ENGLEWOOD, Colo., July 21, 1999 — TransPoint LLC, a leader in the Internet bill delivery and payment industry, today announced its e-bills service will be offered in the new version of MSN™ MoneyCentral™ , a leading personal finance service, which launched in preview July 14 on MSN.com ( http://www.moneycentral.MSN.com/ ). TransPoint TM e-bills are now available for the first time via an Internet portal, offering convenient e-bill access to the more than 27 million consumers who visit MSN.com monthly.* TransPoint technology enables consumers to go to the MSN MoneyCentral Web site to view and pay bills safely with a few clicks of a mouse – at any time from any location.
“We are very excited to make TransPoint e-bills available on MSN MoneyCentral,”
said Lewis Levin, president and CEO of TransPoint.
“This is part of our overall strategy to offer companies widespread bill distribution and to provide consumers with the most convenient locations to securely access their bills.”
TransPoint aims to bring billers and consumers together and to remove barriers to e-bill adoption. Making e-bills available through an Internet portal, such as MSN MoneyCentral, greatly accelerates that effort. Billers will have immediate access to a very large number of consumers and can offer their e-bills quickly, while consumers can simplify bill paying by using an Internet destination that they already visit for other services, including personal finance.
“The mission of MSN MoneyCentral is to provide consumers with the most valuable personal finance resources on the Internet,”
said Rich Bray, general manager of Financial Products at Microsoft Corp.
“Adding TransPoint e-bills to our array of services offers consumers a fast, easy and convenient way to complete one of life’s less enjoyable but necessary tasks.”
In addition to the MSN MoneyCentral site, TransPoint e-bills are currently available at http://www.transpoint.com/ . Several other consumer service providers, including Key Bank and Wachovia Corp., are in the process of implementing and testing the system and will make e-bills available throughout the next year. More than 50 companies are in various stages of implementing TransPoint e-bills, five of which have gone live and currently offer TransPoint e-bills to their customers. A full list of companies that offer bills on TransPoint.com and those that are preparing to do so in the next few months can be viewed at http://www.transpoint.com/ .
About TransPoint
TransPoint, established in June 1997, is a joint venture of Microsoft and First Data Corp., with Citibank as a minority equity investor. TransPoint is leading the emerging Internet bill delivery and payment (IBDP) industry with a completely new, seamless e-bill service built from the ground up. The TransPoint system uses all-new technology and integrates easily with billers’ and banks’ existing payment systems. Launched commercially in April 1999, the TransPoint service allows consumers to view and pay their bills through the branded home-banking Web sites of participating financial institutions and other consumer service providers. TransPoint is based in Englewood, Colo. More information about e-bills is available at http://www.transpoint.com/ .
*Figure based on May 1999 data from Media Metrix. This figure reflects unique visitors and does not count repeat visits.
TransPoint is an exclusive trademark of TransPoint LLC.
Microsoft, MSN and MoneyCentral are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
Other product and company names herein may be trademarks of their respective owners.
Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass/ on Microsoft’s corporate information pages. If you are interested in viewing additional information on First Data, please visit the First Data Web page at http://www.firstdatacorp.com/ .
