RealTime IT News

Portal for Electronic Bill Presentment and Payment Launches

San Antonio, TX-based Inc. launched a preview version of, an Internet portal where consumers will be able to pay all their bills online at no charge.

When launched later this year, also will enable billers to present electronic bills for payment for little or no cost, unlike other bill presentment sites, the company said. is a wholly owned subsidiary of

Beginning immediately, consumers can register at to learn more about electronic billing and designate the bills they would like to pay online. Subscribers will receive regular updates from on the portal's progress, partnerships and launch activities.

" will become the starting point on the Internet where billers deliver their bills and consumers pay them," said David Jones, creator of and senior vice president of "Electronic bill presentment and payment is the next significant business application for the Internet. . .We see the portal business model as the perfect means to create value for billers and consumers by using partnerships and advertising to offset the costs normally charged to users." plans to develop through sponsorships and partnerships with e-commerce companies, advertisers and online content providers. In addition to offering electronic bill presentment and payment services, will offer traditional portal services, including newsfeeds, stock quotes and links to other related e-commerce sites. said it has formal business relationships with several major electronic bill payment companies.

"Bills must be paid every month, which means that will have a subscriber base who visits the portal regularly," said Michael Long, CEO of "This guaranteed base of 'sticky eyeballs' creates tremendous value for partners, sponsors and advertisers who will reach consumers through"