NextBill.com
Title
NextBill.com, Inc
Description
NextBill was developed by Brinkman Technologies, Inc. (BTI) in 1999 as a cost- effective alternative to competing Electronic Bill Presentment and Payment (EBPP) models. Nextbill was designed to use two proven information-delivery media: the Internet for e-mail presentation of bills and the Federal Reserve System's Automated Clearing House (ACH) for electronic payment processing.
NextBill was recognized by the Ft. Worth Business Press in 1999 as one of the Most Innovative New Products of the Year, specifically noting how the system eliminates the "middleman" that exists in traditional electronic bill pay services. The paper also stated that NextBill is less expensive for the biller and easier to access for the consumer.
Tucker Federal Bank, the largest subsidiary of Eagle Bancshares, Inc. (Nasdaq: EBSI), became the first financial institution to pilot the NextBill system. The bank's officers were so impressed with the system and its potential that they quickly offered to make a substantial financial investment and contribute executive leadership to the new NextBill.com, Inc. company.
