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Global Financial Innovations Conference Chooses Australian Start Up, Controlabill

Controlabill, an Australian start-up, has been selected to showcase its revolutionary service for managing and paying bills at FinovateSpring in San Francisco in May 2010.

(PRWEB) March 24, 2010 -- Global financial innovation conference, Finovate, has selected Controlabill to showcase its revolutionary service for managing and paying bills. Controlabill is an Australian based start-up founded by Stephen Coulter and Bernard Wright, who bring over 50 years of senior management experience in financial services and utilities. FinovateSpring is being held in San Francisco on May 11, 2010.

We're excited to be going to Finovate and expect the innovative US Market to quickly appreciate the power and value of Controlabill commented Stephen Coulter.

Controlabill is an authorities management, budgeting and payment service leveraging existing billing, payment and banking systems. Patents for Controlabill were lodged with the US Patents Office in early 2006.

Controlabill radically changes the roles in Direct Debit payment systems by allowing organisations bringing Controlabill to market to establish and manage authorities in one place for consumers and billers. Typically this will be a financial services company but could also be an innovative media/new media company, a postal authority, a telecommunications company or an innovative major technology company.

Controlabill is channel independent and provides a central tool for customers to manage all their payment authorities electronically rather than dealing with individual service providers that still use a predominantly paper process.

Controlabill removes huge amounts of paper from the payment and authority management systems contributing to environmentally friendly and sustainable business practices.

Controlabill brings major benefits to Consumers, Service Providers, Financial Institutions and Media comapnies

  • Consumers can pay their bills on the due date in a true set and forget fashion - avoiding late payment fees and can ensure payment whether or not sufficient funds are in their account on the payment date.
  • Service Providers gain quantum savings with guaranteed on time payment compared to the 30%+ of bills that are typically paid late.
  • Financial Institutions drive incremental revenue opportunities, improved customer retention and share of wallet.
  • Media companies can derive detailed customer information to drive advertising and product referrals.

Controlabill will demonstrate at Finovate to leading Venture Capitalists, Financial Institutions and Technology companies from around the world. Controlabill is seeking investments and partners to launch Controlabill in major markets that have common direct debit/payment systems. These include USA, Canada, Europe, India, China, Singapore, South Africa, Australia and New Zealand.

About Finovate
Founded in 2007, Finovate is a series of unique conferences that showcases the best new innovations in financial and banking technology via short, fast-paced demos (no slides allowed) and high-quality networking.


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