Billserv was an eletronic bill presentment and payment company founded in 1998 by David Jones, Michael Long, and Louis Hoch. The company quickly became a leader in the space by gathering contracts with many large billing organizations and raising over $48 Million dollars. The company went public in November of 1998 under the symbol NASD: BLLS and achieved a market cap of over $750MM in late 1999. The company fell on hard times during the burst of the dot com bubble and eventually the majority of the assets were sold to Harbor Payments in 2003 and the company changed names to PaymentData Systems and now trades under the stock symbol PYDS.OB.