2ndSite Inc. Releases Version 2.7 with Recurring Billing

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Toronto, CAN: Today 2ndSite Inc. released version 2 .7 of its online service which features a recurring billing (http://www.recurring-billing.net) module. Version 2 .7 with recurring billing is 2ndSiteÂ?s sixth release since May 2004.

Today 2ndSite Inc. released version 2 .7 of its online service which features a recurring billing (http://www.recurring-billing.net) module. Version 2 .7 with recurring billing is 2ndSite’s sixth release since May 2004.

2ndSite’s recurring billing module, like the entire 2ndSite service, is free for businesses with less than 10 clients. Businesses who need recurring billing for larger client bases can upgrade their accounts on demand and pay fees on a monthly or annual basis for the additional capacity. 2ndSite offers a range of customization features that permit each business to brand the solution with corporate colours, logos and URLs. Businesses who subscribe to 2ndSite can provide their clients with useful information including a list of all past invoices and detailed payment history.

Recurring billing is commonly used to automate the collection of monthly and annual fees on a subscription basis. This capability is useful for a growing number of businesses - like utilities and fitness clubs - who need to automate the collection of recurring fees. 2ndSite’s recurring billing module allows businesses to automatically charge their clients credit cards using the VeriSign, Authorize.net and Paradata payment gateways.

2ndSite works differently than bill consolidation services like those offered by banks and postal services like Canada’s ePost. Instead, services like 2ndSite facilitate a popular trend in web invoicing known as “biller direct”, whereby customers visit their suppliers’ websites - not a third-party website - to securely process payments. According to Celent Communications (http://www.celent.com), growth in “biller direct” invoice processing is expected to grow more slowly [28% CAGR through 2007] than bill consolidation [34% CAGR through 2007], but is expected to serve, and is already serving, a larger market.

About 2ndSite

2ndSite is a recurring billing Application Service Provider (ASP) suitable for small businesses, particularity Small Office and Home Office (SOHOs) businesses. Using 2ndSite, businesses can process transactions through several payment gateways, including VeriSign, Electracash and PayPal. The recurring billing service includes timesheets, file sharing and integrations with the popular accounting software packages QuickBooks, Simply Accounting and MYOB. Using 2ndSite businesses can send and track invoices, manage client and staff relationships and track customer support cases.

FOR IMMEDIATE RELEASE

Contact:

Levi Cooperman, CIO

2ndSite Inc.

1 Garland Ave

Toronto, Canada M4N 2X6

Phone: 1.866.303.6061 or 416.481.6946

http://www.2ndSite.biz
pr@2ndSite.biz

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Michael Mcderment
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