With its acquisition of PayMyBills.com in 2000, Paytrust became one of the most prominent online bill pay services of the dot-com era.
The union of the rivals extends the reach of both into the American home, where 4 million families today pay their bills online. The two companies already have teamed to deliver private label services for
PayMyBills.com co-founder and CEO John Tedesco will become chief strategy Electronic billing and payment (EBP) company Paytrust Inc. is acquiring competitor PayMyBills.com in an all-stock deal that will unite two of the most visible contenders in the growing online consumer bill delivery and payment market.
The companies are two of the leaders in the burgeoning online bill payment industry, where people can pay their bills via the Internet. PayMyBills.com PayMyBills.com empowers them to manage all aspects of bill paying in the simplest and easiest way Acquiring Organization: Paytrust Paytrust.com is an online bill payment service that enables consumers to receive, review, pay, and organize all of their bills online.
officer and take responsibility for corporate strategic direction. niche.
Paytrust finalized a merger with PayMyBills.com this past October. operations, both companies achieve the mission we individually set out to See Related Topics: Add a Funding Account. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.John Edwards, Technology Journalist & Author,
Completion of the merger is expected
The union of the rivals extends the reach of both into the American home, where 4 million families today pay their bills online.
Both companies are privately held and financial specifics of the acquisition were not disclosed. Both companies are privately held and financial specifics of the acquisition The service acts as your permanent billing address, bill payer, and bill minder. were not disclosed. Best Both companies are privately held and financial specifics of the acquisition were not disclosed.
So think twice or three times, before giving an outfit like Paytrust the authorization to present electronic checks in your name against your bank account.
We welcome your comments on this topic on our social media channels, or To save this item to your list of favorite InformationWeek content so you can find it later in your Profile page, click the "Save It" button next to the item.If you found this interesting or useful, please use the links to the services below to share it with other readers. Once you enter your user ID and password, you can set up a funding account, add your payees, and start paying bills. Registered in England and Wales. Unauthorized access to account information is strictly prohibited under federal law. development, to project management," said McLaughlin, Paytrust's CEO.
will run West Coast operations for Paytrust.
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