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VeriSIM at the heart of UK banking's future development


19 January 2005 --OneVu Ltd., created to develop and promote online bill viewing and payment through UK high street banks, has chosen VeriSIM to create a live simulation of its new service. VeriSIM's simulation solution provides OneVu with a comprehensive sales demonstration to illustrate to banks, and billing organisations, how the service will operate both generally and in terms of their own customer's experience.

OneVu is the UK's first bank-centric consolidated electronic bill presentment and payment service which allows bank customers to simply view, track and pay all their bills within their usual online banking service. OneVu is a joint venture that combines the recognised operational excellence of Voca (formerly BACS Ltd) with the global electronic billing experience of CheckFree Corporation.

The arrival of OneVu marks an innovative step forward in electronic presentment processing which will enable improved take up of e-payment with significant benefits for banks, billers and customers alike.

The selection of VeriSIM's solution is a major boost for the company, confirming its strength as a market leader in the provision of strategic simulation solutions to the financial services sector.

OneVu is already working with two leading banks, Lloyds TSB and HSBC, to develop the service, which is expected to become the major platform for online bill presentment and payment in the UK.

'OneVu sits within the heart of the UK payment industry - Voca. As such, we offer unrivalled neutrality and security, linking all major UK billers with the UK banks. With a sophisticated and rapidly growing population of online bank users seeking new innovative services while 'at the bank', a natural extension seems to be the ability to see bills as well as pay them. OneVu will be the de-facto standard for consolidated presentment services in the UK,' explained Martin Kearsley, Chief Executive of OneVu.

'Our OneVu service is world-class, as is the simulation solution provided to us by VeriSIM. The VeriSIM solution is an important element of our new business campaign and we were impressed by the speed and quality of service which they provided to us.'

James Anderson, chief executive of VeriSIM, commented: 'We are delighted to work with OneVu in this way, and we look forward to building a successful relationship as they roll out the new service to an increasing number of banks, billers and millions of their customers.

'Our solution is revolutionary in its field. It is simple to use, and delivers real results. Banks are discovering that our simulation solutions help to convert a larger proportion of potential customers and drive up use of the transactional functions as well.'

The deal is the latest of several achieved by VeriSIM, who have recently announced similar contracts with many leading UK banks and financial institutions.


About VeriSIM
Strategic solutions through simulation
VeriSIM is the leading provider of strategic simulation solutions to the financial services sector. VeriSIM's unique solutions are used throughout the application lifecycle, in the prototyping, training and promotion of large projects, to help businesses benefit earlier from their investment in IT.

Its solutions have brought benefit to a wide range of clients including The Royal Bank of Scotland, HSBC, Sainsbury's Bank, Intelligent Finance, Standard Chartered, Halifax, OneVu, Dunfermline Building Society, Bank of Scotland and Tesco Personal Finance.

VeriSIM is a privately-held company headquartered in Rosyth, near Edinburgh, Scotland www.verisim.com


About OneVu
OneVu was created to develop and promote online bill viewing and payment through UK high street banks. In a unique joint venture, OneVu combines the recognised operational excellence of Voca (formerly BACS Ltd) with the global electronic billing experience of CheckFree Corporation. It's the ideal partnership for delivering a high-quality service with the most rigorous<


Publisher Contact Information:

VeriSIM Limited
+44 (0)1383 427 607
jonathan.kerr@verisim.com

Company profile of VeriSIM Limited
Past press releases of VeriSIM Limited.

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