billserv.com to Integrate InfoSpace.com's Personal Finance Channel into bills.com, an Electronic Bill
Presentment and Payment Portal
newsalert.com
SAN ANTONIO--(BUSINESS WIRE)--July 12, 1999--
InfoSpace.com to provide billserv.com with a private-labeled
personal finance content solution for bills.com portal
billserv.com, Inc. (OTC BB: BLLS) today announced a strategic agreement with InfoSpace.com, a leading Internet infrastructure company, (NASDAQ: INSP) that will help drive the further development of bills.com, a consumer bill-paying Internet portal that billserv.com announced earlier this year.
Under this agreement, bills.com will incorporate InfoSpace.com's compelling finance-related content into bills.com, creating a one-stop shopping experience for subscribers' personal finance needs. Content that InfoSpace.com will provide on the bills.com portal includes real-time stock quotes, news, investment research and the ability for consumers to shop for mortgages, insurance and other financial services.
When launched later this summer, bills.com will offer electronic bill presentment and payment to subscribers from a personal finance portal environment. Injecting this bill-paying service into the portal business model will subsidize costs that are normally charged to subscribers at other bill presentment and payment sites.
"We are very pleased with the progress of bills.com, and are fortunate to have an Internet leader like InfoSpace.com working with us to develop the bills.com site," said David Jones, bills.com president. "Combining the two company's core competencies - InfoSpace.com's private-label content solution and
billserv.com's electronic billing - creates a compelling combination that will develop the information infrastructure for a best-of-breed financial portal."
"The bills.com portal site is the type of site that really benefits from our content solution," said Michael Kring, director of business development, InfoSpace.com. "Personal financial content is a key component enabling consumers to view and pay bills all in one place."
About InfoSpace.com, Inc.
InfoSpace.com is a leading Internet infrastructure company. InfoSpace.com provides private label solutions for content, community and commerce to Web sites and Internet appliances. InfoSpace.com's affiliate network consists of more than 1,800 Web sites and Internet appliances. The Company's affiliates
include AOL, Netscape, Microsoft, Lycos, go2net Inc.'s MetaCrawler, Dow Jones (The Wall Street Journal Interactive Edition), and ABC LocalNet. In addition, InfoSpace.com has agreements with a number of providers of Internet access devices including PCs by Acer America and The Pixel Company (for
Packard Bell NEC), cellular phones by AT&T Wireless and UnWired Planet, pagers by WolfeTech (for Motorola), screen phones by InfoGear, Mitel, Mitsui and Lucent, television set-top boxes by American Interactive Media, @Home, Lucent, On Command, Planetweb and Source Media, online kiosks by King
kiosk platform and Lexitech kiosk platform, and personal digital assistants by AT&T Wireless, InfoGear and Unwired Planet.
About billserv.com
billserv.com, Inc. (OTC BB: BLLS) is an electronic bill presentment and payment service bureau that provides small- to medium-sized billers with a turnkey outsourcing solution for presenting bills to consumers for payment on the Internet. billserv.com serves an intermediary role between billers and bill
aggregators by consolidating customer billing information from multiple billers, and then securely delivering it to aggregators. billserv.com has four product offerings: Internet billing clearinghouse services (eServ(SM)), ePublishing(SM), customer care services (eCare(SM)) and professional consulting services
(eConsulting(SM)). billserv.com also owns and develops bills.com, the first EBPP Internet portal where consumers can pay all their bills electronically. For additional information, visit www. billserv.com or call 210/402-5000.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
CONTACT: Davis.Comm Inc. (for billserv.com)
Media:
Jeff Davis or Kevin Manniko, 415/837-3939
jdavis@daviscomm.com
kmanniko@daviscomm.com
or
Investor Relations:
888/559-4184
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