KD,
This isn't AT&T, but it may help out a bit.
SAN ANTONIO and SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 6, 2000--
Marks One of Industry's First OFX Implementations between Biller and
Consumer Service Providers With Initial Biller Sallie Mae
billserv.com, Inc. (NASDAQ:BLLS.O), the leading electronic bill
presentment and payment service bureau, and CyberBills, the first
company to offer Total Bill Management(TM) over the Internet, today
announced live production availability of their eBill solution. Per
the two companies' distribution agreement signed previously this year,
billserv.com has now begun delivering electronic bills for Sallie Mae
into CyberBills' network, which includes customers of financial
institutions, e-commerce companies and its direct site, StatusFactory.
The billserv.com relationship with CyberBills represents one of
the first of its kind in the marketplace. Billserv.com is now able to
deliver electronic bills via OFX into the CyberBills network. The wide
customer base of CyberBills, which benefits from receiving 100 percent
of their bills online, now has the capability to receive and view
electronically presented bills from the more than 30 billers that have
chosen billserv.com as their eBill solutions partner.
"We are extending our leadership position in the marketplace with
the addition of CyberBills to our list of production distribution
channels. Our billers benefit from a cost-effective bill delivery
method and broader customer reach because of CyberBills," said Michael
Long, chairman and CEO of billserv.com. "This partnership provides
much potential moving forward, and we expect adoption rates within the
CyberBills distribution network to exceed the industry norm. With
Sallie Mae live, we will be able to employ a rapid implementation plan
for our current and future clients to the CyberBills Channel."
According to data provided by the Yankee Group, consumers prefer
to receive and manage all of their bills - both paper and electronic -
at a single site. Billerswho partner with Biller Service Providers
such as billserv.com can deliver electronic bills to consumers at the
Web site of their choice via the CyberBills distribution network.
"This implementation of eBills by billserv.com and CyberBills adds
strength to both companies' leadership position in the rapidly growing
electronic bill presentment and payment market," said Bob Murphy, vice
president of marketing for CyberBills. "This is a major milestone for
billers moving toward an EBPP solution and consumers who continue to
demand a seamless consolidation of all bills regardless of their paper
or electronic origin."
About CyberBills
Founded in 1998, CyberBills is the first company to offer total
bill management over the Internet. CyberBills, based in San Jose,
Calif., provides businesses with the services and tools to offer a
complete bill management solution that allows customers to view, pay,
manage and automate all of their bills over the Internet. CyberBills'
services are available through a variety of channel partners including
banks and financial institutions, brokerage firms, technology
companies as well as financial and e-commerce portals. CyberBills also
offers Total Bill Management(TM) directly to consumers at its own
site, StatusFactory.com. The company handles bills and invoices in any
format: paper, E-bills and as input from Biller Service Providers. For
more information about CyberBills, visit www.cyberbills.com.
About billserv.com, Inc.
billserv.com, Inc. (NASDAQ:BLLS.O) 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 currently has agreements with every major
billing aggregator such as CheckFree, TransPoint, Bank of America,
Spectrum, MasterCard RPPS, PAYTRU$T, and CyberBills, giving companies
and customers a wide variety of Web sites to deliver, view, pay and
manage bills 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 38 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 38
billers, 18 are in a production environment with the remaining 20 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 Litigation 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.
--30--rr/cgo*
CONTACT: billserv.com
Jack Roney, 210/402-5160
jack.roney@billserv.com
Investor Inquiries: 888/559-4184
or
Fineman Associates Public Relations (for CyberBills)
Gary Quackenbush, 415/777-6933, ext. 23
gquackenbush@finemanpr.com
KEYWORD: CALIFORNIA TEXAS
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS E-COMMERCE
INTERNET ADVERTISING/MARKETING PRODUCT MARKETING AGREEMENTS
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