How they describe themselves: Billeo’s PayDirect Assistant™ is a patent-pending product that gives users the choice to pay bills instantly via a credit card or checking account directly at the biller’s Web sites. Using PayDirect Assistant™ banks for the first time can enable such payments within their online bill pay service. Billeo’s technology connects users directly to the biller’s Web site and walks them through the bill paying process. The technology auto-fills all information needed to pay a bill, including user names, passwords, and card details allowing users to pay a bill with just a few clicks, while automatically saving the payment receipt/confirmation.
What they think makes them better: Today’s bank bill pay service doesn’t allow for same-day bill payments or pay bills with a card. Over 50 percent of a bank’s bill pay customers therefore pay bills directly at a service provider’s Web site. Billeo’s industry-leading technology platform now gives banks an unparalleled opportunity to meet the demands of these customers from within the bank bill pay service and capitalize on the revenue opportunity from card payments. Billeo’s ground breaking technology for the first time integrates ‘biller-direct’ bill payments within traditional bank-bill service, making it a one-stop, all inclusive bill pay service.
Key Executives: Murali Subbarao (Founder and CEO), Allwyn Lobo (Co-founder, VP of Engineering
and Operations), Robin O’Connell (VP of Business Development), Jennifer Fitzmorris (VP of Finance and Human Resources)
Advisors: Scott Loftesness (Founding Partner, Glenbrook Partners), Nancy Langer (SVP, Enterprise Accounts Group at FIS), Eric Dunn (Partner at Cardinal Venture Capital)
Key Partnerships: Link2Gov, ChargeSmart and ICBA
Customers: Billeo’s customers are credit and debit card issuers and prepaid card companies - including Visa, American Express, Discover, Wells Fargo, US Bank and NetSpend. Billeo also serves consumers directly with its popular Offer Assistant, launched at Finovate Fall 2009.
Contacts:
Bus. Dev. & Sales: Robin O’Connell, VP of Business Development, 408-512-2136,
robin@corp.billeo.com
Press: Lauren Moreno, Account Executive, Atomic PR, 415-593-1400x224,
lauren.moreno@atomicpr.com |
