BCF Technology Drives Insurance Transaction Implementation Costs Lower with TIER-XML.Business Editors CARLSBAD Carlsbad, cities, United States Carlsbad (kärlz`băd). 1 City (1990 pop. 63,126), San Diego co., S Calif., on the Pacific coast; settled in the 1880s, inc. 1952. , Calif.--(BUSINESS WIRE)--July 8, 2003 BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter Technology, Inc., a leading provider of web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , integration & aggregation of data, competitive intelligence, and single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. technology solutions for the insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sectors announces the launch of TIER-XML, an extension of its core Transaction, Integration, Extraction, and Recovery (TIER) Platform Version 3.0 for rapid development of AL3 and XML based XML Base is a W3C recommendation, that proposes a facility for defining base URIs for parts of XML documents. XML Base recommendation was adopted on 2001-06-27. External links
transactions. BCF believes TIER-XML's significant decrease in implementation costs over current technologies will give the industry a much needed boost for implementing peer to peer, or peer to hub web services. In the short time the product has been available BCF has successfully implemented the following transactions: -- Business Owners Policy (BOP) quoting transaction that accepts AL3 as input and emits ACORD ACORD Association for Cooperative Operations, Research and Development ACORD Agency for Cooperation and Research in Development ACORD Association de Coopération et de Recherche pour le Développement (French) standard XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. . -- A billing inquiry transaction that accepts AL3 and emits a proprietary XML format to call a web service. The transaction results are re-transformed back to AL3. -- A Workman's compensation transaction that accepts proprietary XML as input and drives an ACORD standard web service. "In analyzing why our customers were not implementing web services faster, we found that the implementation costs were just too high. The current translation and transaction mapping technology is just not powerful enough to implement real complex transactions like BOP quoting. We took a good long look at how people are implementing these transactions and concluded we needed something that would significantly reduce implementation time and cost in order to have any impact. We have achieved that vision with TIER-XML.", said Fred Covely, chief executive officer of BCF. Frederick Waite, president of BCF added, "One of our first clients using TIER-XML saw a 5X decrease in cost and a 10X decrease in implementation time. Insurance organizations typically have two barriers to implementing new technology like web services; time and cost. With TIER-XML we remove those barriers and allow insurance organizations to take advantage of the latest technological advances now, without waiting years and spending an outrageous amount of money." About BCF TECHNOLOGY BCF Technology is a leading provider of web services, integration & aggregation of data, competitive intelligence information, and single sign-on technology solutions for the insurance and financial services sectors. For information about BCF's products and services, email fwaite@bcftech.com or visit our web site at www.bcftech.com. |
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