Visa U.S.A., the world's leading payment company and CyberBills, the pioneer in total bill management, today announced a partnership to offer consumers convenient, cost-effective, and secure wireless bill payment services. Together, Visa and CyberBills will jointly market applications for mobile phones and hand-held devices to enable 'anytime, anywhere' bill payment transactions via the Internet.
The explosive growth in mobile phone use has created a burgeoning market for wireless bill payment and presentment. Today, Industry analysts at the Yankee Group project that Internet-enabled phone users will reach 48 million worldwide by 2002 and 204 million by 2005. Visa and CyberBills are seizing the opportunity to make every handheld device a payment vehicle.
Time-pressed consumers can access the new wireless service through StatusFactory.com, the consumer site created by CyberBills, this summer. As a result of CyberBills partnerships with both Visa and Aether Systems, Inc., consumers will benefit from the following conveniences:
-- Bill consolidation -- Storing all bill information at the secure StatusFactory.com Web site taking the hassle out of tracking bills as they arrive month to month.
-- Payment flexibility -- Selecting how, when and where to pay bills, either from a wireless phone, a PDA device such as a Palm Pilot, or directly from a personal computer giving consumers flexibility and financial control. Customers can also choose to pay bills on a recurring basis or individually as they occur.
-- Payment options -- Catering to all types of payment relationships, including person-to-person payments and business-to-business transactions, StatusFactory.com can meet a variety of payment needs.
-- Record keeping -- Paying bills with Visa creates efficient record tracking with monthly and annual statements.
"Visa is moving aggressively into the wireless e-payment arena to offer consumers the most flexible and secure payment options for their everyday needs," said Steve Ryan, senior vice president of e-Visa, Visa U.S.A.'s Internet unit. "Visa and Cyberbills will work together to establish best practices for Visa bill payment operations -- in mobile and Internet environments -- that meet the needs of our Members and consumers."
"In today's fast-paced environment, it is critical that our customers and our partners' customers can pay their bills anytime, anywhere and feel assured that their payments are made on-time and securely," says Bob Murphy, vice president of marketing for CyberBills. "Working with Visa, CyberBills can give consumers flexible and trusted options that take the pain out of bill payment."
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