billserv / bank one agreement:
biz.yahoo.com
Monday December 18, 11:29 am Eastern Time
Press Release
SOURCE: billserv.com, Inc.
billserv.com Signs Agreement With Bank One to Bring E-Billing Services To Treasury Management Services Customers
SAN ANTONIO, Dec. 18 /PRNewswire/ -- billserv.com (Nasdaq: BLLS - news), the leading Internet bill presentment and payment outsourced solutions provider, today announced it has signed a multi-year agreement with Bank One to integrate billserv.com's electronic billing services into the bank's Treasury Management Services solution set. Bank One is the nation's fourth-largest bank holding company and is an industry leader in cash management with a specialized unit focused on consumer collections capabilities providing state of the art electronic and paper collections services. Bank One is a wholly- owned subsidiary of Bank One Corporation (NYSE: ONE - news).
Under the agreement, Bank One's commercial customers will be able to present bills and other documents to consumers, receive payments electronically, and provide interactive Web-based customer care. Bank One will offer billserv.com's suite of electronic billing services, including eServ(SM), Internet billing clearinghouse services for EBPP; ePublishing(SM), a distribution service that enables companies to present business documents to customers via the Internet; and eCare(SM), a call management and Web-based customer care service. Bank One is integrating the billserv.com capabilities into its consumer collections suite, integrating the dollar and remittance data across multiple collection tools, including recurring ACH debits, electronic lockbox and retail lockbox.
billserv.com's end-to-end EBPP solution includes processing customer billing data, delivering it to billing consolidators, and then processing customer payments back to the biller, enabling customers to view and pay their bills at a variety of front-ends such as banks, portals and billing aggregation sites. billserv.com currently has agreements with every major billing consolidator including CheckFree, TransPoint, Bank of America, Spectrum, MasterCard RPPS, Paytrust, Cyber Bills, and BillingZone, giving companies and customers the widest array of Web sites to deliver, view, pay and manage bills.
``Our agreement with Bank One represents an ideal opportunity for billserv.com to reach more billers with our outsourced billing service,'' said Michael Long, chairman and CEO of billserv.com. ``We're pleased that Bank One selected our products suite as the foundation for its e-billing solution, and we're looking forward to working with Bank One to bring its biller customers online.''
About Bank One
Bank One Corporation is the nation's fourth-largest bank holding company, with assets of more than $280 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. Bank One can be found on the Internet at www.bankone.com.
About billserv.com
billserv.com 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 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. billserv.com has offices located throughout the United States and in Canada. For additional information, visit billserv.com or call (210) 402-5000 or our Canadian office at (905) 270-7557.
With the exception of historical information contained in this release, this release includes forward-looking statements made under the ``Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the internet, financial services and related industries; reliance on third parties including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this release and in the Company's Securities and Exchange Commission filings.
Investor Relations Contact:
Jack Roney
(210) 402-5160
jack.roney@billserv.com
Stock Symbol: Nasdaq: BLLS
Investor inquiries: (888) 559-4184
SOURCE: billserv.com, Inc. |
