This News may be what all the volume is about :
Tuesday April 13, 8:17 am Eastern Time
Company Press Release
billserv.com Unveils bills.com, the First Internet Portal for
Electronic Bill Presentment and Payment
bills.com To Create Free Internet Billing Service for Consumer by Utilizing the
Portal Business Model
SAN ANTONIO--(BUSINESS WIRE)--April 13, 1999-- billserv.com, Inc. (NASD OTC BB:BLLS), a leading electronic bill presentment and
payment (EBPP) service bureau, today announced the preview of bills.com (http://www.bills.com), the first Internet portal where consumers will
be able to pay all their bills online at no charge. When launched later this year, bills.com also will enable billers to present electronic bills for
payment for little or no cost, unlike other bill presentment sites. bills.com is a wholly-owned subsidiary of billserv.com.
Beginning immediately, consumers can register at bills.com to learn more about electronic billing and designate the bills they would like to pay
online. Subscribers will receive regular updates from bills.com on the portal's progress, partnerships and launch activities.
''bills.com will become the starting point on the Internet where billers deliver their bills, and consumers pay them,'' said David Jones, creator of
bills.com and senior vice president of billserv.com. ''Electronic bill presentment and payment is the next significant business application for the
Internet, and billserv.com is proud to be taking the leadership position in helping move the industry forward. We see the portal business model
as the perfect means to create value for billers and consumers by using partnerships and advertising to offset the costs normally charged to
users.''
''Eighty percent of online consumers would rather visit a single Web site than multiple biller-specific Web sites to pay bills electronically,'' said
Paul Hughes, a senior analyst with the Yankee Group. ''bills.com provides the central site that these consumers are currently looking for, and
demonstrates the convenience and ease of use that will be critical to future consumer acceptance, adoption and growth of electronic bill
presentment and payment services.''
''While the Internet billing sector is still in the early stages of development, billserv.com is clearly taking the lead with its new bills.com portal,''
said Robert Tango, vice president of equity research for Tucker Anthony. ''The new portal will provide the company and its services with
greater exposure.''
billserv.com plans to develop bills.com through sponsorships and partnerships with leading e-commerce companies, advertisers and online
content providers. In addition to offering electronic bill presentment and payment services, bills.com will offer many of the traditional portal
services, including newsfeeds, stock quotes and links to other related e-commerce sites.
The company also will launch an aggressive marketing program to build its initial subscriber base. billserv.com, the parent company of
bills.com, currently has formal business relationships with several major electronic bill payment companies.
''Bills must be paid every month, which means that bills.com will have a subscriber base who visits the portal regularly,'' said Michael Long,
CEO of billserv.com. ''This guaranteed base of 'sticky eyeballs' creates tremendous value for partners, sponsors and advertisers who will reach
consumers through bills.com.''
Since bills.com will maintain consumers' bill paying information, bills.com will enable consumers to make online purchases without giving their
credit card information on the Internet, in addition to allowing consumers to make purchases through debits from their checking account. This
is expected to increase the online shopping market by opening up online purchases to consumers who do not have credit cards.
About billserv.com, Inc.
billserv.com, Inc. (NASD OTC BB: BLLS) is an electronic bill present and payment service bureau that provides small- to medium-sized 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 consolidators by aggregating customer billing information from multiple billers, and then securely delivering it to
consolidators. billserv.com's core product, eServ, seamlessly integrates with billers' existing legacy systems, without requiring any changes to
those systems. The company has four product offerings: Internet billing clearinghouse services, ePublishing, customer care services and
professional consulting services. For additional information, visit www. billserv.com or call 210/402-5000.
Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities 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.
Contact:
billserv.com Inc., San Antonio
Investor Relations Contact:
888/559-4184
Internet: billserv.com
More Quotes and News:
Billserv.com Inc (OTC BB:BLLS - news)
Related News Categories: banking, computers, internet
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