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CONTACT INFORMATION
FOR IMMEDIATE RELEASE billserv.com
to provide Electronic Bill Presentment and Payment Services to Alameda
Power & Telecom
SAN ANTONIO, TX, November 14, 2000 - billserv.com, Inc.
(Nasdaq: BLLS), the leading electronic bill presentment and payment
service bureau, today announced it has signed a long-term agreement
to provide an electronic bill presentment and payment (EBPP) system
for Alameda Power & Telecom, (Alameda), a department of the
City of Alameda, that will allow Alameda todistribute its customers'
bills via the Internet within the next several months.
The new EBPP system will enable Alameda Power & Telecom's
customers toview and pay their bills at a variety of front-ends
such as banks, portals and billing aggregation sites including
bills.com, billserv's own bill payment portal. billserv.com currently
has agreements with every major billing consolidator including
CheckFree, TransPoint, Bank of America, Spectrum, MasterCard RPPS,
Paytrust, CyberBills, and BillingZone, giving companies and customers
a wide selection of Web sites to Deliver, view, pay, and manage
bills.
billserv.com's end-to-end EBPP solution will include processing
Alameda Power & Telecom's customer billing data, delivering
it to Billing consolidators, and then processing customer payments
back toAlameda.
"We're delighted to be working with Alameda Power &
Telecom in developing and implementing its first EBPP solution,"
said Michael Long, chairman and CEO of billserv.com. "Alameda
Power & Telecom fits well with our service bureau model, and
we look forward toenabling their customers toview and pay their
electric utility bills online."
"Electronic bill payment services allow a customer focused
organization such as Alameda to expand upon its tradition of customer
service by offering Internet based transactions in a safe, secure
and reliable environment", said Terry Ambrose, customer service
manager of Alameda Power & Telecom. "Our arrangement
with billserv.com will allow us to Deliver to our customers all
of the advantages the Internet has to Offer".
In signing Alameda, billserv.com now has 33 biller relationships
contracted representing 50 billers. billserv.com's customer base
totals approximately 2.3 billion paper bills annually, which equates
to11.5 % of all paper bills produced in the U.S. each year. Of
the 50 billers, 24 are in a production environment stage with
the remaining 26 in various stages of implementation.
About Alameda Power & Telecom
Alameda Power & Telecom was founded in 1887 and is one of
the oldest operating electric utilities in the world. Alameda
Power & Telecom distributes electrical services tomore than
32,000 customers of the island city of Alameda, located in the
heart of the metropolitan San Francisco Bay area, and is rapidly
expanding its consumer reach toinclude internet and telecommunications
services.
About billserv.com, Inc.
billserv.com, Inc. is the leading electronic bill presentment
and payment service bureau that provides billers with a turnkey
outsourcing solution for presenting bills toconsumers for payment
on the Internet. billserv.com serves an intermediary role between
billers and bill aggregators by consolidating customer billing
information from multiple billers, and then securely delivering
it toaggregators. billserv.com has five product offerings: eServ(SM),
Internet billing clearinghouse services for EBPP; ePublishing(SM),
electronic publishing services for online statement delivery;
eCare(SM), an interactive customer care center operation; eConsulting(SM),
professional consulting services for billing organizations offering
in-house bill presentment; and ASP Gateway Services, a service
that provides billers who already have an in-house EBPP system
with limited distribution points, a solution to Deliver e-bills
tovirtually any distribution point across the Internet. billserv.com
also owns bills.com, the first Internet portal dedicated toEBPP,
where consumers can pay all their bills electronically. Additionally,
billserv.com is CheckFree's first Certified Premier Partner. For
additional information, visit www.billserv.com
or call (210) 402-5000.
With the exception of historical information contained in this
release, this release includes forward-looking statements made under
the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements involve risks and
uncertainties that could cause actual results todiffer materially
from those in the forward-looking statements, including but not
limited to the following: product development difficulties; market
demand and acceptance of products; the impact of changing economic
conditions; business conditions in the internet, financial services
and related industries; reliance on third parties including potential
suppliers, licensors and licensees; the impact of competitors and
their products; risks concerning future technology; and other factors
detailed in this release and in the Company's Securities and Exchange
Commission filings.
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