(COMTEX) B: DocuCorp and TransPoint Join Forces for Online Bill Payme
B: DocuCorp and TransPoint Join Forces for Online Bill Payment to Enable Major
National Companies to Rapidly Implement E-Billing Alliance Enhances Electronic
Bill Payment Choices for DocuCorp Clients, Brings E-Bills to 20 Million More
Consumers
ENGLEWOOD, Colo., and DALLAS, Mar 30, 2000 /PRNewswire via COMTEX/ --
TransPoint LLC, a leader in electronic bill presentment and payment (EBPP), and
DocuCorp International Inc. (Nasdaq: DOCC), a leading provider of document
automation software, today announced an agreement that will allow DocuCorp
clients to offer the TransPoint(TM) online bill payment service to their
customers. As part of the agreement, DocuCorp will resell the TransPoint online
bill payment service to its clients, which represent approximately 20 million
bills per month.
"With the TransPoint agreement, DocuCorp will be able to offer its clients more
choices in the ability to present bills and receive payments from their
respective customers," said Kerry LeCrone, senior vice president of services at
DocuCorp. "DocuCorp has had the ability to deliver electronic documents over the
Internet for quite some time. With the addition of TransPoint to handle the
payment portion, we are expanding customers' ability to fully complete the
billing process electronically."
"Our goal has been to make the service readily available to as many billers and
consumers as possible," said Lewis Levin, president and CEO of TransPoint. "Our
relationship with DocuCorp will make it easy and efficient for its software and
data center customers to participate with the TransPoint service. In addition,
this alliance will provide TransPoint with access to three unique industries
that we have tremendous interest in offering through our service: insurance,
utilities and financial services."
Through TransPoint's online bill payment service, consumers can view and pay
bills that arrive electronically through TransPoint, pay bills that arrive
through the U.S. Postal Service, and pay nearly anyone else to whom they would
normally write a check. Currently, the TransPoint online bill payment service is
available to consumers through the MSN MoneyCentral online personal finance
service at moneycentral.msn.com, the TransPoint Web site at
transpoint.com, the Compass Bank Web site at
compassweb.com, and the InterWest Bank Web site at
interwestbank.com. Several other popular Internet destination sites
and consumer service providers have committed to going live with TransPoint in
the next few months.
About DocuCorp
DocuCorp markets a portfolio of Internet and print document automation software
products that create, publish, manage and archive complex, high-volume,
individualized documents for customer-driven companies. It also offers
application service provider (ASP) hosting of Internet-enabled document
automation solutions, such as customer statements and billings, electronic bill
presentment and payment, insurance policy production, and electronic document
archival. DocuCorp has an installed base of more than 900 customers, including
many of the largest insurance, utility and financial services organizations.
Headquartered in Dallas, DocuCorp has major facilities in Atlanta and Silver
Spring, Md. The company also maintains offices in London; Portland, Maine; and
Bedford, N.H. DocuCorp is a Safeguard Scientifics Inc. (NYSE: SFE) partnership
company. More information is available on DocuCorp's Web site, at
docucorp.com.
About TransPoint
TransPoint, established in June 1997, is a joint venture of Microsoft Corp.
(Nasdaq: MSFT) and First Data Corp., with Citibank as a minority equity
investor. Englewood, Colo.-based TransPoint is a leader in the emerging EBPP
industry, with a seamless e-bills service built from the ground up. The
TransPoint system uses innovative technology and integrates easily with billers
and banks' existing payment systems. The TransPoint service is designed to be
the fast, easy way for consumers with Internet access to make all their payments
online from a single, secure Web site. Consumers can pay their bills at multiple
Internet locations, including the MSN MoneyCentral online personal finance
service, the TransPoint Web site, and the Web sites of participating financial
institutions.
On Feb. 15, 2000, TransPoint entered into a definitive merger agreement with
CheckFree Corp., a leader in electronic billing and payment. The combined
technologies and relationships of the two entities are expected to accelerate
the shift of the billing and payment process from paper to the Internet and to
advance the rate at which consumers sign up for electronic billing. The
transaction will be accounted for as a purchase by CheckFree and is expected to
be final in four to six months. More information about TransPoint is available
at transpoint.com.
NOTE: TransPoint is an exclusive U.S. trademark of TransPoint LLC. The names of
actual companies and products mentioned herein may be the trademarks of their
respective owners.
SOURCE TransPoint LLC
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: press only, Talia Beck of Shandwick, 612-346-6165, or
tbeck@shandwick.com, for TransPoint LLC; or Elliott Tucker of
DocuCorp,
214-891-6513, or etucker@docucorp.com
KEYWORD: Washington
Colorado
Texas
INDUSTRY KEYWORD: CPR
MLM
SUBJECT CODE: CON
URL: docucorp.com
firstdatacorp.com
citibank.com
microsoft.com
transpoint.com
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