Internet Changes Everything

Canada Post buys BCE's Webdoxs

TheStar.com - Canada Post buys BCE's Webdoxs

Canada Post's Epost has acquired the BCE Emergis online bill delivery service Webdoxs for $14.5 million, the crown corporation said yesterday.

Canada Post said its existing Epost business-to-consumer services will be combined over the next six months with those of Webdoxs to offer a single electronic bill payment service.

"Canadians have said that they want a single, universal hub for EBPP (electronic bill payment) services, and the new enhanced Epost service will truly deliver on the value promised by consolidated EBPP," Roger Couldrey, Epost's president, said in a release.

The current Epost and Webdoxs services will continue to operate until the two are combined and will not result in disruption for users of either service, Canada Post said.

Epost's online billing service is available through the Web sites of Canada's major banks and online portals such as Sympatico, MSN and Yahoo. The service is also accessible through Intuit's QuickTax and Quicken personal financial management software.

It's estimated the combined service will have more than 1 million registered users, Canada Post said.

BCE Emergis stock was down 4 cents to $3.70 at yesterday's close of trading.

canadian press

July 9, 2004 at 08:08 AM in Financial Services | Permalink | TrackBack (4) | Top of page | Blog Home