 NextBill was developed by Brinkman Technologies, Inc.
(BTI) in 1999 as a cost- effective alternative to competing Electronic Bill
Presentment and Payment (EBPP) models. Nextbill was designed to use two proven
information-delivery media: the Internet for e-mail presentation of bills and
the Federal Reserve System's Automated Clearing House (ACH) for electronic
payment processing.
NextBill was recognized by the Ft. Worth Business Press in 1999 as one of the
Most Innovative New Products of the Year, specifically noting how the system
eliminates the "middleman" that exists in traditional electronic bill pay
services. The paper also stated that NextBill is less expensive for the biller
and easier to access for the consumer.
Tucker Federal Bank, the largest subsidiary of Eagle Bancshares, Inc. (Nasdaq:
EBSI), became the first financial institution to pilot the NextBill system. The
bank's officers were so impressed with the system and its potential that they
quickly offered to make a substantial financial investment and contribute
executive leadership to the new NextBill.com, Inc. company.
In late 2001, Nextbill.com ceased operations.
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