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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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