Costs were not disclosed. The new processing centers will allow Paytrust to optimize the conversion of large volumes of consumers' bills by processing them closer to their point of origin, speeding delivery for the consumer. Paytrust works with any biller and any bank to deliver 100 percent of a consumer's bills to a single, secure Web site. The service directs payments to billers from consumers' pre-existing checking accounts. Consumers tell Paytrust the bills they want to receive online and provide the bank account from which they want payments made.
Customers then have quick and easy access via the Web to view and pay bills anytime, anywhere.
Subscribers can choose to pay the bill then or review it later, and receive email reminders whenever bills are soon due. They can also designate any bill for automatic payment based on specific criteria. Paytrust bill data integrates with financial management software such as Quicken and MS Money, allowing consumers to merge bill payment records with the rest of their financial information. They Came in Search of Better Software. Copyright 2001 INT Media Group, Incorporated All Rights Reserved.