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eBillit today announced that it will officially launch itself as the world's first e-commerce Payment Service Provider (PSP) at the ISPCON 2000 conference in San Jose, Nov. 8-10, 2000.

Designed to provide a suite of billing solutions, eBillit allows Internet services, digital goods, content purchases, and more to be charged directly to a consumer's local phone bill, to a direct bill, or to a web bill rather than only to a credit card.

Similar to a long distance phone bill attached to a local phone bill, an eBillit Internet bill arrives monthly in the same familiar envelope, providing assurance to the consumer about the security of the billing and payment process. Internet service providers can be confident of payment because the familiar format of the bill ensures a high collection rate.

"Our vision is built on providing practical payment options users really want, and packaging such services up in a suite that high-powered new economy companies can rapidly deploy," said Joe Lynam, President and CEO of eBillit.

eBillit was established in March 2000 by Integretel, a leading billing company, to meet the growing demand for alternatives to credit card payment for online services. By 2004, over 90 percent of American households will be connected to the Internet, yet consumers remain very concerned about online payment security. A Wall Street Journal study shows that less than 16 percent of credit card holders feel comfortable using a credit card for Internet purchases.

As an outsourced PSP, eBillit is uniquely positioned to provide both large and small new economy companies with the necessary infrastructure to implement simple, familiar and reliable billing options. With more than 1,400 Local Exchange Carrier (LEC) contracts in place covering more than 90 percent of the American public, the eBillit PhoneBill provides Internet companies with a new way to expand their customer base. Credit can be extended to users via local phone service, without the need for a credit card or other personal information.

"The bricks-and-mortar shopping world has had to refine its payment options over time. At eBillit we will refine the online payment options to address the general public's demand for convenience, simplicity, and security," said Lynam.

# posted by Medical Information : 3:03 AM