NextBill.com
was formed in February 2000 as a spin-off from its parent company, Brinkman
Technologies, Inc. (BTI). Founded in 1984, BTI isan electronic banking and cash management specialist. The Company
developed and began testing the NextBill EBPP system in 1999. Tucker
Federal Bank, the largest subsidiary of Eagle Bancshares, Inc.
(NASDAQ: EBSI) became the first financial institution to pilot NextBill.
Officers quickly recognized the product's benefits to banks, billers and consumers and began negotiating with BTI to partner with them on
taking the product to market.
"To borrow a
phrase from Victor Kiam, we liked the product so much, we wanted to buy the
company - or at least a sizeable piece of it," said Rick Inman, president and
CEO of Tucker Federal Bank. "We considered all
of the different competing models of electronic billing, but NextBill clearly
offers banks and billers the best value proposition. It simply makes the
most sense."
On February 29,
2000, Eagle Bancshares, Inc. (NASDAQ: EBSI)
announced it had acquired a substantial ownership interest in the new
NextBill.com company. While BTI will continue marketing its entire line
of cash management and electronic banking products, NextBill.com will
focus exclusively on promoting its "direct-to-customer" EBPP system.
| Street Address: | Web Addresses: |
|
2245 Keller Way Ste 360 Carrollton, TX 75006 214-550-6118 |
www.banksystems.com www.NextBill.com |
| Company Contact: | |
|
Mark Brinkman mbrinkman@nextbill.com |