I'm not able to pull news out of yahoo! this morning. Here's the seek link of same.
Bank of America and billserv.com Announce Electronic Bill Presentment and Payment Agreement
08:29 a.m. Sep 27, 1999 Eastern
CHARLOTTE, N.C. and SAN ANTONIO, Texas--(BUSINESS WIRE)-- Sept. 27, 1999--
Agreement Enables Bank of America to Receive
and Present Bills from billserv.com's Biller Customers
Bank of America (NYSE:BAC) today announced it has reached an agreement with billserv.com, Inc. (NASD OTC BB:BLLSE), a leading electronic bill presentment and payment (EBPP) service bureau. billserv.com's biller customers now have the ability to securely present bills to Internet online banking customers at Bank of America (www.bankofamerica.com).
Billers, such as Sallie Mae, rely on billserv.com to create and deliver electronic bills on their behalf. Bank of America -- the nation's largest provider of online banking services -- is billserv.com's newest delivery channel. The bank currently has more than 1.6 million online banking customers. Since late March, the Bank of America bill presentment feature has allowed participating customers in California to receive and pay bills electronically.
"This agreement with Bank of America furthers our goal of providing our biller customers with convenience and flexibility in presenting bills to as many front-end locations as possible," said Michael Long, billserv.com CEO and chairman. "We're particularly excited to be working with Bank of America because of its unsurpassed and rapidly growing online customer base."
"We've entered into this agreement with billserv.com to offer our customers the ability to view and pay bills from more billers, directly through our Web site," said Jane Wallace, business manager for electronic bill presentment and payment with Bank of America. "With the ability to deliver additional electronic bills from a wide range of billers, we are able to further enhance the value of the online banking experience for our customers."
About Bank of America
Bank of America, with $614 billion in assets, is the largest bank in the United States. The company serves more than 30 million households and 2 million businesses across the country, offering customers the largest and most convenient delivery network from offices and ATMs to telephone and Internet access. It also provides comprehensive international corporate financial services for clients doing business around the world. The company creates financial relationships featuring a full array of financial services, from traditional banking products to investments and capital raising within the securities markets. Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges and certain shares are listed on the Tokyo Stock Exchange. Further investor information can be found at www.bankofamerica.com/investor. www.bankofamerica.com
About billserv.com
billserv.com, Inc. (NASD OTC BB:BLLSE) is an electronic bill presentment and payment service bureau that provides middle-market 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: (eServ(SM)), Internet billing clearinghouse services for EBPP; (ePublishing(SM)), electronic publishing services for online statement delivery; (eCare(SM)), an interactive customer care center operation; and (eConsulting(SM)), professional consulting services for billing organizations offering in-house 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.
Copyright 1999, Business Wire
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