Derivion Joins MasterCard International's Bill Presentment and Payment Network to Expand E-Billing Services

Business Wire, August 16, 2000

Business Editors

ATLANTA, Ga. & PURCHASE, N.Y.--(BUSINESS WIRE)--Aug. 16, 2000

Agreement Opens MasterCard's System to More Billers and Banks

Increasing Options for Growing Number of Consumers

Derivion, the first application service provider (ASP) to deliver comprehensive e-billing solutions designed for the Internet, announced today an agreement that will open access to MasterCard's Remote Payment and Presentment Service (RPPS) for Derivion's increasing customer base of more than 60 billers.

The agreement increases biller selection to electronically deliver, present and provide access to bills online.

Derivion's agreement with MasterCard clears another path to a primary distribution channel for Derivion's e-billing customers. Developed specifically for the Internet, Derivion's ASP platform accepts all types of billing data to electronically transform any output for online presentment and payment enabling billers to adopt a viable e-billing solution that is a better way to communicate with customers. Customers have the option to manage their bills directly on the biller's Web site or choose from a wide range of online access points provided through distribution channels such as MasterCard's RPPS network.

"Derivion has demonstrated it can enable billers of all sizes with its unique, Internet-based e-billing solutions," said Cathleen Conforti, vice president, RPPS, MasterCard International. "The agreement with Derivion further streamlines the electronic nature of the RPPS process by expanding our connection to more billers enabled by Derivion. In turn, we offer these billers a direct electronic connection for presenting their bills to their customers via the Internet."

MasterCard RPPS provides participants with flexible connectivity to process transactions. Through this agreement, MasterCard will continue to act as a bill presentment and payment distribution network, offering Derivion's billing customers the ability to present bills through MasterCard's extensive connections and endpoints.

"MasterCard has 14 years of proven experience in remote payments and further strengthens Derivion's strategy by providing a single entry to multiple distribution channels with the most flexible, dynamic e-billing network on the market today," said Mark Dugan, senior vice president for Derivion. "Through the robust network of MasterCard RPPS, Derivion's e-billing clients now have even more choice for streamlining and digitizing the entire cycle of the e-billing process from bill origin to the numerous destinations and payments returned to the biller."

Derivion currently has multiple strategic agreements with major billing consolidators, processors and distributors giving billers a broad range of Web sites to manage and deliver bills for consumers to view and pay.

About Derivion

Derivion is the only e-billing ASP that fully leverages the flexibility and power of the Internet to automate the bill delivery, payment and customer care processes for companies driven by recurring billing such as telecommunications, utility, insurance and financial services companies. Derivion's inetBiller(SM) service provides complete e-billing implementation including electronic bill design, e-mail notification, bill presentment, payment processing, enrollment marketing and customer care for the business-to-consumer and business-to-business environment. These capabilities provide billers with a competitive advantage, enabling them to make bill delivery and bill payment simple and convenient for their customers and providing a path to e-bill consolidation at consumer access points as needed. The Atlanta-based company was founded in 1998 and maintains research, development and additional sales offices in Toronto. For more information about Derivion, please visit www.derivion.com.

About MasterCard International

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1 billion MasterCard(R), Cirrus(R) and Maestro(R) logos are present on credit, charge and debit cards in circulation today. An association comprised of 22,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. With more than 18 million acceptance locations, no card is accepted more places and by more merchants than the MasterCard Card. In 1999, gross dollar volume exceeded US$727 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com.