CGI Teams with BillMatrix to Provide Integrated Payment Options Insurance Company to Take Advantage of Real-Time Payment Posting.ANDOVER, Mass. & DALLAS -- CGI Group CGI Group Inc. (TSX: GIB.A, NYSE: GIB) is a Canadian-based information technology (IT) management and business process services (BPS) company. Founded in 1976 as Conseillers en Gestion et Informatique Inc. (CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GIB See NIST binary. .A) (NYSE NYSE See: New York Stock Exchange :GIB), a leading information technology and business process services firm and BillMatrix Corporation, a provider of outsourced telephone and Internet-based payment services, today announced a teaming agreement to provide insurance companies with streamlined transaction processing. CGI's CollaborativeEdge, a leading front end application that supports interfaces between agencies and carriers will be integrated with the BillMatrix system to allow payments initiated at an agency or other remote office to be posted in the carrier's accounting system in real-time. A mutual client of the two companies facilitated the collaboration and will be rolling out the results to their agent base over the next several months. CGI and BillMatrix will be jointly pursuing additional applications to support the insurance industry's need for more timely and accurate information. "BillMatrix is one of the premier companies in the automated payments business," said Dic Marxen, CGI Senior Vice President. "Teaming with their talented technologists to enhance our offerings to the insurance industry just made good sense for us. We are looking forward to discussing this new functionality with our clients and other prospects." Both companies provide state-of-the-art, standards-based web services technologies that will facilitate rapid integration. Users will have an additional utility on the standard agent interface to enter premium payment information, supported with a specific help page. The second phase of the project is to provide consumer-facing input interfaces for the mutual client -- a dedicated interactive voice response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) unit and an Internet payment page. All three interfaces will capture premium payment transactions in real-time, posting to the insurance carriers accounting system. By automating these processes in a real-time environment, balances are immediately updated with each transaction, allowing sharing of up-to-the second account information across the enterprise and solving the productivity and agent- or consumer-response problems of batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. . Competitive conditions have placed a premium on timely posting in the insurance industry. Moving from end-of-day batch processing to real-time posting creates a true competitive advantage for the insurance companies that take advantage of this new offering. "The CollaborativeEdge product is being rapidly embraced by the insurance industry for its open architecture and simple integration with multiple information sources," said Scott Walker, BillMatrix' President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "It is our pleasure to be able to work with such a forward-thinking organization." About CGI Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in India and Canada. CGI's annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue run rate is currently CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $3.8 billion (US$2.8 billion) and at June 30, 2004, CGI's order backlog was CDN$13.2 billion (US$9.8 billion). CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". as well as the S&P/TSX Capped Information Technology and MidCap Indices. For more information please contact us at 1-800-433-2452, insurance@cgi.com or www.cgi.com. About BillMatrix Corporation BillMatrix Corporation provides outsourced payment services for the nation's largest companies using the latest automated consumer interface technologies. Founded in 1994 and headquartered in Dallas, BillMatrix works with corporations in the telecommunications, utility, insurance, mortgage and financial services industries to replace expensive, paper-based methods of remittance with a set of convenient, labor- and cost-saving electronic transactions. Consumers are able to make payments in a private and secure manner, via the Internet and telephone, using a variety of credit card, ATM/debit card, and electronic check payment options. BillMatrix maintains a fully staffed customer service organization to support both its clients and their consumers with any payment issues. For more information, visit www.BillMatrix.com or call 800-596-0221. |
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