CheckFree Names KUBRA as Premier Certified Partner.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--May 29, 2001 Leading e-billing provider achieves Premier Certification status and enhances payment and distribution options for telecom, insurance, publishing, credit card, and utility consumers CheckFree i-Solutions, the leading provider of interactive e-billing and e-statement applications and part of CheckFree Corporation (Nasdaq: CKFR CKFR Checkfree Corporation (stock abbreviation, AMEX) ), today named KUBRA, a leading application services See ASP and Web services. provider (ASP) that delivers comprehensive business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) and business-to-business (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 ) e-billing solutions, as Premier Certified See certification. Partner through its Certification Program. The CheckFree Partner Certification Program is designed to offer organizations technical, business and marketing expertise in leveraging CheckFree's leading distribution and payment systems as an extension of their own products and services. "CheckFree's Partner Certification Program offers partners tighter integration with CheckFree's distribution and payment services, which accelerates the process for bringing billers and their valuable e-bill content to the market," said Michael Sapienza, senior vice president of channel and partner management at CheckFree i-Solutions. "As a Premier Certified Partner, KUBRA will work with CheckFree to make its 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:
Please [ improve this article] or discuss the issue on the talk page. sites." KUBRA e-bill(TM), a unique ASP service bureau model running on the CheckFree i-Series(TM) software platform, offers companies a complete, outsourced e-billing solution for their consumer and business customers including digital document creation and delivery, interactive customer care, consolidator integration, personalized marketing Personalized marketing (also called personalization, and sometimes called one-to-one marketing) is an extreme form of product differentiation. Whereas product differentiation tries to differentiate a product from competing ones, personalization tries to make a unique product and payment processing. KUBRA's status as a Premier Certified Partner is extended through their utilization of the CheckFree Online Payment product for online payment capability in a biller bill·er n. One that bills, as: a. A clerk who prepares bills. b. A machine used in preparing bills. direct model. The combination of CheckFree Online Payment with the i-Series platform brings together billing information and payments for consumers and business through an integrated user interface. By leveraging software and multiple payment options from a single source, KUBRA can support a variety of electronic billing and payment models for its customers. "This certification fortifies our commitment to CheckFree i-Solutions as the ideal partner for e-bill distribution and payment. Our clients demand a complete solution for Internet document delivery and payment, and this partnership program is another catalyst to drive awareness and consumer adoption," said Rick Watkin, 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. of KUBRA. "Our objective is to provide a solution that is rich with functionality and that gives organizations the most extensive consumer reach possible through CheckFree's network of e-bill enabled distribution sites." As a CheckFree Premier Certified Partner, KUBRA will be able to offer its array of biller clients a full suite of electronic billing and payment options. KUBRA billers will have access to CheckFree's extensive distribution network of nearly 300 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 electronic billing and payment functions, but also marketing, customer care and tracking features available through CheckFree. Certified 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 quarterly business reviews with CheckFree. 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 KUBRA has completed. About KUBRA KUBRA leads the market in delivering comprehensive customer communication and customer relationship management outsourced solutions. KUBRA has leveraged our expertise in these skill sets to offer various business communities personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. interactive customer communication and management solutions. Since our inception in 1992, we have created a multinational corporation multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. that creates value for our customers in the form of enhanced access to new markets, reduced costs and increased profitability. KUBRA capabilities in data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , print production, electronic presentment presentment: see indictment. and delivery and secure payment processing allow us to provide customer communication solutions through any channel and to facilitate the communication program throughout its entire life cycle - from document conception and presentment to customer response and payment. More information on the Company is available on the Internet at www.kubra.com. About CheckFree CheckFree (Nasdaq: CKFR) is the leading provider of financial electronic commerce services and products. Founded in 1981 and celebrating its 20th year in e-commerce, CheckFree launched the first fully integrated electronic billing and payment solution in 1997. Today, CheckFree enables 4.8 million consumers to receive and pay bills electronically. The company has multi-year contracts with 245 of the nation's top billers to provide online billing and payment through nearly 300 financial services organizations, including banks, brokerage firms, Internet portals and content sites and personal financial management (PFM) software. CheckFree 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 and compliance products and services to 400 banks and businesses. This division includes CheckFree i-Solutions, the leading provider of interactive e-billing and e-statement software and services that enable companies to transform bills and statements into interactive conduits for customer relationship management, marketing and customer self service. CheckFree 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. For more information visit www.checkfree.com. 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 the Company's 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), Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2000 (filed November 14, 2000), and Form 10-Q for the quarter ended December 31, 2000 (filed February 13, 2001); and Form 10-Q for the quarter ended March 31, 2001(filed May 11, 2001). 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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