Dow Jones & Company Signs Agreement With billserv.com For Electronic Bill Presentment and Payment Services.Business Editors & High Tech Writers SAN ANTONIO--(BUSINESS WIRE)--April 17, 2000 billserv.com, Inc. (Nasdaq:BLLS), an electronic bill presentment and payment See EBPP. (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. ) service bureau, today announced that Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company (NYSE NYSE See: New York Stock Exchange :DJ) has signed an exclusive, multi-year agreement with billserv.com to develop an EBPP system that, when successfully implemented, will enable Wall Street Journal and Barron's subscribers to receive and pay their subscription bills from multiple Web sites. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Dow Jones publishes business and financial news and information. billserv.com will implement an aggregator billing model, enabling Wall Street Journal and Barron's subscribers to pay their monthly subscription bills at the multitude of Web sites offered through the consolidators, including Internet portals and billserv.com's own Internet bill-paying portal, bills.com. billserv.com currently has agreements with all major billing consolidators including CheckFree, TransPoint, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Paytrust and CyberBills. Through its end-to-end EBPP solution, billserv.com will implement all components of the electronic billing systems including processing customer billing data, delivering it to billing consolidators, and then processing customer payments back to Dow Jones. The electronic billing system is expected to be available to subscribers in September. "As one of the world's most influential publishing organizations, Dow Jones represents an important customer for billserv.com, and we're pleased to enable Dow Jones to expand the convenience of electronic billing to its customers," said Michael Long, chairman 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. of billserv.com. "Electronic billing continues to grow among consumers, and we're excited that industry-leading companies like Dow Jones are looking to Internet billing as an important means to broaden their current services to consumers." About Dow Jones & Company Dow Jones & Company (NYSE:DJ; www.dj.com) publishes The Wall Street Journal and its international and online editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Excite@Home of Work.com, and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. About billserv.com, Inc. billserv.com, Inc. (Nasdaq: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. |
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