billserv.com Launches Financial Content on bills.com, the First Internet Portal Enabling Consumers to Pay Bills Online
bills.com will soon offer consumers bill paying services at low cost
SAN ANTONIO, July 26, 1999 — Amidst a growing number of Internet bill payment solutions entering a crowded market, billserv.com (NASD OTC BB: BLLS) today announced it has completed the second development phase for bills.com (www.bills.com) by bringing the financial content for the consumer bill presentment and payment portal online. When completed and formally launched later this year, bills.com will be the first Internet portal enabling consumers to receive and pay all their bills online.
The financial and business content available today on bills.com is provided by InfoSpace (NASDAQ: INSP), and includes real time stock quotes, insurance and loan quotes, U.S. and global financial news, stock message boards, market information and company research. While the bill presentment and payment component of bills.com will be available in a few months, consumers can register today at bills.com to be notified when the portal will begin offering bill presentment and payment services.
With the launch of the portal content, bills.com currently is generating revenue through online advertising, a revenue model that, in part, enables bills.com to offer its services to consumers at a low cost.
"Bringing the portal content for bills.com online - and ahead of schedule - is an important step, not only for the portal, but for consumers who want to pay their bills online," said David Jones, president of bills.com and senior vice president of billserv.com. "bills.com will become the one-stop site for all users' financial needs, and today's launch of the portal content signals that bills.com will become a reality very soon."
bills.com will not only save consumers time spent on paying paper bills manually, it also will help manage personal finances by keeping payment records on one site, which is beneficial in managing personal finances, creating and tracking budgets and coordinating information for tax purposes. After registering their payment accounts and billers on the bills.com site, consumers can pay all of their bills online with a few clicks of the mouse. To ensure security, bills.com employs strong 128-bit site encryption technology to ensure customer information is 100 percent safe.
About billserv.com
billserv.com, Inc. (NASD 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: (eServSM), Internet billing clearinghouse services for EBPP; (ePublishingSM), electronic publishing services for online statement delivery; (eCareSM), an interactive customer care center operation; and (eConsultingSM), professional consulting services for billing organizations offering inhouse bill presentment. 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 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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