Billeo, Inc. Launches Next Generation Bill Pay Service.CUPERTINO, Calif. -- Free Tool Enables Consumers to Easily View and Pay Bills at over 4,200 Biller Websites, Make Last Minute Payments and Pay with a Credit Card Billeo, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in Silicon Valley, today announced the launch of their bill pay service that enables US consumers to gain greater convenience and control over how they view, pay and manage their bills. Coupling innovative toolbar A row or column of on-screen buttons used to activate functions in the application. Many toolbars are customizable, letting you add and delete buttons as required. Toolbars may be fixed in position or may float, which means they can be dragged to a more convenient location in the and web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. technologies with the largest backend directory of billers, Billeo delivers a fresh approach to online bill pay. Available free to consumers, the service was developed to address the needs of those who have discovered the advantages of visiting billers' websites to make last minute payments, pay bills with a reward-points credit card, view detailed statements and access self-service features. Billeo consolidates bill management tasks while making it simple to visit multiple biller sites. Consumers who currently use a bank's online bill pay service can also use Billeo to realize the benefits of biller-direct payments. These customers can continue using their bank's service for the few remaining bills which can't be paid directly on a website. Promoting the Trend Beyond Online Banking "For years, we've all been hearing about how biller-direct online payments will become the new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. for both consumers seeking more convenience and control, and companies seeking a more direct interaction with their customers," said Billeo, Inc. President, Nancy Langer. "But until now, the process of going from site to site has proven too tedious to promote widespread adoption. Billeo provides a simple, free tool that empowers consumers and makes biller-direct payments and bill management both convenient and beneficial to them." "With Billeo, EBPP (Electronic Bill Presentment and Payment) Sending invoices to customers over the Internet. When payment is due, an e-mail is sent with a link to a Web page that contains the billing information and the payment services that are supported. (electronic bill presentment and payment See EBPP. ) consolidation is no longer tied to online banking, but to the Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. ," said Gwenn Bezard of Aite Group. "While CheckFree (Nasdaq:CKFR CKFR Checkfree Corporation (stock abbreviation, AMEX) ) turned EBPP consolidation into a fixture of online banking, Billeo may well make EBPP consolidation a fixture of Web surfing Refers to jumping from page to page on the Web. Just as in "TV channel surfing," where one clicks the remote to go from channel to channel, the hyperlink on Web pages makes it easy to jump from one page to another. ." To use the service, individuals need to register for a free Billeo account and download a small toolbar plug-in for the Internet Explorer Microsoft's Web browser, which comes with Windows starting with Windows 98. Commonly called "IE," versions for Mac and Unix are also available. Internet Explorer is the most widely used Web browser on the market. It has also been the browser engine in AOL's Internet access software. browser. Convenience and Control for Both Power Users and Neophytes The toolbar serves as the user's personal assistant for online bills, making it easy to log in to their various accounts, and eliminating the problem of forgotten passwords. By using the auto-fill function to provide 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. or checking account information, users can quickly complete payment transactions. Plus, a record keeping feature allows customers to save a snapshot of their payment confirmation pages. Additionally, Billeo can even generate automatic payment reminders to help keep customers from forgetting to pay a bill. Users can keep track of all online payments in one location and receive all bill-related email in a separate @billeo.com Inbox. Works for More Than Just Bills Billeo's powerful functionality can be used for virtually any website, providing assistance with login information, passwords and auto-fill functions. And its page saving feature allows users to make a quick jpeg snapshot of any webpage in their browser -- such as a travel itinerary or a news story -- that they can archive or email to others. "During beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the , many people adopted the tool's extra features to assist them with managing their non-biller websites," said Raj Lalwani, Billeo, Inc. founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We knew they'd love the Billeo toolbar's core functionality, but we were pleasantly surprised by how many people used and really appreciated the extra features we built into it." Consumers can go to www.billeo.com and sign up for a free Billeo account. Card Issuers and Billers Can Distribute Billeo to Their Consumers By promoting paying bills with a credit card, issuers can tap into a trillion-dollar opportunity with consumers and small businesses (source: Visa USA PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and ). Billeo provides a unique opportunity for card issuers to accelerate the adoption of plastic for paying bills and all eCommerce purchases. When a card issuer signs up to distribute the Billeo toolbar, their customer's card will be preloaded in the Billeo e-wallet, with "top-of-the-wallet" placement. "Billeo's toolbar participates in the trend toward a greater usage of cards in recurring payments," said Gwenn. "We see Billeo's simple concept far more threatening for the legacy processors than Yodlee's solution that has yet to mature." Billers can freely distribute the product to their customers, as well. Billeo can enhance the user's experience of interacting with a biller's website; and these businesses can quickly realize an increase in e-payments and self-service. Companies can also sign up for fee-based premium services that steer consumers to self-service, target promotions to them when they are paying bills and deliver secure email communications. "Because Billeo uses patent-pending machine learning and does not perform any website scraping or data management, and we do not participate in the payment infrastructure -- we leverage the billers' -- we offer a much lower cost of ownership and delivery versus our competitors," said Nancy Langer, president of the company. About Billeo, Inc. Billeo is a privately held firm in Silicon Valley, California. Its unique toolbar solution and the largest biller directory in the industry offer consolidation of online bills for consumers. Billeo works without any data aggregation or screen scraping. Billeo -- Your personal assistant for online bills. |
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