Creditron and MyOnlineBill.com Accelerate Check and Electronic Payments Convergence with Groundbreaking Solution

MISSISSAUGA, Ontario, Canada, May 9, 2006 – Corporate billers now a have a single platform available to provide them quickly and easily with a fully integrated solution for electronic bill presentment and payment (EBPP) and check-based transaction processing.

Creditron, Inc. and MyOnlineBill.com, Inc. today announced a strategic partnership that will provide the first fully integrated EBPP and check-based payments processing solution targeted to low and medium-volume remittance processors.  The best-of-breed solution is designed to reduce operational costs, mitigate risk, provide greater deployment options for new payments systems, shorten time-to-market for electronic payments initiatives, and strengthen customer loyalty through new statement presentment and payment options.

“This is an important agreement for users of our payments processing solutions,” said Wally Vogel, president of Creditron.  “The combination of MyOnlineBill.com’s proven electronic bill presentment and payment solution and Creditron’s segment-leading payment processing platform will enable billers to dramatically improve the way they manage receivables, both paper-based and electronic, in an environment with a multitude of payment streams.” 

“MyOnlineBill.com is very pleased to be working with Creditron to offer an integrated electronic bill presentment and payment component for their payment processing products,” said MyOnlineBill.com President Adam Franks.  “We believe our combined technology will provide Creditron customers with the advanced electronic payment solutions that are required to manage receivables efficiently and securely in the new era of transaction processing.”

MyOnlineBill.com’s EBPP service, called MOB, enables a biller’s customers to securely view, print and pay their bills online, using a credit card, automated clearing house (ACH) transaction, or other payment option.  The service seamlessly interfaces with any legacy billing software, eliminating the need for companies to change their current billing setup. 

Users of the integrated Creditron and MyOnlineBill.com solution can consolidate into one host upload and one categorized report their paper-check data stream and the electronic transactions made through MyOnlineBill.com – a first in Creditron’s target markets.

MOB also includes features for setting up and managing multiple billing accounts associated with a single user; viewing and printing all mail inserts associated with online bills; viewing and printing up to two years of billing history online; e-mailing receipts to customers after they make online payments; and notifying customers via e-mail of the due date and amount of their payment.  MOB also gives customers the option to no longer receive a printed invoice via the United States Postal Service (a default setting called ‘Go Paperless’).

“Together, Creditron and MyOnlineBill.com are working to help billers streamline end-to-end receivables management, from bill presentment to payment processing,” Vogel said.

About Creditron Inc.

Founded in 1994, Creditron Inc. is a leading provider of payment processing software and services.  Its solutions combine industry standard operating systems and advanced imaging, scanning and data recognition technology to help low and mid-volume remittance processors optimize operations performance and improve customer service.  The company’s 170 North American customers process more than 200 million transactions annually, representing over $50 billion.  Creditron is a Microsoft Certified Partner, a Microsoft Dynamics Solution Partner, an HTE alliance partner, and an authorized reseller for NCR payments systems in the U.S. and Canada.  For more information, call 800-704-8777 or visit www.creditron.com.

About MyOnlineBill.com, Inc.

American Computer Services, Inc. (ACS), the parent company of MyOnline Bill.com, Inc. (MOB), was incorporated in 1970.  During the early years of business, ACS functioned as a service bureau, offering computer services to various businesses throughout Southern California.  The computer services offered included processing payrolls, accounts receivable, accounts payable, general ledger, and many other custom systems.  For the past 15 years, ACS has focused on the waste industry and municipalities, providing outsourcing services.

MyOnlineBill.com was launched in 2005 to better serve the needs of ACS customers, as well as provide a state-of-the-art Electronic Bill Presentment and Payment (EBPP) service to companies and municipalities who do not use ACS services.  Our business locations currently include Buena Park, CA, and Bountiful, UT.  For more information, call 800-694-5567.

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