| News Release |
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For more information contact: Rodney Poskochil, President Bank Systems & eProducts Group (402) 421-4299 For immediate release: February 20, 2003 |
Fiserv Offers Electronic Bill Pay from iPay Technologies
Financial Institutions Can Choose from 3 Levels of Payment Sophistication
Brookfield, Wisconsin, February 20, 2003—Fiserv, Inc. announced that it has agreed to
offer electronic bill-payment services from iPay Technologies, LLC to its financial institution clients.
With iPay Technologies, financial institutions can choose from three different payment system alternatives
so that even the smallest organization can offer its customers the ease of electronic bill payment. The
iPay Technologies offerings include iBill Pay-e, an inexpensive, easy-to-use system that includes electronic
payment availability to more than 3,500 merchants; Classic Bill Pay-e, a traditional Pay Anybody
product offering the same features but with more functionality; and Bill Pay-e Plus, an advanced,
feature-rich product with still more functionality. In addition, iPay Technologies recently introduced new person-
to-person and intra-bank transfer capability in its new product lines.
“iPay Technologies has exceeded our customers’ expectations,” said Neil Klusmann, Senior Vice
President at $3.3 billion First Interstate BancSystem in Billings, Montana. “I can’t say enough
about the flexibility, responsiveness and commitment to the customer this solution offers.”
A turnkey, outsourced solution, iPay Technologies offers a secure administration site, a branded,
interactive demonstration, online enrollment, disclosure posting, custom-recorded customer
service line and more. iPay Technologies is designed to be used with any Internet banking system.
“Our newly formed relationship with iPay Technologies allows financial institutions to provide an
affordable and reliable electronic bill pay solution to their customers, while at the same time
reducing the workload on their organization,” said Kim Killingsworth, eSolutions Senior Vice
President. “At Fiserv, we like the idea of offering choices to our clients. With three different
levels of payment sophistication, iPay Technologies obviously follows the same philosophy.”
iPay Technologies is a privately held company based in Elizabethtown, Kentucky. iPay Technologies is considered to
be a leader in providing high-quality, low-cost bill payment solutions to financial institutions of
all sizes.
Fiserv, Inc. (Nasdaq: FISV), an independent, full-service provider of integrated data
processing and information management systems to the financial industry. As a leading
technology resource, Fiserv serves more than 13,000 financial services providers worldwide,
including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance
companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wis., Fiserv
can be found on the Internet at www.Fiserv.com.
| Chuck Doherty | Dana A. Bowers |
| Corporate PR Director | President and CEO |
| Fiserv, Inc. | iPay Technologies, LLC |
| (262) 879-5966 | (866) 851-4729 |