ENGLEWOOD, Colo., and DALLAS, March 30, 2000 — TransPoint LLC, a leader in electronic bill presentment and payment (EBPP), and DocuCorp International Inc. (Nasdaq
“DOCC” ), a leading provider of document automation software, today announced an agreement that will allow DocuCorp clients to offer the TransPoint™
online bill payment service to their customers. As part of the agreement, DocuCorp will resell the TransPoint online bill payment service to its clients, which represent approximately 20 million bills per month.
“With the TransPoint agreement, DocuCorp will be able to offer its clients more choices in the ability to present bills and receive payments from their respective customers,”
said Kerry LeCrone, senior vice president of services at DocuCorp.
“DocuCorp has had the ability to deliver electronic documents over the Internet for quite some time. With the addition of TransPoint to handle the payment portion, we are expanding customers’ ability to fully complete the billing process electronically.”
“Our goal has been to make the service readily available to as many billers and consumers as possible,”
said Lewis Levin, president and CEO of TransPoint.
“Our relationship with DocuCorp will make it easy and efficient for its software and data center customers to participate with the TransPoint service. In addition, this alliance will provide TransPoint with access to three unique industries that we have tremendous interest in offering through our service: insurance, utilities and financial services.”
Through TransPoint’s online bill payment service, consumers can view and pay bills that arrive electronically through TransPoint, pay bills that arrive through the U.S. Postal Service, and pay nearly anyone else to whom they would normally write a check. Currently, the TransPoint online bill payment service is available to consumers through the MSN MoneyCentral online personal finance service at http://www.moneycentral.msn.com/ , the TransPoint Web site at http://www.transpoint.com/, the Compass Bank Web site at http://www.compassweb.com/ , and the InterWest Bank Web site at http://www.interwestbank.com/ . Several other popular Internet destination sites and consumer service providers have committed to going live with TransPoint in the next few months.
DocuCorp markets a portfolio of Internet and print document automation software products that create, publish, manage and archive complex, high-volume, individualized documents for customer-driven companies. It also offers application service provider (ASP) hosting of Internet-enabled document automation solutions, such as customer statements and billings, electronic bill presentment and payment, insurance policy production, and electronic document archival. DocuCorp has an installed base of more than 900 customers, including many of the largest insurance, utility and financial services organizations.
Headquartered in Dallas, DocuCorp has major facilities in Atlanta and Silver Spring, Md. The company also maintains offices in London; Portland, Maine; and Bedford, N.H. DocuCorp is a Safeguard Scientifics Inc. (NYSE
) partnership company. More information is available on DocuCorp’s Web site, at http://www.docucorp.com/ .
TransPoint, established in June 1997, is a joint venture of Microsoft Corp. (Nasdaq
) and First Data Corp., with Citibank as a minority equity investor. Englewood, Colo.-based TransPoint is a leader in the emerging EBPP industry, with a seamless e-bills service built from the ground up. The TransPoint system uses innovative technology and integrates easily with billers and banks’ existing payment systems. The TransPoint service is designed to be the fast, easy way for consumers with Internet access to make all their payments online from a single, secure Web site. Consumers can pay their bills at multiple Internet locations, including the MSN MoneyCentral online personal finance service, the TransPoint Web site, and the Web sites of participating financial institutions.
On Feb. 15, 2000, TransPoint entered into a definitive merger agreement with CheckFree Corp., a leader in electronic billing and payment. The combined technologies and relationships of the two entities are expected to accelerate the shift of the billing and payment process from paper to the Internet and to advance the rate at which consumers sign up for electronic billing. The transaction will be accounted for as a purchase by CheckFree and is expected to be final in four to six months. More information about TransPoint is available at http://www.transpoint.com/ .
TransPoint is an exclusive U.S. trademark of TransPoint LLC.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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