Paytrust and Princeton eCom Announce Alliance to Expand E-Billing and Payment Capabilities; Partnership Expands Princeton eCom's Distribution Network.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--July 12, 2000 Princeton eCom, a leading provider of electronic business invoice and consumer 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. ) services, and Paytrust(R), a leading service that lets consumers receive, review, pay and organize all of their bills online, today announced a strategic agreement that will enhance both companies' electronic billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
The alliance allows billers who are working with Princeton eCom to access the Paytrust network of online consumers who are eager to receive and pay all of their bills electronically. Billers that work with Princeton eCom to deliver their bills through Paytrust can extend their reach to Paytrust's over 30,000 direct customers as well as customers served by "powered by Paytrust" Bill Centers delivered for American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , General Electric Financial Network, OnMoney.com, and other premier financial destinations. Paytrust customers will benefit from the round-trip electronic delivery and payment of bills from Princeton eCom's major online billers, including Ameritech, Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. , Cellular One, and Cinergy Corporation. Additionally, customers who receive bills presented by Princeton eCom will be able to view and sort bill details in several categories. "Princeton eCom's technology will allow us to provide our customers with a more interactive way to view, analyze and pay their bills online," said Edward G. McLaughlin, Paytrust's 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. . "This is another significant step forward in Paytrust's mission to move the world from paper billing to pure electronic processing." Ronald Averett, president of Princeton eCom, said the strategic alliance with Paytrust supports Princeton eCom's commitment to implementing universal bill distribution. "Our partnership with Paytrust is another step forward in our strategy to expand the sites where our billers can present bills to their customers," said Ronald Averett, president and COO of Princeton eCom. "The net result of this will be to further increase adoption of electronic bill presentment and payment See EBPP. by greater numbers of businesses and consumers." About Paytrust Using proprietary technology, Paytrust can deliver 100 percent of a subscriber's bills online or using a wireless device. Paytrust subscribers receive bill notifications and reminders via email rather than physical mail, and they can review their bill information from anywhere they have access to the Internet. Paytrust can issue payments directly from any check writing account designated by a customer, provide information that enables automatic checkbook balancing and supply data that a customer can download into their personal financial management software. Paytrust is the flagship service of PAYTRU$T, 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. based in Princeton, New Jersey
Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756. . Founded in October 1998, the company is financially backed by investors including American Express, AT&T Ventures, Citigroup, GE Equity, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , NextCard, SOFTBANK Venture Capital, Spectrum Equity Investors and Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. . More information on the company can be found on its Web site located at http://www.paytrust.com or by calling 1-800-PAYTRUST. About Princeton eCom Princeton eCom, a Princeton, N.J.-based company, is a leading application service provider in the fast-growing electronic bill presentment and payment (EBPP) industry and works with financial service companies and billers in the following industries: telecommunications, utility, cable, insurance, mortgage, media, retail and credit card. The company is a leading integrated electronic payment provider for the banking industry and provides hosting facilities for both EBPP business-to-business and business-to-consumer platforms. Princeton eCom offers e-bill distribution over the Internet to biller websites, portals, interactive content sites, financial institutions, and personal financial management (PFM) software. Princeton eCom also offers a billers' customers an integrated epayments solution via the Internet, telephone or any personal digital assistant. It was the first company to present an e-bill on the Internet and currently provides EBPP services to over 30 major online billers including Ameritech, Verizon Wireless, Cellular One, and Cinergy Corp. Princeton eCom's integrated electronic billing and payment solutions are used by more than 600 of the largest companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company provides a single point of contact for the entire EBPP solution-from integrated payment and presentment solutions to electronic collection services. Billing Concepts Corp. (Nasdaq: BILL), the lead investor in eCom, is a provider of billing solutions, products and services to the telecommunications industry. In addition to the Princeton eCom investment, Billing Concepts' Internet division provides Internet-based instant loan approval products to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. For more information visit http://www.princetonecom.com or call 800-PAYBILL. Paytrust is a registered trademark and Smart Balance is a trademark of PAYTRU$T, Inc. |
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