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Southwest Student Services Corporation Streamlines Servicing for Student Loan Borrowers Utilizing billserv.com's Electronic Bill Presentment and Payment Solution
billserv.com, the Leading Application Service Provider, Has Successfully Implemented Southwest Student Services Corporation's New EasyPay Service
PHOENIX, Sept. 5 /PRNewswire/ -- Southwest Student Services Corporation (SSSC), a nationally recognized leader in education financing, announced today a new service for its borrowers. The EasyPay Service Center, Southwest's electronic bill presentment and payment service (EBPP) allows borrowers to receive account statements, make immediate loan payments, and schedule future loan payments on-line.
``EasyPay, in conjunction with OASIS (SSSC's On-Line Account Servicing and Information System) allows our customers to have complete access to their account information and to manage their payments. Our borrowers appreciate the ability and convenience to access their student loan bills and statements through the Internet anywhere, any time. With borrowers world-wide, this has been a welcome value-added service,'' says Vince Roig, CEO of Southwest Student Services Corporation. Industry research indicates that of the roughly 1.5 billion bills sent to consumers each month in the U.S., only about five to seven percent are currently being presented online. ``Obviously, we realize an enormous potential for growth in the EBPP market. Not only are we providing another quality service for our borrowers, we are also lowering our servicing costs. We are always looking for ways to develop and provide additional services and programs to benefit our borrowers in new ways,'' added Roig.
Working with billserv.com. (Nasdaq: BLLS - news), Southwest Student Services Corporation was able to develop and implement its EasyPay Service Center. Shalayne Green, SSSC's EBPP Project Lead, stated, ``billserv.com was chosen because they are clearly the leader in the industry. We were able to customize the program to meet our needs and produce a quality on-line service product.''
About Southwest Student Services Corporation
Southwest Student Services Corporation (http://www.sssc.com/) is a nonprofit corporation with assets of $1.3 billion dedicated solely to the business of student lending. Currently servicing over 200,000 student loans, Southwest Student Services Corporation serves students and their families, schools, employers, and lending institutions across the United States, through loan origination services, community service programs, alternative funding programs, and student loan consolidation. SSSC also manages the activities of its affiliates, the Arizona Educational Loan Marketing Corporation (AELMAC) and the Florida Educational Loan Marketing Corporation (FELMAC).
About billserv.com
billserv.com, Inc. is the leading electronic bill presentment and payment service bureau that provides billers with a turnkey outsourcing solution for presenting bills to consumers for payment on the Internet. billserv.com serves an intermediary role between billers and bill aggregators by consolidating customer billing information from multiple billers, and then securely delivering it to aggregators. billserv.com has agreements with every major billing aggregator such as CheckFree, TransPoint, Bank of America, Spectrum, MasterCard RPPS, PAYTRU$T, CyberBills, and others. billserv.com has five 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, eConsulting(SM), professional consulting services for billing organizations offering in-house bill presentment, and ASP Gateway Services, a service that provides billers who already have an in-house EBPP system with limited distribution points, a solution to deliver e-bills to virtually any distribution point across the Internet. billserv.com also owns bills.com, the first Internet portal dedicated to EBPP, where consumers can pay all their bills electronically. Additionally, billserv.com is CheckFree's first Certified Premier Partner. Currently, billserv.com has 25 biller relationships contracted, representing 41 billers. billserv.com's customer base totals more than 752 million paper bills annually, which equates to 3.75% of all paper bills produced in the U.S. each year. Of the 41 billers, 20 are in a production environment stage with the remaining 21 in various stages of implementation.
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.
Investor Relations Contact:
Jack Roney
billserv.com
(210) 402-5160
jack.roney@billserv.com
NASDAQ: BLLS
Investor inquires: (888) 559-4184
Southwest Student Services Contact:
Kathy Harris
Southwest Student Services Corporation
Phone (480) 461-6511
kharris@sssc.com
www.sssc.com
SOURCE: billserv.com |
