Century Bank Partnership

February 14, 2012

Century Bank partners with Invoice Cloud to offer customers e-billing technology

Industry leaders team up to increase paperless adoption and improve collections.

BOSTON–(BUSINESS WIRE)–Invoice Cloud™ (IC), the leading paperless billing provider in Massachusetts, and Century Bank®, the largest family-run bank in New England, have entered into a partnership agreement to provide industry leading payment and processing solutions to municipalities, utilities and businesses in New England.

Through this partnership, Century Bank, the dominant provider of lockbox services in New England, can offer its clients a comprehensive array of collection services.  Century Bank clients benefit by reducing costs and providing paying customers with 1) an easy to use, optional EBPP service, 2) quick access to replicas of bills online, 3) customized email reminders, and 4) secure online payment options that positively impact the environment. “Century Bank has always strived to provide our clients with access to industry leading solutions that increase productivity, decrease expenses and provide their constituents with an improved customer experience” said President and CEO, Barry R Sloane, “We are extremely pleased to offer our clientele state of the art customized lockbox solutions along with emerging electronic billing and payment processing channels.“

Over 40,000 residents have elected to go paperless with Invoice Cloud in Massachusetts alone. Invoice Cloud established its leadership position by creating a service which provides easy to use electronic bill presentation with ultra-secure but simple online payment. Says Bob Bennett, Invoice Cloud CEO, “We are thrilled to be working with the great group of people at Century Bank. This partnership is a natural match because both companies are dedicated to superior customer service and providing proven solutions that save clients money while making customer’s lives easier.”

About Invoice Cloud:
Invoice Cloud™ (www.invoicecloud.com) delivers invoices electronically and makes it easy for customers to pay their bills online. Municipalities, Utilities and Businesses benefit by saving money on printing and postage, improving cash flow and going green. The service is web-based, which means low maintenance, and is integrated with the billing software making payment tracking and reconciliation simple.

About Century Bank:
Century Bank is a $2.9 billion banking and financial services company headquartered in Medford, Massachusetts.  Century, a preeminent provider of lockbox processing for governmental, utility, cable and insurance companies among others,  operates 24 banking offices in 17 cities and towns in Massachusetts and provides a full range of business, personal, and institutional services. For more information, visit www.CenturyBank.com.

# # #

 

For additional information please contact:

Brian J. Feeney, Executive Vice President

Century Bank

(781) 393-4149

BFeeney@CenturyBank.com

 

Renee Chenue
Invoice Cloud, Inc.
(877) 256-8330 x2525
rchenue@invoicecloud.com