Saw this announcement today also. Is this the old BOA service?
Monday September 27, 8:28 am Eastern Time
Company Press Release
Bank of America and YourAccounts.Com Join Forces to Provide Bill Consolidation
CHARLOTTE, N.C. and EL DORADO HILLS, Calif.--(BUSINESS WIRE)-- Sept. 27, 1999--
Agreement to Expand Number of Electronic Bills for Bank's
Online Consumer and Small Business Customers
Bank of America (NYSE:BAC - news) today announced it has expanded its ability to receive, consolidate and deliver electronic bills for its online banking customers from billers using YourAccounts.Com -- a leading innovator and provider of electronic billing and statement presentment. Under terms of the agreement, any Bank of America customer who receives paper-based bills from any YourAccounts.Com billing client can have those bills sent electronically, through the Bank of America online banking Web site (www.bankofamerica.com).
Since late March, the Bank of America bill presentment feature -- which is part of the bank's online bill payment service -- has allowed participating customers in California to receive and pay bills electronically. Bank of America is the nation's largest provider of online banking services, with more than 1.6 million consumer and small business customers banking online. In addition, the bank is adding an average of more than 80,000 new online banking customers every month.
YourAccounts.Com and its affiliates have relationships with more than 300 of the largest billers and financial services firms in the country, representing more than 130 million bills and statements every month. AirTouch Paging, Cellular One and MCI WorldCom are among the major companies that have relationships with YourAccounts.Com or its affiliates.
By interfacing with YourAccounts.Com's anywhere.consolidator(SM) solution, Bank of America online bill payment customers gain access to some of the country's largest billers that have embraced electronic billing.
``As the leading online financial services provider nationwide, electronic bill presentment allows us to introduce continued enhancements and richer content for our rapidly growing online customer base,' said Jane Wallace, business manager for electronic bill presentment and payment with Bank of America. ``This relationship with YourAccounts.Com is important because it allows our customers to receive even more electronic bills through the same secure, trusted connection to Bank of America that they rely on today to make online bill payments.'
Billers using the YourAccounts.Com solution can take advantage of the full range of features, including consolidated accounting and billing and a consolidated view of usage information.
``Our goal is to be able to provide electronic billing services to corporate clients so they can reach their customers wherever they are on the Internet,' said John Korvin, President of YourAccounts.Com. ``Bank of America, with its unmatched, national customer base, offers us a great opportunity to reach millions of customers.'
About YourAccounts.Com
YourAccounts.Com, a newly formed division of Output Technology Solutions, is focused exclusively on Internet bills, statements and related recurring customer communications. YourAcounts.Com serves a range of market segments, including financial services, communications, cable TV and others. YourAccounts.Com and its parent company have long-term relationships with 300 major customers, such as Cellular One, MCI WorldCom and Pepco. More information can be found at www.youraccounts.com.
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.
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Contact:
Bank of America
Jeff Hershberger, 415/622-0870
jeff.hershberger@bankofamerica.com
www.bankofamerica.com
or
YourAccounts.Com
Tom Roberts, 916/939-4656
tom_roberts@youraccounts.com
or
Blanc & Otus (for YourAccounts.Com)
Eric Sutphin, 415/912-2322
esutphin@blancandotus.com |
