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News 2000

 
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CyberBills

www.statusfactory.com


Princeton eCom
www.princetonecom.com

FOR IMMEDIATE RELEASE
CyberBills and Princeton eCom Partner to bring Delivery of eBills Into the CyberBills Distribution Network
Alliance Will Enable Electronic Payments to be Electronically Posted toPrinceton eCom e-billers

SANTA CLARA, CA., March 20, 2000 (BUSINESS WIRE) - In a joint effort to provide increasingly broader distribution of electronic bills toconsumers, CyberBills and Princeton eCom today announced an alliance that will enable Princeton eCom todistribute electronic bills into the CyberBills' distribution network. In addition, this alliance brings highly advanced e-billing payment functionality toCyberBills' Total Bill Management™ service by enabling electronic payments from CyberBills' customers to be posted directly toPrinceton eCom's growing network of e-billers.

"We are pleased to have entered into this relationship," said Bob Murphy, vice president of marketing at CyberBills. "We believe it will give our customers greater control and flexibility with respect to the timing of their payments."

Princeton eCom's proprietary eLockbox solution posts electronic payments directly into a company's accounts receivable department, eliminating manual processing that sometimes occurs with electronic payments. With Princeton eCom's e-payment technology, CyberBills' customers will be able to make direct payments within a very short time of a bill's due date to a portfolio of e-billers that includes Bell Atlantic Mobile, Cinergy, National Utility Investors, and Los Angeles Department of Water and Power.

"Partnering with a consumer online bill presentment and payment leader such as CyberBills enhances our ability to provide broad distribution of bills over the Internet wherever consumers choose to pay their bills," said Ron Averett, president of Princeton eCom. "This relationship provides our billers with the potential toreach new customers who enjoy the convenience and practicality of managing bills online through StatusFactory.com or CyberBills' multiple channel partners."

About CyberBills
CyberBills, based in Santa Clara, Calif., is the first company to Offer Total Bill Management™ service over the Internet. CyberBills provides consumers and small businesses with a compelling and convenient way toview, pay, manage and automate all of their bills online, whether paper or electronic. Total Bill Management is available through CyberBills' channel partners as a private-label service and is also offered directly toconsumers at StatusFactory.com, a lifestyle portal. StatusFactory.com's service is backed by the "StatusFactory Guarantees" program, a comprehensive set of consumer guarantees, which include security, accuracy, timesavings, excellent customer service, and cost-savings, among others. CyberBills remains a pioneer in consumer and small business Internet services by continually expanding its vision of consolidating customers' daily tasks online. For more information about CyberBills, visit www.statusfactory.com.

About Princeton eCom
Princeton eCom, a privately-held, Princeton, N.J.-based company is a leading outsourced provider in the fast-growing electronic bill presentment and payment (EBPP) industry, which includes CheckFree and TransPoint, among others. It was the first company topresent an e-bill on the Internet and currently provides EBPP services toover 30 major online billers including Bell Atlantic Mobile, Cellular One, Adelphia Cable and Cinergy Corp. Its integrated electronic billing and payment solutions are used by more than 600 of the largest companies in the United States. The Company provides a single point of contact for the entire EBPP solution-from integrated payment and presentment solutions toelectronic collection services. Princeton eCom offers e-bill distribution over the Internet to Biller websites, portals, interactive content sites, financial institutions, personal financial management (PFM) software, and is the only provider to Offer a billers' consumers an integrated epayments solution via the Internet and telephone. Billing Concepts Corp. (Nasdaq: BILL), the lead investor in Princeton eCom, is a provider of billing solutions, products and services to the telecommunications industry. In addition to the Princeton eCom investment, Billing Concepts' Internet division provides Internet-based instant loan approval products to the financial services industry. For more information visit www.princetonecom.com

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