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To: StocksMan who wrote (19679)	8/4/2002 5:09:13 PM
From: bsl113	Respond to of 20297

HEADLINE: ELECTRONIC BILL PAYMENTS ARE SURGING THIS MONTH Copyright 2002 American Banker-Bond Buyer a division of Thomson Publishing Corporation CardLine August 2, 2002 SECTION: Vol. 2; No. 31; Pg. 1 LENGTH: 188 words BODY: About 150 million consumer bills will be routed through electronic billing payment and presentment systems this month, a 275% increase from the 40 million bills routed through EBPP systems in July 2001, Beth Robertson, senior analyst with Needham, MA-based The Tower Group Inc., tells CardLine. But this July's EBPP bills represent only 1% of the total 16 billion consumer bills, says Robertson. She estimates by 2006 that 2.5 billion bills, or 14% of the total 17.3 billion consumer bills will route through EBPP. Last year, Tower estimated all billers, including card issuers, could save $5.5 billion if consumers adopted EBPP. "On the billers' side, the savings are apparent and that's why this is moving forward," says Robertson. Metavante Corp. announced Monday its acquisition of switching software provider Spectrum EBP LLC, following its purchase of online bill manager Paytrust, Inc. July 2 (CardLine, 7/29). The acquisitions mean Metavante and CheckFree Corp. are the only full-service providers in the EBPP market to consumers, says Robertson. Copyright c 2002 Thomson Media. All Rights Reserved LOAD-DATE: August 02, 2002