Michigan Based Billhighway Launches Social Money Management Website

Feb 05, 2008, 00:00 ET from Billhighway

    TROY, Mich., Feb. 5 /PRNewswire/ -- Metro Detroit based Billhighway has
 launched a new social money management Website www.billhighway.net .
 Designed for peer to peer (P2P) cash exchange and group money collection,
 Billhighway.net eliminates the inevitable social awkwardness of collecting
 money from one person or a group of people.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20080205/CLTU106LOGO )
     Billhighway.net started as an idea designed for roommates to split
 their shared expenses. The Website's concept rapidly evolved into an online
 social money network to easily collect cash from friends, family, teammates
 or associates for any reason. Billhighway.net has been live in a beta stage
 for several months.
     Common uses for Billhighway.net include collecting shared roommate
 expenses, rounding up money for a group gift or vacation, paying sports
 league dues or for freelance designers and writers to collect project fees.
     Billhighway.net is the newest addition to the existing Billhighway
 family of financial solutions. Currently, Billhighway (www.billhighway.com)
 is used by fee and dues based non-profit organizations to manage all of
 their accounting and financial operations online.
     "Building and launching Billhighway.net was a natural extension to our
 current financial solutions for fee and member based groups. We are very
 excited to watch Billhighway.net grow in this exploding social space," said
 Vince Thomas, CEO of Billhighway. "We have built a great team and company
 culture which is a result of the positive success we have experienced and
 we are proud to be doing all of this here in metro Detroit."
     A Billhighway.net membership is free and all funds collected or
 transferred are electronic and secure. Once an account is established,
 members can create email invoices and send them to a list of chosen
 contacts. Members have the ability to create unlimited contact lists for
 specific groups or individuals to collect money from, such as an entire
 sports league or a group of friends. Users can pay their I.O.U's with
 e-checks, debit cards or major credit cards all via the Web, eliminating
 the transfer of cash or writing checks. All funds collected in a user's
 Billhighway.net account can be withdrawn via electronic funds transfer or
 paid with a physical check.
     Founded in 1999 and based in Troy, Mich., Billhighway is a premier Web-
 based financial solution provider that has enabled fee and member based
 non- profit groups and organizations the ability to manage their group
 funds online. With the addition of the peer to peer and social money
 management services now available through Billhighway.net, Billhighway has
 processed nearly $1 billion in transactions to date. Currently Billhighway
 services customers in 50 states and Canada. To learn more log onto

SOURCE Billhighway