Will Merger Pay Off for Bill Payers?
Financial Service Online (10/00) Vol. 5, No. 10 p.8; Makos, Jeffrey J.

Paytrust plans to merge with PayMyBills.com, which will make it the largest player in the electronic bill payment and presentment (EBPP) market. While this new business will offer EBPP only to consumers, one of its main competitors, CheckFree, provides bill payment and presentment services to financial service providers, which in turn offer the services to their customers. Under the merger, PayMyBills would become a subsidiary of Paytrust, and its management team would join Paytrust. PayMyBills would continue its involvement with MasterCard's Remote Payment and Presentment Service.


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