August 01, 2014 12:14 PM ET

Internet Software and Services

Company Overview of Allied Payment Network Inc.

Company Overview

Allied Payment Network Inc. provides online bill payment services to financial institutions and consumers. Its products and services include a walk-up bill payment system designed for use by financial institutions, such as banks and credit unions to make payments on behalf of customers who are not online bill payment customers; custom user interfaces for retail bill payment; small business bill payment services; back-end payment processing; and a real-time Web-service lookup service that allows Websites to provide users with information about what payment options are available and how long a payment will take to get posted with the biller. The company was founded in 2010 and is based in Fort...

3201 Stellhorn Road

Northeast Indiana Innovation Center

Fort Wayne, IN 46815

United States

Founded in 2010

Phone:

260-399-1618

Key Executives for Allied Payment Network Inc.

Executive Vice President and Board Member
Age: 70
Vice President of Credit Union Services
Senior Vice President of Sales
Compensation as of Fiscal Year 2014.

Allied Payment Network Inc. Key Developments

Allied Payment Network Inc. Appoints Joe Bellavance as Vice President of Credit Union Services

Allied Payment Network announced that Joe Bellavance has joined the company as its vice president of Credit Union Services. Bellavance will be responsible for supporting the sales and marketing efforts surrounding Allied's online and mobile bill pay solutions, specifically within the credit union space. Allied has realized significant market adoption of its Picture Pay(R) mobile photo bill pay solution among community financial institutions and has tapped Bellavance to manage continued growth within the credit union sector.

FI-MOBILE Partners with Allied Payment Network to Bring Picture Pay(TM) to its Financial Institution Customers

Allied Payment Network announced that FI-MOBILE has integrated Allied's Picture Pay(TM) into its mobile banking offerings, enabling FI-MOBILE's end users to pay any bill by simply taking a picture of the bill with their mobile device. Picture Pay seamlessly integrates within FI-MOBILE's mobile banking solution, providing a quick and simple integration process for FI-MOBILE's financial institution customers. FI-MOBILE's end users can then instantly sign in to their institutions' mobile app and pay any bill with just the snap of a photo.

Allied Payment Network Announces Latest Reseller Partnership with MoadBus Inc

Allied Payment Network announced its latest reseller partnership with MoadBus Inc. MoadBus will now offer Allied's Picture Pay(TM) to its diverse client base, enabling consumers worldwide to pay any bill by taking a picture of the bill with their smartphone. MoadBus will integrate Allied's Picture Pay within its Enterprise Mobility Suite of online and mobile banking solutions for retail and commercial banks, credit unions and co-operatives, private and government banks. MoadBus partnered with Allied to expand upon its traditional bill pay offerings and provide its financial institution customers with an efficient yet cost-effective alternative Internet and mobile bill pay solution. With Picture Pay, users simply take a picture of the bill, enter the amount and payment date, and the bill is paid. After implementing Picture Pay, financial institutions have reported an increase in bill pay and mobile adoption rates, as well as an increase in customer retention. Furthermore, Picture Pay users have the option to expedite payments, generating additional fee revenue for MoadBus' customers while increasing convenience for the end user.

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Recent Private Companies Transactions

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Date
Target
Private Placement
May 22, 2014
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Private Placement
December 26, 2013
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