This is BIG !!
Red
Wednesday July 14, 9:03 am Eastern Time
Company Press Release
billserv.com and TransPoint Sign Electronic Bill Presentment and Payment Agreement
TransPoint Agreement Now Gives billserv.com Relationships With All Major EBPP Consolidators
SAN ANTONIO--(BUSINESS WIRE)--July 14, 1999-- billserv.com, Inc. (OTC BB: BLLS - news), a leading electronic bill presentment and payment (EBPP) service bureau, today announced is has signed an agreement with TransPoint that will enable billserv.com's biller customers to securely distribute bills to TransPoint's e-bill aggregation sites. TransPoint is a Microsoft Corp., First Data Corp. and Citibank joint venture company.
The agreement with TransPoint now gives billserv.com relationships with all of the first-tier EBPP consolidators, thereby strengthening billserv.com's leadership position in the EBPP service bureau market. For TransPoint, the agreement creates new opportunities to process more consumer bills through billserv.com's relationships with its current and future billers.
''Working with TransPoint is important for billserv.com because it demonstrates our ability to provide complete, turn-key solutions for billers to reach all of their customers,'' said Michael Long, billserv.com CEO and chairman. ''Billers no longer have to build different interfaces to both TransPoint and CheckFree in order to have full distribution to their customers. Our service bureau environment solves that problem.''
''We are looking forward to working with billserv.com to gain more connections to billers,'' said Lewis Levin, president and CEO of TransPoint. ''More billers on board will make for a better consumer experience, which will accelerate e-bill adoption.''
TransPoint currently has pilot relationships with more than 50 banks, financial institutions and major billing companies, including Citibank, First Union Corp., PNC Bank Corp., Key Bank, Mellon Bank Corp., Wachovia Corp, Consolidated Edison Inc., GTE Corp., BellSouth Corp., PECO Energy Co., J.C. Penney Company Inc., Mobil Oil Corp. and Xerox Corp.
About billserv.com
billserv.com, Inc. (OTC BB: BLLS - news) is an electronic bill presentment and payment service bureau that provides small- to medium-sized billers with a turn-key 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.
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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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