CheckFree Names Derivion as Premier Certified Partner.Business Editors Leading e-Billing ASP Achieves Premier Certification Status and Enhances Payment and Distribution Options for Utility, Telecommunications And Insurance Customers ATLANTA--(BUSINESS WIRE)--Nov. 27, 2000 CheckFree (Nasdaq:CKFR CKFR Checkfree Corporation (stock abbreviation, AMEX) ), the leading provider of electronic billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
EBP Enterprise Buyer Professional EBP Education Business Partnership EBP European Business Programme EBP Efficiency Bandwidth Product EBP Electronic Billing and Payment EBP Extended Base Pointer EBP Error Back Propagation ) services, today named Derivion, a leading application services See ASP and Web services. provider (ASP) that delivers comprehensive B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , and small business e-billing solutions, as its most recent Premier Certified See certification. Partner through its Partner Certification Program. The CheckFree Partner Certification Program is designed to offer partner organizations CheckFree's leading distribution and payment systems as a complement to the partners' products and services. "Bringing more bills online is essential for making electronic billing and payment an even more compelling service for consumers. As a Premier Certified Partner, Derivion is helping CheckFree change how Americans pay their bills," said Michael Sapienza, senior vice president of channel and partner management at CheckFree. "The goal of the partnership program is to simplify and accelerate the process for billers to bring electronic billing and payment to market, and Derivion is an important partner in this endeavor." "Derivion's mission is to provide recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. billers of all sizes with flexible, Internet-based e-billing solutions that transition monthly billing and payment functions to the Internet without disrupting their current billing processes," said Andrew Wexler, executive vice president of strategic development at Derivion. "As a Premier Certified Partner, we expand our relationship with CheckFree - established early this year - and continue to deliver robust e-bill presentment presentment: see indictment. and payment solutions to our growing base of customers." By meeting all formal requirements, Derivion will offer its 72 biller bill·er n. One that bills, as: a. A clerk who prepares bills. b. A machine used in preparing bills. clients the choice of establishing full connection to CheckFree's extensive distribution network of nearly 250 Internet access See how to access the Internet. points including banks, credit unions, brokerage firms, portals, and personal financial management Web sites. About CheckFree's Partner Certification Program CheckFree's Partner Certification Program offers two levels of certification: CheckFree Certified Partner and CheckFree Premier Certified Partner. The designations are based on the level of electronic billing and payment functionality supported by the partner organization. CheckFree Certified Partners support the essential electronic billing and payment functions. CheckFree Premier Certified Partners offer their customers not only the essential EBP functions, but also advanced marketing, customer care and tracking features available through CheckFree, as well. Certification Partners receive comprehensive training in the areas of sales, marketing/communications and technical solutions as they complete the program. In order to remain certified, partner organizations must participate in a quarterly business review with CheckFree, in which the partner will discuss product direction and sales goals. Certified partners will also receive ongoing training and support as new products are released. The CheckFree Partner Certification Program entails four steps for successful certification, all of which Derivion has completed. Once all four criteria have been met, the partner organization will receive official certification from CheckFree. The four components are as follows: -- Business Analysis and Sales Planning--This initial component is designed to set accurate expectations and provide partner organizations with an understanding of CheckFree products and business rules. The partner organization receives a customized business plan that includes a sales plan, identifies partnership goals, defines how the objectives will be achieved and determines and measures how results are to be evaluated. -- Marketing Support and Communications Planning--The purpose of this step is to provide the partner organization with materials and programs that will aid in effective marketing/communications efforts. CheckFree provides tools to help partners promote their status as a Certified Partner or Premier Certified Partner, as well as establish guidelines for collaborating on marketing and public relations initiatives. The partner organization will receive a marketing toolkit, including a Certified Partner Logo, trade show signage and a listing on the CheckFree corporate Web site (www.checkfree.com). -- Certification Requirements Training/Interface Design--The goal of this component is to educate the partner organization's development staff on the details of interfacing with CheckFree and supporting this new interface. Partners receive Web-based and classroom training on product functions and features, connectivity issues and architecture design guidelines. A CheckFree Partner Certification Manager supports the partner organization as it designs and codes its interface solution. -- Product Validation--This final step ensures that the interface solution is efficiently integrated with CheckFree services and meets CheckFree compliance standards. The testing plan developed during the Technical Development component is implemented during this step. CheckFree executes a series of tests in order to guarantee proper data movement among all parties. About Derivion Derivion is the leading e-billing ASP that delivers comprehensive B2C, B2B, and small business solutions to automate and streamline bill delivery, payment, and customer care processes. Derivion enables billers of all sizes with three core e-billing solutions: inetBiller(SM), inetBiller B2B(SM), and a small business e-billing solution. In addition, Derivion supports billers with DigitalCare(SM); a unique service offering that integrates traditional and Internet-based CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. tools to enhance customer relationships. DigitalCare incorporates Activation Marketing--a powerful resource aimed at accelerating consumer adoption of e-billing. Derivion has an extensive network of 25 partnerships with industry leaders in electronic bill distribution and payment processing including ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , CheckFree, First Union, MasterCard RPPS RPPS Remote Payment and Presentment Service RPPS Rockaway Park Philosophical Society RPPS Retropatellar Pain Syndrome RPPS Retired Pay Personnel Systems RPPS River Parish Practical Shooters (Louisiana) , and Texas Capital Bank. Derivion also connects billers to virtually all consumer access points such as Yahoo! Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. .com, Charles Schwab Charles Schwab can refer to:
tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. , and CheckFree. Derivion leads the industry with pioneering technology and multi-layered services, currently working with 72 B2C and B2B billers to annually digitize To convert an image or signal into digital code by scanning, tracing on a graphics tablet or using an analog to digital conversion device. 3D objects can be digitized by a device with a mechanical arm that is moved onto all the corners. over 200 million bills. Founded in 1998, Derivion is headquartered in Atlanta, Georgia, and maintains research, development, and additional sales offices in Toronto, Canada. For more information about Derivion, please visit www.derivion.com. About CheckFree CheckFree (www.checkfree.com) is the leading provider of financial electronic commerce services and products. Founded in 1981, CheckFree launched the first fully integrated electronic billing and payment solution in 1997. Today, CheckFree enables 4.1 million consumers to receive and pay bills electronically. The company has multi-year contracts with 210 of the nation's top billers to provide online billing and payment through nearly 250 consumer service providers (CSPs), including banks, brokerage firms, Internet portals and content sites and personal financial management (PFM) software. CheckFree's Software Services division provides solutions that are used to process more than two-thirds of the nation's six billion Automated Clearing House See ACH. payments, and reconciliation products and services to 400 banks and businesses. Also within the Software Services division is CheckFree i-Solutions, which enables billers to create electronic billing and payment applications that transform bills and statements into interactive conduits for customer relationship management, marketing and customer self service. CheckFree's Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division's clients manage more than 1,000,000 portfolios totaling more than $500 billion in assets. Certain of the Company's statements in this press release are not purely historical, and as such are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, and other risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission, including Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2000 (filed September 26, 2000). One or more of these factors have affected, and could in the future affect, the Company's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements. |
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