99Bill Corporation ( ), a leading third-party electronic payment services provider in China, has launched one-stop cross-bank services for credit card bill payment targeting 75 millions credit card holders in China.

The service will allow 99Bill users to pay their monthly credit card bills online using local debit cards or 99Bill accounts even if the credit card and the debit card are not issued by the same bank. The initial cross-bank bill payment services cover the eight major credit cards issuing banks, including the Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and China Merchants Bank.

The number of credit cards in China reached over 75 million at the end of 2007, and is projected to reach over 100 millions during 2008. Due to the fact that there are no personal checks in China, currently, most Chinese credit card holders have to withdraw cash at the bank branches where they keep the saving accounts and pay monthly credit card bills with cash at the counter of the credit card issuing banks. This process is very tedious and time consuming for the consumers and inefficient for the both saving bank and credit cards issuing banks.

The 99Bill's cross bank bill payment services will enable customers to use any debit card or 99Bill account to pay the credit card bills online regardless of the debit and credit card issuing banks, and can significantly improve the consumer experience. Additionally, the service can benefit the debit and credit card issuing banks as well by reducing the traffic at the branch offices, cutting bill payment processing cost and enhancing the customers' loyalty.

99Bill will expand the service coverage to more credit cards issuing banks and more terminal devices, including mobile phones, stand alone kiosks, and other end devices to further improve the consumer experience and processing efficiency.

About 99Bill Corporation

99Bill Corporation ( ) is the leading independent third party electronic payment services provider in China with 20 millions registered accounts and 100,000 merchants, and 99Bill is the first payment company introducing email and mobile number based payment services in China targeting 210 millions internet and 500 millions mobile users. The comprehensive payment solutions enable any business, any consumer, mobile user and internet user to make and receive payments securely and conveniently with 1.1 billion local debt cards, 75 million credit cards, prepaid cards, stored value accounts, digital vouches, bank wire and postal wire. Additionally, the payment services support multiple end devices, such as PC, mobile phones, IVR, POS and regular telephones. Since its launch early 2005, 99Bill has secured major partnerships with the leading online and traditional businesses in China, such as Baidu, Netease, Sohu, China Telecom and Gome. The company has been certified for the information system security by CNITSEC China.

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