U.S. Clearing Launches 'MyBillCenter,' Powered by Paytrust; U.S. Clearing Extends its Suite of Services to Include New Online Bill Management Offering.Business/High Tech Editors 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 and LAWRENCEVILLE, N.J.--(BUSINESS WIRE)--Aug. 20, 2001 U.S. Clearing, a division of Fleet Securities, Inc. and Paytrust(R), the leading online bill management service, today announced the launch of MyBillCenter. This new addition to U.S. Clearing's comprehensive suite of online 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. is powered by Paytrust and enables consumers to receive, review, pay and organize all of their bills online through MyBillCenter, now available at http://mybillcenter.paytrust.com. MyBillCenter is currently being offered to Valet Asset Management Account holders that U.S. Clearing services through its correspondent broker-dealer firms. It is also available to consumers directly at http://mybillcenter.paytrust.com. The service truly simplifies the bill management process, as it provides the ability for consumers to receive and pay 100% of their bills online at anytime, from anywhere. MyBillCenter delivers convenient email notifications when bills arrive and timely reminders when they are due to virtually eliminate missed payments and late fees. The complete bill management service includes detailed reporting to ensure that consumers always have all of their billing information readily at their disposal. In addition, the service can be customized to pay certain bills automatically upon receipt, streamlining the bill payment process even further. "MyBillCenter is clearly a natural extension of the Valet Asset Management Account, an all-inclusive banking and brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. that consolidates consumers' investment portfolios with their cash management needs in order to help them manage their assets more efficiently," said Roxanna Guinan, Vice President of U.S. Clearing. "Paytrust's industry-leading service was the clear choice in terms of providing our correspondents' customers with all of the tools they need to take even more control of their personal finances. Because managing your bills is a mandatory activity, we can potentially service every one of our correspondents' customers." "Partnering with U.S. Clearing furthers our strategy of partnering with premier financial institutions to extend their offerings with a complete, consumer-focused bill management solution," said Edward G. McLaughlin, 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 Paytrust. "MyBillCenter will undoubtedly serve to build strong affinity and encourage customer retention among Valet account holders." Consumer adoption of online bill management services is expected to grow exponentially over the next several years -- further elevating the strategic importance of such an offering for U.S. Clearing. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. International Data Corp, the 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. ) market is estimated to grow at compounded annual growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of 100% through 2004, generating revenues of more than $1 billion. About U.S. Clearing U.S. Clearing, a division of Fleet Securities, Inc., is one of the nation's largest securities clearing companies. U.S. Clearing provides clearing and execution services for about 400 banks and brokerage firms nationwide. U.S. Clearing is part of FleetBoston Financial, (NYSE NYSE See: New York Stock Exchange :FBF FBF Forearm Blood Flow FBF Frankfurt Book Fair FBF Feedback Form FBF Frame by Frame (animation technique) FBF FleetBoston Financial Corporation (stock symbol) FBF Fundamental Baptist Fellowship ), the nation's eighth-largest diversified financial services company, with over $185 billion in assets and more than 20 million customers across the country. Experienced e-Brokerage Partner. U.S. Clearing's turnkey Internet brokerage platform integrating market data, research, trading and account access has enabled many correspondents to launch successful online enterprises. Offering customized web site design and installation services as well as touch-tone trading and voice response systems for clients, U.S. Clearing is one of the leading clearing firms for Internet brokers and has built web sites for many of the top-ranked online brokerage firms. Wide Range of Services. U.S. Clearing's product menu includes an expansive mutual fund roster (including no transaction fee "NTF NTF No Transaction Fee NTF National Turkey Federation NTF No Trouble Found NTF National Transfer Format (UK Geographic Data Standard) aka BS7567 NTF Nigeria Trust Fund NTF National Transonic Facility NTF Noise Transfer Function " funds), "No Fee For Life" IRAs, comprehensive cash management services, brand name institutional quality research, and online fee-based advisory products. More information about U.S. Clearing can be found on its web site at www.usclearing.com. About Paytrust Using proprietary technology, Paytrust delivers 100% of a subscriber's bills online or to a wireless device for complete bill delivery and management -- far surpassing traditional bill pay-only or partial bill delivery services. 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. Through Paytrust, subscribers can issue payments directly from any checking account, perform automatic checkbook balancing, access a complete history of their billing and payment information, and download data to their personal financial management software for further analysis. Paytrust's unique capabilities and superior user experience have garnered numerous recent awards, including Forbes' "Best of the Web 2001", Business Week's "Top Products of 2000" and Yahoo Internet Life's "Sites We Love." Founded in October 1998, Paytrust is the flagship product 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 Lawrenceville, New Jersey Lawrenceville is a census-designated place and unincorporated area located within Lawrence Township in Mercer County, New Jersey. As of the United States 2000 Census, the CDP population was 4,081. Lawrenceville is located roughly halfway between Princeton and Trenton. . Paytrust continues to enjoy strong support from its premier group of investors, which includes American Express, Capital One, Citibank, ComVentures, E*TRADE, FT Ventures and Spectrum Equity. In September 2000, Paytrust acquired PayMyBills.com, which is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of PAYTRU$T, Inc. More information about the company can be found on its web site, www.paytrust.com, or by calling 800/PAYTRUST. Paytrust is a registered trademark of PAYTRU$T, Inc. |
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