategy Officer. “MyBusiness by Alogent disrupts this space, keeping the FI relevant in the business’ day-to-day rather than forcing them to look to third-party fintechs to satisfy the capabilities gap. Designed specifically for the SMB, the solution simplifies a previously time-consuming and cumbersome process, giving the business owner ‘their Saturday back’ with an offering that keeps the business within their trusted FI’s payment network, and strengthens the valuable relationship between the FI and their customer.”

MyBusiness by Alogent is available to banks and credit unions as an integrated capability within an existing mobile banking app, with future plans as a standalone app, and enables the acceptance of a broad range of payments such as credit and debit cards, cash and checks. With the ability to create, send and store invoices directly on a mobile device from the field, the business owner is no longer bound to the traditional office, speeding the billing and collections process and increasing liquidity.

“This strategic partnership marries Alogent’s leading digital banking capabilities with ebpSource’s latest e-billing and e-payment solutions, providing a platform for real-time invoicing and payment in a rapidly growing niche market,” said Dede Wakefield, Alogent’s CEO.

MyBusiness by Alogent supports the integration of a contact database and inventory management system, facilitating immediate reporting and access to payment data, eliminating errors and backlogs.

“MyBusiness by Alogent delivers simplicity and convenience to the SMB with capabilities that support a faster invoice to payment cycle,” said John Di Sebastiano, ebpSource’s Co-founder. “This is a unique offering that will differentiate the retail bank or credit union, keeping it competitive with a scalable solution that can sustain as the SMB matures.”

Alogent, visit www.alogent.com/bank-solutions/my-business-by-alogent

by Bill Boyle
IBS Intelligence Senior Editor
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