BillMatrix Unit of Fiserv Discusses
the State of the Payments Industry at
NACHA’s e-Check Conference and NY Cash Exchange
DALLAS, Texas –September 20, 2005 –
BillMatrix Corporation, a provider of outsourced telephone
and Internet-based payment services and a subsidiary of
Fiserv, Inc. (Nasdaq: FISV), has illustrated its payments
expertise to the attendees of two premiere financial industry
events. Today, BillMatrix Senior Vice President Jerry Portocalis
is leading a panel discussion at NACHA’s e-Check Conference
in Florida on the use of PIN-less debit, including transaction
trends and predicted growth rates for this highly popular
bill payment method. Portocalis is joined by representatives
from First Data Corp.’s (NYSE: FDC) STAR® Network,
SCANA Corporation (NYSE: SCG) and an industry consultant.
Partnering with Qwest Communications
International (NYSE: Q), BillMatrix also led an educational
session on alternative bill payment methods to the attendees
of the 23rd Annual New York Cash Exchange in New York City
earlier this month. The session, “Electronic Payment
Programs: Best Practices for Sustainable Benefits,”
is a case study about how Qwest built a varied set of electronic
payment options, including an innovative use of the BillMatrix
service. To continue its tradition of customer service,
Qwest used existing internal infrastructure to develop and
maintain the consumer interfaces for electronic payments,
getting supporting advice from BillMatrix’ experts
and leveraging the company’s proven payment engine
to complete each transaction. This hybrid model has proven
very successful for both parties, with a 39% increase in
electronic payments since 2003.
NACHA hosts the e-Check Conference
each year to share experiences, lessons learned and practical
advice between companies that are participating in the transformation
of the payment industry from paper to electronic transactions.
The event draws more than 500 attendees and is held in conjunction
with a meeting of the Electronic Check Council, a NACHA
special-interest group in which BillMatrix actively participates,
along with the Council for Electronic Billing and Payments
and the Internet Council.
The New York Cash Exchange
is hosted by the New York Treasury Management Association,
which is dedicated to education and information sharing.
This annual event attracts more than 1,000 attendees who
are briefed on the latest issues in corporate finance, including
managerial and technical information.
About BillMatrix Corporation
Founded in 1994, BillMatrix Corp. provides outsourced alternatives
to traditional payment methods using the latest automated
technologies. BillMatrix, which became part of Fiserv in
August 2005, works with more than 120 companies to supplement
paper-based methods of remittance with convenient, efficient
and cost-effective electronic payments. Consumers, customer
service representatives and other third-party agents are
able to make payments via hosted Internet and telephone
systems using credit cards, ATM debit cards and electronic
check payment options. For more information, visit www.BillMatrix.com.
Fiserv, Inc. (Nasdaq: FISV)
provides information management systems and services to
the financial and health benefits industries, including
transaction processing, outsourcing, business process outsourcing
and software and systems solutions. The company serves more
than 16,000 clients worldwide, including banks, credit unions,
financial planners/investment advisers, insurance companies
and agents, self-insured employers, lenders and savings
institutions. Headquartered in Brookfield, Wis., Fiserv
reported $3.4 billion in processing and services revenues
for 2004. Fiserv was ranked the largest provider of information
technology services to the U.S. financial services industry
in the 2004 FinTech 100 survey by the American Banker newspaper
and the Financial Insights research firm. Fiserv can be
found on the Internet at www.fiserv.com.