BillMatrix CEO Presents Assessment of Payment Cards at Philadelphia Federal Reserve; Offers Biller's Perspective on New & Growing Electronic Payment Products.

DALLAS -- Scott Walker, Chairman and CEO of BillMatrix Corporation, a provider of outsourced telephone and Internet-based payment services, will be participating in a panel discussion tomorrow on "Innovation and Emerging Market Structures: A Changing Landscape for Financial Service Providers" at a conference sponsored by the Payment Cards Center of the Federal Reserve Bank of Philadelphia. The conference, "Payment Cards and the Unbanked: Prospects and Challenges", will bring together industry experts, researchers and policy makers in a search for insights into the ways in which financial services, including electronic bill payment, may be provided in efficient and effective ways.

Walker will rely on BillMatrix' decade of experience in providing electronic payment services to consumers on behalf of billers to review the risks and costs of the payment mechanisms currently in use by the un/underbanked demographic. He will then underscore the benefits of converting to self-service electronic bill payment, readily available via a telephone user interface, which for this population has been facilitated by the growth in payroll cards, general purpose prepaid cards and other stored value products.

About the Payment Cards Center

The Payment Cards Center was established to serve as a source of knowledge and expertise on this important segment of the financial system, which includes credit cards, debit cards, smart cards, stored-value cards, and similar payment vehicles. Consumers' and businesses' evolving use of various types of payment cards to effect transactions in the economy has potential implications for the structure of the financial system, for the way that monetary policy affects the economy, and for the efficiency of the payments system.

About BillMatrix Corporation

BillMatrix Corporation provides outsourced payment services for the nation's largest companies using the latest automated consumer interface technologies. Founded in 1994 and headquartered in Dallas, BillMatrix works with corporations in the telecommunications, utility, insurance, mortgage and financial services industries to replace expensive, paper-based methods of remittance with a set of convenient, labor- and cost-saving electronic transactions. Consumers are able to make payments in a private and secure manner, via the Internet and telephone, using a variety of credit card, ATM/debit card, and electronic check payment options. BillMatrix maintains a fully staffed customer service organization to support both its clients and their consumers with any payment issues. For more information, visit www.BillMatrix.com or call 800-596-0221.