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FIS and Oracle Team to Digitize Utility Bill Payments

  • FIS and Oracle are partnering to digitize utility bill payments, eliminating the need for paper checks.
  • FIS' BillerIQ solution, running on Oracle Cloud Infrastructure, will enable electronic bill delivery and digital payment acceptance for utility customers.
  • The utility industry still heavily relies on paper checks, with 75% of organizations using them for bill payments.
  • Using digital payment channels can streamline processes, lower days sales outstanding (DSO), and improve financial health.

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