billserv.com Signs Agreement With CyberCash to Re-Market Internet Payment Solutions
CyberCash Agreement Gives billserv.com Customers Additional Payment Options
SAN ANTONIO--(BUSINESS WIRE)--May 12, 1999--billserv.com Inc. (OTC BB:BLLS), a leading electronic bill presentment and payment (EBPP) service bureau, today announced it has entered into a re-marketing agreement with CyberCash Inc., (NASDAQ:CYCH - news) enabling billserv.com to integrate
CyberCash's Internet payment technology into its EBPP solutions.
The result is that billserv.com creates an additional payment option for billers, while creating a one-stop payment solution for customers, allowing them to pay bills online either by credit card or ACH (automated clearing house) debit payments.
''Because of our strong relationships with industry leaders such as CyberCash, billserv.com is able to give billers more payment options to meet the different needs and preferences of consumers,'' said Michael Long, billserv.com chairman and CEO. ''CyberCash has a proven payment technology that billserv.com can now offer, particularly to our customers that want more control over their billing information, which the CyberCash solution offers.''
''Providing billserv.com with CyberCash's technology is a win-win because it not only helps billserv.com offer our outstanding technology to its customers, we also expect to process more transactions through billserv.com,'' said Richard Crone, CyberCash vice president and general manager for electronic check services. ''The agreement also helps billserv.com customers strengthen relationships with their banks, since we work with these institutions regularly.''
About CyberCash Inc.
CyberCash is the world leader in secure, convenient e-commerce technologies and services, enabling e-commerce across the entire market spectrum from electronic retailing environments to the Internet. CyberCash provides a complete line of software products and services allowing merchants, billers, financial institutions and consumers to conduct secure transactions using the broadest array of popular payment forms. Credit, debit, purchase cards, cash, checks, smart cards and alternative payment types (e.g., ''frequent buyer'' or loyalty programs) are all supported by CyberCash payment solutions. Leading brands of CyberCash include ICVERIFY®, PCVERIFY(tm), CashRegister, NetVERIFY(tm), PayNow(tm) and InstaBuy(tm). www.cybercash.com
About billserv.com
billserv.com Inc. (OTC BB:BLLS) is an electronic bill presentment 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 has four product offerings: Internet billing clearinghouse services (eServ(sm)), ePublishing(sm), customer care services (eCare(sm)) and professional consulting services (eConsulting(sm)). 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:
Davis.Comm Inc. (for billserv.com)
Media Contacts:
Jeff Davis or Kevin Manniko, 415/243-4442
jdavis@daviscomm.com
kmanniko@daviscomm.com
or
CyberCash Inc.
Tom Calcagni, 703/715-7837
tcalcagni@cybercash.com
or
Investor Relations, 888/559-4184 or 210/344-8355
|
