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AIRBORNE
EXPRESS SELECTS NEXTBILL.COM FOR B2B ELECTRONIC BILL PRESENTMENT/ PAYMENT
SOLUTION
DALLAS and SEATTLE, (January 9, 2001)... NextBill.com, Inc., a Biller Service Provider delivering turnkey electronic bill presentment and payment (EBPP) systems to financial and billing institutions, today announced that its Internet billing and payment system has been chosen by Airborne Express (NYSE: ABF). NextBill's system will enable Airborne Express, one of the world's largest transportation and shipping providers for businesses, to send invoices directly to its customers via e-mail, and receive payments electronically via secure Internet transmissions. The NextBill.com EBPP system is a paperless, direct billing model, which enables Airborne Express to e-mail bills directly to its customers. The system is capable of generating invoices in HTML, MS Word, text or PDF format and can be sent to e-mail addresses specifically assigned by customers to enable proper routing of the invoices for approval and payment. Once the invoice has been viewed, a user can click on a Pay Bill hyperlink that will direct the customer to a payment screen at Airborne's Web site for easy single-step payment authorization. Payment will be automatically processed on the invoice due date, or the date assigned by the customer using the Federal Reserve's automated clearinghouse system. " We feel that there is certainly a strong interest for an EBPP solution by the small to medium sized segments of our customer base, and expect that Nextbill's 'direct' model will best meet their needs, " said David Scheevel, Airborne Express' Senior Vice President of Revenue Control. " We believe that this system will add another valuable option for our customers and make our own billing processes even more cost-effective. Finally, we look forward to reducing the amount of paper generated by traditional paper-based invoicing and payment systems. " " Regardless of whether a company sends bills to consumers or other businesses, NextBill offers a customer-friendly EBPP system that is sure to streamline processes and strengthen relationships with online customers, " said Rick Inman, NextBill.com's President and Chief Executive Officer. " We are certainly delighted that Airborne Express evaluated the field and picked NextBill to deliver its bills directly to customers. "
About Airborne ExpressHeadquartered in Seattle, Washington, Airborne Express employs more than 23,000 people and has over 550,000 monthly active customers. For more than 50 years, Airborne and its subsidiaries have served the shipping needs of business customers around the world. Today, Airborne offers total distribution solutions by providing time-sensitive delivery of documents, letters, small packages, and freight to virtually every U.S. ZIP code and more than 200 countries. Customers can select from a variety of services including same-day, next-morning, next-afternoon or second-day delivery, air freight, ocean service, and logistics management. For more information visit Airborne's web site at www.airborne.com . About NextBill.com, Inc.NextBill.com, Inc., a pioneer in the direct EBPP model, is a Biller Service Provider that links billers directly to their customers while providing enhanced customer care, one-to-one marketing opportunities, cost savings and improved cash forecasting capabilities. The NextBill model uses two trusted technologies: e-mail to deliver bills to customers and the Federal Reserve for online payments. After receiving an e-mailed bill, customers make payments by clicking on a "Pay Bill" hyperlink to an online payment screen at the biller's Web site. The payment is then processed via the Federal Reserve's Automated Clearinghouse system. Brinkman Technologies, Inc. (BTI) utilized its existing ACH software, CAP 2000, as the foundation for NextBill and contributed the technology to a newly formed company in February 2000. In April 2000, Eagle Bancshares, Inc. (Nasdaq: EBSI) acquired 60% ownership in the company after its largest subsidiary, Tucker Federal Bank, successfully piloted the NextBill system. For more information, visit NextBill.com's virtual press room at www.nextbill.com/vpr . |
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