billserv.com Launches bills.com, an Internet Portal for Consumers to Pay All Bills Online at No Cost

Business Wire, Feb 22, 2000

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SAN ANTONIO--(BUSINESS WIRE)--Feb. 22, 2000

bills.com offers industry's longest free trial for electronic

bill payment

billserv.com, Inc. (OTC BB:BLLS), a leading electronic bill presentment and payment (EBPP) service bureau, today announced the official launch of bills.com (www.bills.com), an Internet portal and personal bill management service that lets consumers pay all their bills online.

To kick off bills.com, the company is offering consumers free bill payment services for six months, the longest free trial period available in the industry. Beginning today, consumers can register at www.bills.com, and start paying their bills in less than one week, after receiving authorization information in the mail.

bills.com stands to benefit from last week's merger of CheckFree and TransPoint, which some industry observers believe will accelerate the adoption of EBPP by billers, and make it more convenient for consumers to pay all their bills online.

"We've developed bills.com to be the ultimate consumer portal for bill paying, enabling consumers to pay all of their bills electronically from any computer connected to the Internet," said David Jones, president of bills.com, and co-founder of billserv.com. "Everything a consumer needs to manage all their bills, plus get useful financial information, is now available at one convenient, easy-to-remember address: bills.com. To help accelerate consumer adoption of electronic bill payment, we're also offering our service at no cost for six-months. Afterwards, we may implement a competitively priced fee structure."

In addition to bill payment services, bills.com offers consumers a variety of up-to-date financial and investment information provided by InfoSpace.com, including stock quotes, market indicies, company profiles, SEC filings, financial message boards and insurance quotes. bills.com, a wholly owned subsidiary of billserv.com, will integrate the front-end bill payment technology from CheckFree, a billserv.com partner.

"The more locations where consumers can view and pay their bills online, and front-ends where companies can present them, the quicker that online billing will reach the masses," said Paul Hughes, research director of the Yankee Group. "For consumers wanting to view and pay their bills online, bills.com offers an inexpensive, easy-to-find location that could help drive adoption rates, benefiting the industry as a whole."

Central to bills.com's convenience is the ability for consumers to pay any bill they receive on a recurring basis; eliminate the time and hassle of writing paper checks, buying stamps and mailing bills; automate regular payments; monitor unpaid bills; view payment schedules; and set reminders to ensure bills are always paid on time. Consumers can pay any bill, whether or not it is delivered electronically, as well as pay family or friends through CheckFree's "pay everyone" capabilities.

Consumers also will be able to both receive and pay electronic bills from billers that partner with billserv.com, such as Ultramar Diamond Shamrock and Sallie Mae, in addition to a leading number of top national billers that provide electronic billing and payment through CheckFree.

To ensure security, bills.com employs strong 128-bit site encryption technology, with all transactions backed by the CheckFree Guarantee, a program that protects against unauthorized transactions or processing delays. More information about the CheckFree Guarantee and full terms and conditions are available at http://www.checkfree.com/checkfreeguarantee.

About billserv.com

billserv.com, Inc. (OTC BB:BLLS) is an electronic bill presentment and payment service bureau that provides billers with a turnkey outsourcing solution for presenting bills to consumers 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 to aggregators. billserv.com has four 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; and eConsulting(SM), professional consulting services for billing organizations offering in-house bill presentment. billserv.com also owns and develops bills.com, the first Internet portal dedicated to EBPP where consumers can pay all their bills electronically. For additional information, visit http://www.billserv.com or call 210/402-5000.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.