Payment Data Systems' Bills.com Enhances Product Offerings
September 01 2004 - 9:28AM
PR Newswire (US)
Payment Data Systems' Bills.com Enhances Product Offerings SAN
ANTONIO, Sept. 1 /PRNewswire-FirstCall/ -- Payment Data Systems,
Inc. (OTC:PYDS) (BULLETIN BOARD: PYDS) an integrated electronic
payments solutions provider, announced today that its subsidiary
Bills.com is now providing a feature-rich version of its consumer
online bill presentment and payment services at
http://www.bills.com/ . The enhanced service provides consumers the
ability to pay anyone with an e-mail address, transfer money
between multiple checking and savings accounts, view and pay
additional eBills, and receive eBill summaries in their e-mail
inbox. "Security, convenience and broad functionality are extremely
important components necessary to win consumers to electronic bill
paying," said Mr. Ken Keller, general manager of Bills.com. "As we
have more than doubled our subscriber base over the past year, we
believe our new offering is highly competitive and offers consumers
considerable value and savings. We are committed to providing a
fast, reliable and low cost alternative in the face of ever
increasing postal rates." Bills.com revenues are continuing to grow
at double-digit rates. We believe this growth is in part due to
highly competitive product offerings as well as considerable value
and ease-of-use for consumers. Additional growth has arisen from
partner CheckFree by transferring customer bases from other portals
such as Silicon Investor, GO2NET, Dogpile, Hypermart, and
Verilytics Bills.com's person-to-person e-mail payments and other
features allow consumers to simplify and improve the process of
managing their finances. Bills.com's comprehensive, integrated
product allows consumers a single place to track, manage, and
archive all their bills, payments and accounts. Consumers no longer
need to subscribe to multiple electronic payment services.
Bills.com offers the following features in addition to its standard
integrated electronic billing and payment capabilities: * Pay
anyone with an e-mail address -- This service enables users to
electronically exchange money with any individual with an e-mail
address including online auction sellers. This is of great benefit
for those that may be seeking a lower cost, more convenient
alternative to PayPal(R). for their eBay(R) or other online auction
payments. * Payment Account Transfers -- Currently, consumers have
the ability to set up numerous checking, savings, and money market
accounts from which they can make payments. Now, consumers have the
ability to conveniently transfer money between payment accounts
allowing consumers to manage all their finances in one location. *
More Online Billers -- Consumers have the ability to view and pay
bills from an increasing number of companies, including those not
currently delivering eBills through Bills.com. * eBill Summaries
with Quick Links to Make Payments -- This service allows consumers
to receive dynamic summaries of their eBills via email. The email
includes links to quickly view and pay the eBill without having to
go to the Bills.com site. * Bills.com Private Label Offering --
Portals and Financial Institutions that choose to offer online
facilities to their subscribers/consumers for bill presentment and
payment can provide Bills.com functionality as a customer branded
offering. * Bills.com Co-Label Offering -- Portals and Financial
Institutions that choose to share labeling rights with Bills.com in
order to avoid capital expenditure for a private label solution and
still have access to all functionality. About Bills.com Bills.com
was founded in 1999 and is a wholly owned subsidiary of Payment
Data Systems, Inc. Bills.com provides an easy, secure and
convenient online bill presentment and payment service that enables
consumers to view, pay, and manage their bills via the Internet.
For more information, visit http://www.bills.com/ or call
210-249-4100. About Payment Data Systems, Inc. Payment Data
Systems, Inc. is an Integrated Payments Solution Provider
delivering comprehensive, cost-effective solutions to billers and
retailers for the processing and management of electronic payments
via the Internet, point of sale, or payments taken by Customer
Service Representatives or an Interactive Voice Response (IVR).
Additional products available from PDS include services and
products that can be implemented more quickly and less expensively
than the alternative of adding multiple payments companies as these
solutions offer a full range of payment processing capabilities.
These service offerings include: one time and recurring ACH debits
and credits, electronic lockbox and returned check services, Web
pay acceptance of credit cards and checks, telephone pay to
Customer Service Representatives for acceptance of credit cards and
checks, Interactive Voice Response systems which completely
automate the payment receiving process, and data warehousing that
enable the storage and retrieval of all payment history from one
location. Payment Data is the owner of the electronic bill payment
portal, http://www.bills.com/ . Bills.com has the ability to
transmit electronic payments to thousands of national billers. For
additional information, visit http://www.paymentdata.com/ .
Investor information can be found at: http://www.otcfn.com/pyds .
Contact: Geoffrey Eiten, Investor Relations, OTC Financial Network,
(781) 444-6100 ext. 613. FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters
discussed in this release include certain forward-looking
statements, which are intended to be covered by safe harbors. Those
statements include, but may not be limited to, all statements
regarding our and management's intent, belief and expectations,
such as statements concerning our future and our operating and
growth strategy. Investors are cautioned that all forward- looking
statements involve risks and uncertainties including, without
limitation, the factors detailed from time to time in our filings
with the Securities and Exchange Commission. One or more of these
factors have affected, and in the future could affect, our
businesses and financial results in the future and could cause
actual results to differ materially from plans and projections. We
believe that the assumptions underlying the forward- looking
statements included in this release will prove to be accurate. In
light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that our objectives and plans will be achieved. All
forward-looking statements made in this release are based on
information presently available to our management. We assume no
obligation to update any forward-looking statements, except as
required by law. DATASOURCE: Payment Data Systems, Inc. CONTACT:
Geoffrey Eiten, Investor Relations of OTC Financial Network,
+1-781-444-6100 ext. 613, for Payment Data Systems, Inc. Web site:
http://www.paymentdata.com/ http://www.bills.com/
http://www.otcfn.com/pyds
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