Transactis, EBPP Leader, Names Morrison CIO

Former Citibank, First Data Exec Managing Delivery of Product

BETHESDA, MD (www.AllPayNews.com) – May 15, 2008 – Bill Morrison a 20-year veteran of the information technology services industry, has joined Transactis, Inc., a leader in forward-thinking electronic bill presentment and payment (EBPP) technologies, as Chief Information Officer. Joe Proto, CEO, Transactis, made the announcement.

Mr. Morrison leads the company’s project management strategies and is responsible for the delivery of quality products to Transactis’ growing number of clients, such as large billers and banks, including a U.S. top-10 bank.

“Bill’s experience at First Data’s Payments Services Division, will guide Transactis as we continue to deliver quality products. We will draw upon Bill’s expertise at Citibank, where he was responsible for the IT delivery of new products,” added Mr. Proto.

“Joe has a proven track record building billing companies. With Transactis’ leading edge billing products, the company is well positioned to provide large billers and banks the EBPP products they want,” said Mr. Morrison.

Prior to joining Transactis, Mr. Morrison worked for First Data in their Payments Services Division, responsible for all IT delivery of new products, boarding new clients and supporting operations. Prior to First Data, Mr. Morrison was at Citibank, responsible for the project management office of Citi's credit card division managing enterprise wide technology initiatives. Mr. Morrison started his career with The Associates Corporation in their Dallas headquarters supporting the corporate finance department and continued with the company through the acquisitions by Ford Financial Services and Citigroup.

Tom Kohn, Transactis President, commented on the new team.

“In mid-February we brought on another Joe Proto colleague, Chuck Kelso, as our COO. In April, Melissa Bernardino of AT&T, an EBPP veteran, joined us as our Director of Product Development. Now, Bill helps round out our management team as our CIO in charge of delivery of our product,” said Mr. Kohn, also Transactis’ co-founder. “We have expanded well beyond our company’s origins, to provide banks and billers a full suite of EBPP solutions.”

Transactis is the creator of two EBPP platforms: BillMail®, the patent-pending, secure e-mail billing solution, allowing non tech-savvy consumers to view and pay bills from within their e-mail inbox, and BillerExpress™, a suite of EBPP products, created for businesses that need low-cost, PCI compliant, and easy-to-implement EBPP solutions. BillerExpress is private labeled by banks and re-sold to their treasury clients.

About Transactis

Transactis, Inc. (www.transactis.com) – is a leading provider of forward-thinking EBPP solutions, including BillMail®, the patent-pending, secure e-mail billing platform, and BillerExpress™, a suite of EBPP solutions sold by banks to mid-size treasury clients. Both platforms were created for consumers and businesses that have yet to enroll in or launch EBPP programs. BillMail® provides a secure e-mail bill that is delivered into the consumer’s in-box that can be viewed and paid from within the e-mail, helping billers increase their paper suppression efforts, lower presentment costs and decrease DSOs (days sales outstanding). BillerExpress™ was created for banks’ treasury clients who are looking for a reasonably priced, PCI-compliant and easy to implement EBPP solution.

To learn more about Transactis’ technology and their electronic bill payment and presentment solutions visit www.transactis.com.

CONTACT:
Peggy Keegan
pkeegan@transactis.com
202.236.1236.