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GTE Customers Can Now View and Pay Bills Online Through Quicken and Quicken.com.

Business Editors/High-Tech Writers

IRVING, Texas--(BUSINESS WIRE)--June 28, 2000

New Service Offers One-Click Control for Consumers Who Want To Use

the Web to View, Track and Pay Bills

GTE (NYSE:GTE) and e-finance leader Intuit Inc. (Nasdaq:INTU) announced today that GTE local, long distance and wireless customers are able to receive and pay their GTE bills online through Intuit's electronic bill presentment and payment service in Quicken and Quicken.com, and also available in the Quicken.com service on Excite (http://quicken.excite.com) and WebCrawler (http://quicken.webcrawler.com).

"Our research showed that products from trusted finance-oriented companies, such as Intuit, are ideal for our customers to take advantage of electronic bill payment and presentment," said Jeff Rudluff, director of Web commerce for GTE. "Our relationship with Intuit gives GTE customers an extremely convenient and widely available online billing service at several popular, multi-service Web sites. GTE customers now have more flexible and convenient online billing and payment options than ever before."

Through Intuit's Web-based billing service, millions of GTE customers are now able to easily manage their bills using the same personal finance tools many consumers use to manage the rest of their financial lives. Consumers can sign up for this service on Quicken.com at www.Quicken.com/bills or can get more information on accessing this service through Quicken at www.intuit.com/bills.

"Enabling consumers to use the Web to pay their bills makes it even easier for these users to manage their day-to-day finances," said Ole Eichhorn, general manager of Intuit's Web Pay business. "By offering this service to GTE customers, Intuit brings the convenience of online payment options to more consumers, enabling them to save time and money."

GTE E-Commerce Strategy

GTE recently introduced online billing through its corporate Web site, www.gte.com. GTE has a fully interactive bill presentation that gives customers the capabilities to research past statements, dispute charges, analyze bills or sort calls any way they want: by time of day, city called, dollar value or duration. Customers are able to identify unfamiliar phone numbers with the reverse number look-up feature.

Online billing comprises one part of GTE's customer centric e-commerce strategy. GTE has simplified processes for online shopping and added new features such as Manage My Account and Quick Pay to add more convenience to GTE.com. With these new features, GTE moves closer to its goal of being the most customer focused telecommunications provider on the Internet.

Intuit's Electronic Bill Presentment and Payment Service

Intuit's EBPP service is the first Web-based bill presentment and payment service to provide a central point of access for consumers to view, track and pay all their bills from the same site they use to manage the rest of their financial information. Using this service, consumers can also pay anyone in the U.S. and will soon be able to view any of their other bills online, whether they originate as electronic or "hard copy" paper bills.

Intuit has been supporting online bill payment and presentment through Quicken since 1997 and last year launched its comprehensive Web-based service on Quicken.com and will soon offer it on other portals. Intuit's bill payment and presentment service is part of MyFinances, a new suite of services that allows consumers to view and manage their finances anywhere using a Web browser. MyFinances is a personalized financial "dashboard" that allows consumers to view and pay all their bills, manage multiple investment portfolios and view credit card and bank account balances -- all from a single Web site.

Intuit uses processing services from CheckFree Corporation to present and pay electronic bills. CheckFree has a Guarantee Program that limits consumer liability and protects against unauthorized transactions or processing delays. Intuit offers electronic bill presentment and payment services through Quicken.com and other portals pursuant to a license agreement between Intuit Inc. and a joint venture company in which Intuit is a participant.

About GTE

With 1999 revenues of more than $25 billion, GTE is a leading telecommunications provider with one of the industry's broadest arrays of products and services. In the United States, GTE provides local service in 28 states and wireless service in 18 states, as well as nationwide long-distance, directory, and internetworking services ranging from dial-up Internet access for residential and small-business consumers to Web-based applications for Fortune 500 companies. Outside the United States, the company serves customers on five continents. Additional information about GTE can be obtained at http://www.gte.com.

GTE's community and philanthropic programs target excellence in education, particularly math, science, technology and literacy. GTE also supports job training, delivery of health and human services, and the arts. The company's newest program is GTE Reads, a public charity designed to create public awareness, increase fundraising and support organizations dedicated to improving America's literacy levels. GTE customers can contribute to GTE Reads by checking off a box on their bill. Others can contribute through GTE Superpages.com (http://www.superpages.com).

About Intuit

Intuit Inc. (Nasdaq:INTU) is the leader in e-finance, including financial software and Web-based financial services for consumers and small businesses. Intuit develops and markets QuickBooks(R), the most popular small business accounting software; Quicken(R), the leading personal finance software; and TurboTax(R), the best-selling tax preparation software. An innovator in delivering Web-based financial tools, Intuit is the leading provider of online tax preparation and filing and online mortgages. Intuit is also breaking new ground as a leader in online bill presentment and payment, and in the delivery of its QuickBooks Internet Gateway platform of connected e-services for small businesses.

Intuit's Quicken.com(R) Web site (www.quicken.com) is a leading financial site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.

Quicken, QuickBooks and TurboTax are registered trademarks of Intuit Inc. Excite and Webcrawler are service marks or registered service marks of At Home Corporation in the United States and other countries.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 28, 2000
Words:1015
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