New Services Further Bank's Leadership in Providing Collection Tools
CHICAGO, March 27 /PRNewswire/ -- Bank One Corporation (NYSE: ONE), the
nation's fifth-largest bank and the second largest provider of collection
products, recently introduced two internet-based services that present bills
and collect payments in both the business-to-consumer (B2C) and business-to-
business (B2B) environment.
Called the One(R) Electronic Billing Service and the One(R) Electronic
Invoicing Service, Bank One's new services expand its collection product
offerings while continuing to support its strategy of enabling customers to
migrate from paper to electronic-based transactions.
By offering both B2C and B2B options, Bank One can provide its customers
the optimal electronic presentment and payment solution based on a company's
unique billing and collection needs. Also, both services enable Bank One's
large corporate, middle market and net marketplace customers to experience
even greater productivity gains and cost efficiencies in collecting and
processing payments while enhancing their emerging e-commerce initiatives.
"In today's emerging e-commerce environment, we feel it is critical to
support our customers' transactions from end-to-end, for the entire payment or
procurement cycle, whether it is initiated by paper, or on-line," says Bob
Wilson, senior vice president of strategy for the bank's Treasury Management
Services. "Adding these two innovative, high quality services to our product
portfolio expands the value we bring to our customers in meeting their needs,
no matter how far along they are in implementing an e-commerce strategy."
The One(R) Electronic Billing Service, which supports business-to-consumer
transactions, is powered by Billserv, Inc., the leading Internet bill
presentment and payment Outsourced Solution Provider. This service enables
the bank's commercial customers to present bills and other documents to
consumers on-line through multi-channel distribution, receive payments
electronically, decrease the cost of bill and payment processing, support
web-based interactive customer service and distribute cross-sell marketing
messages.
The One(R) Electronic Invoicing Service, which supports business-to-
business transactions, is powered by BCE Emergis, a premier provider of B2B
e-commerce services and exchanges. This service enables commercial customers
to present invoices online, reduce the float time between sale and payment and
decrease the cost of the invoicing, payment processing and customer service
delivery. In addition, it enables their customers' trading partners to view
invoices over the internet, dispute entire invoices, sections or line items,
download invoice and disbursement information, and interact with their
supplier's customer service and accounts receivable departments.
Bank One Corporation (NYSE: ONE) is the fifth-largest bank holding company
in the U.S., with assets of more than $265 billion. Bank One offers a full
range of financial services to large corporate and middle market commercial
customers and retail consumers. It is the largest Visa credit card issuer,
the third largest bank lender to small businesses, and one of the top 25
managers of mutual funds. A leader in the retail market, Bank One operates
more than 1,700 banking centers and a nationwide network of ATM's. Bank One
can be found on the Internet at www.bankone.com .
Billserv, Inc. (Nasdaq: BLLS) is the leading electronic bill presentment
and payment Outsourced Solution Provider that provides billers with a cost-
effective outsourcing solution for presenting bills to consumers for payment
on the Internet. Billserv, Inc. 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,
Inc. has five product offerings: eServSM, Internet billing clearinghouse
services for EBPP; ePublishingSM, electronic publishing services for online
statement delivery; eCareSM, an interactive customer care center operation,
eConsultingSM, 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, Inc. also owns bills.com,
the first Internet portal dedicated to EBPP, where consumers can pay all their
bills electronically.
BCE Emergis (TSE: IFM), a premier B2B e-commerce infrastructure provider,
strategically focusing on market leadership in the transaction-intensive
eHealth and financial services sectors. By layering technologically advanced
e-commerce services on existing Internet-based platforms, Emergis offers its
customers increasing value in their e-commerce adoption and ever-increasing
levels of sophisticated services. These scalable solutions electronically
transform business processes, such as buying, selling, invoicing and payment,
and enable companies to succeed in the web-centric, cost-driven, and highly
competitive global Internet economy. BCE Emergis' customers include leading
North American banks and insurance companies. The Company's shares are
included in the TSE 100 composite index.
SOURCE Bank One Corporation
-0- 03/27/2001
/CONTACT: Stan Lata of Bank One Corporation, 312-732-6209/
/Web site: bankone.com /
(ONE IFM BLLS)
CO: Bank One Corporation; Billserv, Inc.; BCE Emergis
ST: Illinois
IN: FIN MLM STW
SU: PDT
MS-JK
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