DocuCorp Enters into Marketing Agreement with BillMatrix; Bill Payment Option Improves Financial Management, Consumer Relationships.
DALLAS--(BUSINESS WIRE)--Jan. 3, 2001
DocuCorp(R) International (Nasdaq:DOCC), a leading provider of enterprise information solutions, today announced a marketing agreement with BillMatrix Corporation, a leading provider of comprehensive electronic bill payment solutions and services over the telephone and Internet. Under the agreement, DocuCorp will market BillMatrix' services to current and prospective clients.
By offering electronic payment options, BillMatrix customers are able to improve financial management by accelerating the collection process, lowering collection costs and reducing lost revenue from service interruptions.
"Our state-of-the-art electronic bill payment system allows businesses to offer each customer an individualized approach to managing their financial lives by allowing them to control the amount, timing and method of payment that works best for them," said Scott Walker, CEO of BillMatrix. "In addition, our services can be implemented without disrupting any existing company systems, and payments will be authorized and posted in real-time."
"Eighteen percent of U.S. households currently pay some bills electronically," said William D. Barry, senior vice president of marketing for DocuCorp. "By 2004, projections indicate as many as 20 million individuals will pay their bills online, and the market is expected to top $73 million. By partnering with BillMatrix we can work together to enhance the bill paying process for consumers while also providing our clients with desired cost savings."
With BillMatrix, consumers can pay their bills anywhere or anytime via the Internet or telephone using credit, debit or ATM cards, as well as electronic checks, eliminating the need to mail checks, obtain money orders or make payments in person. Many of the nation's largest bill presenters, including Zurich, AirBorne Express, Verizon, TXU (Texas Utilities), Georgia Power and AT&T Wireless, currently use BillMatrix as a payment option.
BillMatrix Corp. provides consumers bill payment and presentment via the Internet and telephone using a variety of credit card, debit card 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 and government entities as customers. BillMatrix partners with organizations to offer fully integrated, real-time, cost-effective, B2B2C 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.
DocuCorp is the authority in providing dynamic solutions for acquiring, managing, personalizing and presenting enterprise information. Servicing the entire enterprise information lifecycle, DocuCorp's information software, application service provider (ASP) hosting and professional consulting services enable companies to implement solutions in-house or fully outsource to DocuCorp. The company has an installed base of more than 900 customers, including many of the largest insurance, utility and financial services organizations.
Headquartered in Dallas, DocuCorp has major facilities in Atlanta and Silver Spring, Md. The company also maintains offices in London, Portland, Maine, and Bedford, N.H.
DocuCorp is a Safeguard Scientifics (NYSE:SFE) partner company. For more information, visit DocuCorp's Web site at www.docucorp.com.
Certain information contained in this news release may include "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, included herein are forward-looking statements. These statements involve risks and uncertainties, such as competition, technological developments, loss of significant customers and the other factors discussed in the Company's periodic reports filed with the Securities and Exchange Commission, that could cause the Company's actual results to differ materially from those expressed or implied by these forward-looking statements.
DocuCorp is a registered trademark of DocuCorp International.