BCF Technology Joins ACORD.Business Editors/High-Tech Writers CARLSBAD, Calif.--(BUSINESS WIRE)--Aug. 4, 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, integration & aggregation of data, competitive intelligence, and single sign-on technology solutions for the insurance and financial services industry announces that it has joined 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) , the global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and related financial services industries. At the center of BCF's business and technology efforts are industry standards which BCF leverages to provide rapid integration between business partners. Dominating BCF's insurance vertical market are the ACORD standards which are a comprehensive set of business messages, file formats, and data model for the insurance industry in an EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , 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. or forms environment. "ACORD welcomes BCF and applauds their vision. Supporting business partner integration and improving workflows is well aligned with our goals of driving broad implementation of ACORD industry standards," said Rick Gilman, Vice President of ACORD. Fred Covely, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of BCF Technology commented, "We look forward to participating in the Joint Architecture Group as well as related ACORD efforts in order to further the proliferation of standards throughout the insurance industry. BCF continues to be focused on driving transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). lower and. We see this as an opportunity to be a part of the creation of standards that potentially can drive transaction costs much lower than they are today." Frederick Waite, president of BCF added, "All of the BCF products are fully ACORD compliant, which made joining ACORD the logical next step towards increasing BCF's presence in the standards movement. Specifically, BCF accepts as input to its key products: ACORD compliant AL3 files, ACORD compliant XML messages, and ACORD compliant PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. based forms." About ACORD Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With offices in London as well, ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD Standards and services improve efficiency and expand market reach. Affiliated with ACORD are hundreds of insurance and reinsurance companies, and thousands of agents and brokers, related financial services organizations, software providers, and industry organizations worldwide. 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 industry. 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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