For $7.95 a month, individuals have their bills redirected to Allmybills -- the local version of a US-based internet billing service. The bills are then scanned and put on a secure site for viewing and scheduled payment.
Subscribers are notified by email when a bill has been received, and asked to nominate a time for payment. Subscribers can also view a summary and older bill information.
For businesses the fee starts at $19.95 a month.
Allmybills CEO and co-founder Jayson Twydale said the service was capable of managing all bills, whether delivered on paper or electronically. "When we say all my bills, we mean it."
"Unlike any other bill payment system, Allmybills is not restricted to a select group of vendors. Our subscribers can nominate to have any bill, whether from their plumber or their telephone company, managed for them.
"The subscribers maintain complete control at all times -- they pay the amount they want, to whom they want, when they want."
Last month, another locally based internet billing service, e-BILL, launched its version of an electronic payment system. The company's billing model relies on signing deals with bill suppliers. So far it has signed deals with telecommunications company WorldxChange and NSW power company NorthPower.
According to IDC, the online billing market is expected to increase from $US32 million in 1999, to about $US1 billion in four years.