<OT> for now ... hoping for the Priority One deal to close... crossing fingers
NEWS RELEASE
FOR IMMEDIATE RELEASE
September 21, 1998
CitX and Priority One Announce New Automated Electronic Bill Presentment Service
QUAKERTOWN, PA, September 21, 1998 == CitX Corporation of Quakertown, PA, and sister company Priority One ECC of Akron PA, today
announced a new Electronic Commerce service called Intrapay Bill Present, that enables businesses to generate Bills, which can be automatically delivered to its customers, via the Internet, Fax, or Direct US Mail. Businesses only need Internet Access, and a Web Browser to use the new E Commerce service. Intrapay Bill Present is fully EDI and XML compatible, and directly interfaces into the Intrapay Bill Collect service provided by CitX and Priority One, which is used to electronically collect payment for Bill Presented.
"Businesses will be able to use Intrapay Bill Present, and our Bill Collect services to significantly reduce the cost of their Billing and Collection activity," said Sidney Lieberman, Chairman of Priority One. "We can now enable businesses to automatically inform their customers of an amount due, or pending EFT transaction, and then automatically collect the amount due on the date due. Our service is different then other similar services like Bill Payment, which may notify customers of an amount due, however, the customer dictates when the Bill gets paid."
To use the new E Commerce service, businesses simply prepare and submit an ASCII formatted Payment Presentment File to the Intrapay Bill Present system, via the Internet. The Payment Presentment File may be created using the in house software or File Generation Wizards, provided online by CitX. Bill Presentment Files contain Customer Payment Records for each Customer to be billed. Each Customer Record contains instructions to direct the Intrapay Bill Present system how to deliver the customers Bill, i.e. Internet, Fax, or US Mail. The Intrapay Bill Presentment system will process the Payment Presentment File and automatically determine the delivery mode for a Bill based on the delivery method identified in the customer's record.
CitX, along with its strategic partner, Redix International, is developing automated, EDI enabled, HIPAA compliant File Generation Wizards, and Middleware legacy system interfaces specifically for the Insurance, Healthcare, Finance and Utility industries. File generation Wizards are specialized server hosted programs, that can be accessed through the Internet to automatically generate, or translate different third party file formats to and from the CitX Intrapay ASCII standard format.
CitX and Priority One plan to release additional information about the Intrapay EB Present service at the EC World 1998 trade show, held in Denver Colorado, September 22 and 23. For more information about the Intrapay Bill Presentment, and other Electronic Commerce services, visit the Intrapay Web Site at intrapay.com.
About CitX
CitX Corporation is a three-year-old privately held high-tech company that develops and markets integrated products and services, which provide integrated Electronic Commerce enabled Electronic Business and Customer-Centric Automated Marketing solutions, via the Internet, under a transactional fee-for-use payment paradigm. These EC/EB solutions facilitate electronic collection and disbursement of money, automated information exchange, industry specific network-centric software applications, and event-triggered mind-set advertising services, delivered across the Internet, and private heterogeneous networks. CitX has solution building expertise in the Healthcare, Insurance, Banking, Retail, Utility, Manufacturing, and Services
markets. For more information about CitX, contact them by web at citx.net or phone at 215-538-3535.
About Priority One
Priority One ECC based in Akron, PA, is a three-year-old leading high-tech company providing electronic payment processing services that enable businesses to electronically collect and disburse payment in the form of EFT and Credit Cards. One of Priority One's flagship products, Bill Collect, enables businesses to collect their receivables electronically, via the Internet or Direct-Dial-up gateway, on the date due. Randall King, President of
Priority One, has more than 20 years of experience in the EDI industry and has successfully helped grow Premenos Corporation to a publicly-traded EDI software company. For more information, contact Priority One by web at p1-ecc.com, or phone 717-672-5900.
CitX and Priority One are equity partners with a common goal to be the industry leaders in providing cost effective, results proven, end-to-end Electronic Commerce enabled Electronic Business Solutions, world wide. In keeping with this mission, CitX has formed other partnerships with companies like NCR and Redix International to enhance its technology, functionality, customer service, and the overall robustness of its Electronic Business solutions.
For more information contact:
CitX Corporation
Bernie Roemmele
CEO
Voice: 215-538-3535
Email: bernie@citx.net
Richard Schwartz
National Sales Director
Sales: 215-538-3535
Email: richards@team.citx.net
Priority One ECC
Sidney Lieberman,
Chairman
Voice: 717-672-5900
Email: sidney@p1-ecc.com
Tom Goldman
VP of Sales
Sales: 717-672-5900
Email: tomg@p1-ecc.com
Cyberauthored by the CitX Realm
Development Team
Created: September 20, 1998, 11:00 PM
Last Updated: September 21, 1998, 9:00 AM
Copyright © 1997 - 1998 by CitX Corporation, all
rights reserved.
:-)
GB |
