PLANO, Tex. - Electronic Data Systems Corp. has introduced a bill payment and presentment system for companies with small to midsize billing volumes.

OpenBill Express can be installed in 60 days for less than $100,000, EDS said. The data processor initially will market the service to companies that send less than two million recurring bills a month to consumers.

EDS plans to enhance OpenBill Express this year to support billing transactions between businesses. It then will begin marketing the system to larger-volume and business-to-business billers.

Since November 1997 EDS has installed 14 electronic bill payment/presentment systems for companies in various industries, a spokeswoman said. OpenBill Express was unveiled Monday.

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