Financial Institutions Visa and Discover Bolster Online Bill Pay Services with Billeo - the Industry Standard

SANTA CLARA, Calif., June 10 /PRNewswire/ -- Billeo (www.billeo.com) – a suite of Online Assistants that save people time and money in all types of online transactions, from shopping to bill pay – today expanded its Biller Directory to help consumers pay their bills instantly with a credit, debit or prepaid card at more than 10,000 companies across 26 categories – from cable service providers to the Department of Motor Vehicles. As the largest directory and the defacto standard in the U.S. and Canada, Billeo's Biller Directory now covers more than 15,000 companies with two-thirds accepting card-based bill pay.

(Logo:  http://photos.prnewswire.com/prnh/20091215/BILLEOLOGO)

Visa (http://visa.com/billpay) and Discover (http://discover.billeo.com) already use Billeo's Biller Directory to provide customers a one-stop listing of billers that accept card payments online. Consumers even have access to information on billers that charge convenience fees and those that allow auto-payments, making Billeo's Biller Directory even more useful.

"More than 31 million consumers pay bills through their banks' websites, but millions more opt to pay directly on a company's website to take advantage of paying with a card. Supporting card transactions makes the financial institutions' websites the sensible place for customers to complete all their bill payments," said Murali Subbarao, founder and CEO of Billeo. "By integrating Billeo's Biller Directory, financial institutions can expand the features and functionality of their existing bill pay services without having to handle the buildout themselves – improving customer experience and increasing revenue."

The average household pays six bills each month to cover services such as insurance and utilities, spending a cumulative $7,000 annually. Billeo's Biller Directory covers card-based bill pay at:

• More than 2,000 gas, water, electronic and telephone service providers
• More than 1,500 federal, state and local government agencies for taxes, parking tickets, vehicle registration and more
• More than 1,000 rental properties
• More than 200 mortgage and auto loan companies

Consumers can find billers by name, category or ZIP code, so they don't have to visit each biller's website separately. They simply click on a biller's name and Billeo brings them directly to the biller's website to complete the payment. Billeo extends the Directory's value further by guiding consumers throughout the whole payment process – from remembering passwords and autofilling payment information to saving payment confirmations. Consumers even can get an overview of payments and due dates to stay organized and ensure they never miss a payment.

Highlighting companies that take credit, debit and prepaid card payments means Billeo helps consumers earn valuable card rewards. Billeo estimates that its users already have earned $1.4 million in rewards just by paying their bills and shopping online.

"Billeo makes online bill pay a snap – for financial institutions and their customers. We ensure each consumer's bill pay experience is convenient, flexible, efficient and rewarding – which in turn gives them a better experience with their bank or card provider," continued Subbarao. "Consumers can manage thousands of payments in one central location, determine payment frequency, pay on a bill's due date, and earn rewards faster. And with access to more than 10,000 billers that accept card payments through Billeo's Biller Directory, consumers have even more ways to pay and save."

About Billeo, Inc.

Billeo provides a suite of Online Assistants that save people time and money in all types of online transactions, from shopping to bill pay. Its latest tool, the Offer Assistant, delivers high-quality discounts and deals from the loyalty programs of major card programs such as American Express, Visa and others – with no work required. Billeo was founded by seasoned executives well-versed in the online shopping and bill payment spaces. Over 40 banks, six of the top 10 card issuers, and more than 1,500 merchants are part of the trusted Billeo network. For more information about Billeo visit www.billeo.com.

SOURCE Billeo, Inc.

Back to top

RELATED LINKS
http://www.billeo.com