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.