The launch of the new service follows VocaLink’s purchase of its joint venture partner Fiserv, to become the sole owner of OneVu, the consolidated electronic bill and data presentment service.

The OneVu service already operates through banks such as Lloyds and the Royal Bank of Scotland, and the launch of MyBillsOnline will enable billers to further increase consumer adoption of their own electronic billing services.

MyBillsOnline will allow users to manage their finances online by viewing, tracking and managing their bills from one secure site.

Fred Bar, MD of Euro services, said: “VocaLink’s new MyBillsOnline service supports our customers’ desire to view and manage all their bills in one secure place. We believe that the addition of MyBillsOnline will help billers to serve customers better, strengthen existing relationships and enable them to enjoy the benefits associated with billing their customers electronically.”

VocaLink is a UK-based provider of transaction services to banks, their corporate customers and government departments. It processes domestic and international automated payments and provides ATM switching solutions. Its Real-Time Payments platform provides the central infrastructure for the UK Faster Payments Service. VocaLink is working with BGC (Bankgirocentralen), to provide outsourced processing for the majority of Sweden’s domestic payments.