In its second-largest acquisition, Amazon buys the company for $970 million.
eBillit today announced that it will launch a suite of billing solutions next week to allow Internet services, digital goods and content purchases to be charged directly to a consumer's local phone bill, to a direct bill, or to a web bill rather than only to a credit card. Similar to a long distance phone bill attached to a local phone bill, an eBillit Internet bill arrives monthly in the phone company same familiar envelope, providing assurance to the consumer about the security of the billing and payment process. eBillit was established in March 2000 by Integretel, a leading billing company, to meet the growing demand for alternatives to credit card payment for online services. As an outsourced PSP, eBillit is positioned to provide both large and small companies with the necessary infrastructure to implement simple, familiar and reliable billing options. EBillit has agreements with more than 1,400 Local Exchange Carriers covering more than 90% of the American public. Credit can be extended to users via local phone service, without the need for a credit card or other personal information. In addition to the PhoneBill service, eBillit also offers DirectBill and WebBill payment options. The DirectBill option is a complete outsourced billing and collection service that can be used either together with the eBillit PhoneBill, or as a stand-alone service. It allows service providers to send consolidated bills directly to residential or business consumers. eBillit's WebBill is an electronic bill presentment and payment service which presents bills and processes payments electronically through the Internet on behalf of service providers. Both WebBill and DirectBill can be customized with provider's brand.