Paytrust, PayMyBills.com to Merge

Share this article:
Two of the leaders in the online bill payment sector merged yesterday. Paytrust, Lawrenceville, NJ, said it bought PayMyBills.com in an all-stock transaction.


PayMyBills, Pasadena, CA, will become a wholly owned subsidiary of Paytrust. John Tedesco, co-founder and CEO of PayMyBills, will become chief strategy officer. Jeff Grass, the company's other co-founder, will continue to work on business development.


The two companies' technology divisions will be merged in an effort to hasten the implementation of technology innovations.


Pending regulatory approval, the merger will begin in a month, the companies said.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Customer Identity in the Digital Age

Customer Identity in the Digital Age

Industry experts explore the value in a person's cyber identity for marketers.

Epsilon Rebrands as End-to-End Marketing Solution

Epsilon Rebrands as End-to-End Marketing Solution

The goal is to flame the perception that technology and creativity live under one roof at the company, says President Andy Frawley.

Mobile Spend Vaults 76 Percent in First Half, IAB Reports

Mobile Spend Vaults 76 Percent in First Half, ...

Overall Internet ad revenues escalate by 15% to $23 billion, also fueled by increased activity in social media and video.