BillMatrix Corporation Enters into Marketing Agreement with Investor, American Payment Systems.Business/Technology Editors DALLAS--(BUSINESS WIRE)--March 13, 2001 BillMatrix Corporation (BillMatrix), a leading provider of comprehensive electronic bill payment solutions and services over the telephone and Internet, today announced a marketing agreement with American Payment Systems (APS), a non-regulated business unit of The United Illuminating The United Illuminating Holdings Corporation (UI) is an electricity distributor for southern Connecticut. It currently serves roughly 320,000 customers in 17 municipalities in the Greater Bridgeport, New Haven, and Lower Naugatuck Valley regions. Company (NYSE NYSE See: New York Stock Exchange :UIL UIL - User Interface Language ). Under the agreement, BillMatrix and APS will market each other's products and services to current and prospective customers. In conjunction with this marketing agreement APS has made an investment in BillMatrix and its continued success. BillMatrix' electronic bill payment options over the telephone and Internet are a complimentary addition to APS' already well established walk-in and automated bill payment systems. By utilizing either or both services, BillMatrix and APS customers improve their financial management by accelerating the collection process, lowering collection costs and reducing lost revenue from service interruptions. "We look forward to working with APS to offer utility companies even greater bill payment options," said Scott Walker Scott Walker can refer to more than one person:
tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. approach to managing bill payments." With BillMatrix, consumers can pay their bills anytime or anywhere by using the telephone or Internet with their credit, debit or ATM card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: Corey Stone, Senior Vice President of Business Development for APS added, "Electronic bill payment is projected to grow exponentially as consumers become more comfortable with and aware of its convenience and security. BillMatrix services offer our customers the added convenience of telephone and Internet bill payment options." About BillMatrix BillMatrix Corporation provides consumers bill payment and presentment via the Internet and telephone using a variety of credit card, debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. and electronic check payment options. Founded in 1994 and headquartered in Dallas, BillMatrix includes some of the United States' largest cellular, utility and insurance companies as customers. BillMatrix partners with organizations to offer fully integrated, real-time, cost-effective, B2B2C B2B2C Business to Business to Consumer outsourcing of the bill payment and bill presentment process. Consumers are able to pay bills at their convenience using their choice of payment options in a private and secure manner. For more information, visit BillMatrix web site at www.billmatrix.com or call 214/750-2700. About APS American Payment Systems, based in Hamden, CT, operates the largest network of retail bill payment agents in North America. APS contracts with over 100 energy utilities and telecommunications companies and in 2000, collected nearly 90 million bills. APS collects bill payments through over 6000 retail locations in 45 states. APS is a business unit of UIL Holdings, a publicly held (NYSE:UIL) utility holding company based in New Haven, CT. For more information, visit APS on the web at www.apsnet.com. |
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