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Bill Paying Made Easy

It was bound to happen. Now you may not only pay your bills by using the Internet. You can also be billed on the Internet.

International Billing Services now prints and processes about 70 million paper bills, invoices and statements a month. The company has announced that it is ready to offer a new method of electronic delivery of invoices through Intuit Inc's Quicken 98 personal finance software program. Electronic Billing Solution will enable statements to be posted right on the website, if the customer so desires. Payment can be made the same way, through PayNow secure electronic check and credit card services from Cybercash Inc., Reston, VA.

This could mean a new market for financial institutions which would no longer have to be located in the proximity of their business customers to process payments promptly.

Copyright © 1997 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 7, No. 12, 12/97

First published on 12/01/1997

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