Olameter-Mondex Intl deal creates payment scheme for electric utilities

In an agreement that will pave the way for faster and more efficient e-commerce transactions between Olameter’s partners and their customers, the Montreal-based company has signed a Memorandum of Understanding with Mondex International Ltd. (MXI), a UK-based developer of smart card applications and electronic cash. The “Olameter” Gateway will soon be used to provide commercial and residential end-users with automated services that range from utility meter reading, high-speed Internet access to IP telephony, home automation, security, entertainment and e- commerce applications.

PRINCETON, N.J., Dec. 21, 2000 (PRNewswire) – As deregulation and competition make customer attraction and retention even more critical, an increasing number of energy companies are looking to electronic billing and payment technologies as a customer relationship management tool.

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