To: Teri Garner who wrote (74660 ) 5/12/1999 12:22:00 PM From: Doug Robinson Respond to of 119973
BLLS News-billserv.com Signs Agreement With CyberCash to Re-Market Internet Payment Solutions; CyberCash Agreement Gives billserv.com Customers Additional Payment Options BUSINESS WIRE - May 12, 1999 12:17 SAN ANTONIO (May 12) 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) 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."