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Technology Stocks : CheckFree(CKFR) news only
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To: Sam Biller who wrote (18)2/25/1999 8:30:00 AM
From: Sam Biller  Read Replies (1) of 103
 
11:41 PM ET 02/23/99

NZ Post to trial CheckFree-backed Internet billing

WELLINGTON, Feb 24 (Reuters) - Bank of New Zealand Credit
Cards, U.S.-owned cable company Saturn Communications and New
Zealand Post said on Wednesday they would trial an electronic
billing service to allow customers to receive and pay bills
using the Internet.
CheckFree USA and Bank of New Zealand had been key
partners in the development of the NZ Post service and BNZ
would provide the payment mechanism for the trial, the three
companies said in a statement.
Saturn Communications chief financial officer Vicki Potts
said the service would be open to a wide range of banks and
service providers in the longer term.
"A key attraction of the service is that it isn't tied to
any one bank or utility. In the future, our customers will be
able to pay a large number of their household bills using the
one system," Potts said in a statement.
NZ Post chief executive Elmar Toime said the service would
allow banks and billers to offer electronic bill delivery and
payment services without the need to develop their own system
and infrastructure.
"We're looking forward to getting their input to ensure the
service meets the needs of both billing organisations and their
customers," he said.
Bank of New Zealand managing director Mike Pratt said the
service would streamline the bank's credit card billing
service.
"The benefits of electronic billing are that it allows us
to extend the range of services we offer and provides customers
with an easy and flexible way to pay bills," Pratt said.
Saturn, which entered the New Zealand telecoms market in
1995, is owned mainly by U.S.-based United International
Holdings and Canada's SaskTel International.
((Wellington newsroom, +64 4 471 4272, fax +64 4 473 6212;
wellington.newsroom@reuters.com))
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