To: Julie Simmons who wrote (206 ) 3/31/1999 2:58:00 PM From: Redman Respond to of 918
Wednesday March 31, 2:28 pm Eastern Time Company Press Release Banks, Telcos and Utilities Throughout the UK and Europe to Use Internet to Deliver Bills, Going Online With 10 Billion Bills by 2003 PALO ALTO, Calif.--(BUSINESS WIRE)--March 31, 1999--According to the research firm of Killen & Associates, UK and European companies, including Barclays, Scottish Power, Telia (Sweden), Deutsche Telecom and others, will use the Internet to deliver 40% of their bills and statements within 5 years. By doing so, consumers will be able to log on to the Internet to view and pay their bills. Michael Killen, president of the research company and Silicon Valley TV talk-show host said, ''The companies that are first to issue bills over the Internet will gain a significant competitive advantage, reduce costs, and increase revenue from the Internet customers.'' The research firm has studied more than 50 companies around the world on how they are racing to apply electronic bill presentment and payment (EBPP) technology. Michael Killen will be the lead speaker in London on April 7 at the Radisson SAS Portman Hotel, where he will share findings of the research company's study with attendees of the IIR conference on telecommunications and bill presentment strategies. Later in the day he will discuss the study's findings with the UK business press. Members of the press who would like to meet with Killen should contact Bob Gaertner at bob@killen.com or tel: 650/617-6139, to schedule a private meeting. Killen & Associates is the leader in tracking and forecasting business opportunities created by the advances of Internet billing and payments. The company offers its customers studies on topics including EBPP Markets and Suppliers, Retail and Wholesale Banks' Opportunities and Threats, Billers and Their Payment Strategies, and Global Cash Management Services for the Business Market. Killen also offers a set of video interviews of how executives envision the growth of Internet billing and payments. For additional information, visit Killen & Associates' Web site, killen.com . Contact: Jules Street, jules@killen.com, or Karl Duffy, karl@killen.com, tel 650/617-6130, fax 650/617-6140. Editors wishing to interview Michael Killen on Monday, April 5 or Tuesday, April 6, 1999, should contact Bob Gaertner in Palo Alto, CA, tel: 650/617-6130, email: bob@killen.com Contact: Killen & Associates Jules Street, jules@killen.com Karl Duffy, karl@killen.com