Princeton eCom Announces Bill Presentment and Payment Agreement with Bell Atlantic Mobile
PRINCETON, N.J., Oct. 5 /PRNewswire/ -- Princeton eCom Corporation, a leading provider of electronic bill payment and presentment solutions, announced today an agreement with Bell Atlantic Mobile (BAM) to provide its customers access to electronic bill presentment and payment services over the Internet.
Under the terms of the agreement, BAM customers will have the ability to review and pay monthly bills over the Internet, an alternative to traditional paper bills. Through the BAM website customers will also be able to review monthly bills, analyze phone usage, make payments on their account, and obtain answers to frequently asked questions any time-day or night.
According to Jupiter Communications, a New York-based research firm, 15 million households will pay bills online by 2002, a significant increase over the 3 million forecasted in this year.
"We want our customers to have access to comprehensive online account information and the ability to pay their bills with just a few keyboard strokes," said Debra Carroll, vice president-marketing for Bell Atlantic Mobile. "In addition, by giving customers a wealth of information online about their account that they can review at their leisure, we provide a flexible, open environment for doing business with Bell Atlantic Mobile."
"The decision of Bell Atlantic Mobile, an industry leader, to partner with Princeton eCom is indicative of our ability to provide comprehensive, flexible and secure electronic billing solutions," said Ron Averett, president and chief operating officer at Princeton eCom. "With the Internet expanding as a preferred electronic commerce platform, our premier integrated Internet bill presentment and payment solutions are meeting the electronic billing needs of all billers," said Averett.
Princeton eCom is a leading provider of electronic bill presentment and payment, by Internet and the telephone. The Company offers customized solutions to businesses that generate recurrent bills for the total management of the billing process -- expediting payment, minimizing billing costs and integrating with existing financial accounting systems. The Company utilizes state-of-the-art technology including its electronic lock box service that serves as a clearinghouse for electronic consumer-initiated payments and reliable system architecture. The Company has filed an S-1 with the Securities and Exchange Commission for an initial public offering and to list on the Nasdaq National Market System under the symbol "ECOM."
Bell Atlantic Mobile owns and operates the largest wireless network in the East and systems in the Southwest, covering 180,000 square miles, and the largest chain of retail outlets devoted exclusively to wireless voice, data and paging. Based in Bedminster, NJ, Bell Atlantic Mobile has 6.6 million customers and 8,000 employees from Maine to Georgia andin parts of Arizona, New Mexico and west Texas. Through its "Wireless at Work..." community service program, the company uses its technology to help individuals and communities improve security and emergency communications. Bell Atlantic Mobile's parent, Bell Atlantic Corporation (NYSE:BEL) is one of the world's largest wireless communications companies, with domestic operations in 25 states and international investments in Mexico, Europe and the Pacific Rim. For more information on Bell Atlantic Mobile visit: bam.com; on global operations visit: bellatlantic.com.
Contact: Denise Roche, 917-639-4109 or AJ Goodman, 917-639-4112, both of The Ruth Group, Inc., for Princeton eCom Corporation
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