To: David H. Zimmer who wrote (876 ) 2/1/2000 9:01:00 AM From: EdR Read Replies (1) | Respond to of 1203
TransPoint is at the head of the list of Stratigic Partners in the INTF annual report. <snip> Tuesday February 1, 8:03 am Eastern Time Company Press Release SOURCE: TransPoint LLC TransPoint Launches Powerful New Version of Its Online Bill Payment Service, Allowing Consumers to Pay All of Their Bills on the Internet New Version Incorporates 'Pay Anyone,' E-Mail Notification, Enhanced Ease Of Use Features, Greater Biller Support, Enhanced Security and Privacy Features ENGLEWOOD, Colo., Feb. 1 /PRNewswire/ -- TransPoint LLC today launched a powerful new version of its online bill payment service that integrates its existing e-bills service with a ``Pay Anyone' feature. With Pay Anyone, consumers can make payments to virtually anyone in the United States -- companies and individuals. The latest version of the TransPoint(TM) online bill payment service also includes e-mail notification, an improved user interface to enhance ease of use, biller-authored registration, biller-authored customer support, a guarantee, and state-of-the-art security and privacy measures. Pay Anyone The new Pay Anyone service allows consumers to view and pay bills that arrive electronically through the TransPoint service, pay bills that arrive through the U.S. Postal Service, and pay nearly anyone else. TransPoint offers two levels of service to consumers: a Standard Service and a Premium Service. Standard Service. Consumers will be able to pay bills from more than 750 companies across the United States. These companies constitute 75 percent of the largest billers in the top 20 metropolitan areas and comprise services that consumers receive regular monthly bills from, such as credit cards, utilities and telecommunications. The cost for the standard service is $2.95 per month for 20 payments. The first six months are free.* Premium Service. In addition to paying any company on TransPoint's list of 750-plus billers, consumers will also be able to pay anyone else. This can include other companies from which consumers receive bills (dentist, paper deliverer, etc.), or anyone they would normally write a check to (a friend, babysitter or charitable organization). The cost for the premium service is $5.95 per month for 20 payments to anyone. The first three months are free.* ``The consumer uptake of payment services on the Internet is going to take a big jump with our launch,' said Lewis Levin, president and CEO of TransPoint. ``We are getting the word out, hitting a new price point and making online bill payment a lot easier with a great new user interface. As a result, we will build a larger base of customers who want to receive e-bills from billers.' ``TransPoint has been steadily gaining market share in the past year as billers turn to the company for an e-billing consolidator solution. In late 1998, just 10 percent of the billers GartnerGroup surveyed named TransPoint as one of their consolidators, but by year-end 1999 that number rose to 42 percent,' said Avivah Litan, financial services research director at industry analyst firm GartnerGroup. To promote its enhanced service, TransPoint has begun a multimillion-dollar national advertising campaign. Ads will begin appearing this month in national and regional print and online publications, as well as on radio stations in major metropolitan areas. <snip>