Checkfree Corp (MM) (NASDAQ:CKFR)
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CheckFree and Netonomy Sign Strategic Reseller Agreement
-- MyNetonomy integrated with CheckFree's world-class e-billing and payment
products to provide best-in-class customer self-service solution --
ATLANTA and BOSTON, Dec. 15 /PRNewswire-FirstCall/ -- CheckFree Corporation
(NASDAQ:CKFR), a leading provider of financial electronic commerce services and
products, and Netonomy, the global leader in customer self-service (CSS) and
bill analysis solutions for the communications industry, today announced a
partnership in which CheckFree will integrate and resell Netonomy's
interactive, customer self-service technology as part of its CheckFree i-Series
suite of electronic billing software.
With CheckFree i-Series, organizations around the world can send electronic
invoices, bills and/or statements to business customers and consumers from a
single, integrated platform. Netonomy's customer self-service solution,
MyNetonomy, enables companies to offer personalized self-service portals that
provide online account management, e-Commerce and electronic bill analysis.
Through the partnership, CheckFree will provide its billing customers with an
expanded software suite that offers more comprehensive, best-of-breed customer
self-service capabilities. With the joint solution, billers will be able to
allow consumers and business customers to manage their accounts, buy new
products and services, review, analyze and pay bills, and resolve any problems
through a single user interface at the biller's own Web site. Business
customers have expanded capabilities enabling them to bulk order new products
and services and route those orders for management approval, activate accounts
and process service or account changes on behalf of their employees, reassign
accounts between staff, analyze order and billing information, automatically
separate personal billing transactions from business transactions and report
and resolve problems online.
Today, CheckFree distributes electronic bills for its customers through over
1,400 consolidated electronic billing and payment destinations in the United
States, including financial services organizations and Internet portals.
CheckFree i-Series software is currently being used by over 130 companies in 25
countries around the world to deliver electronic bills and invoices to
consumers and business customers.
Netonomy offers best-of-breed customer self-services capabilities to some of
the world's largest, most innovative communications companies in the world,
including Orange, and Vodafone. Its solutions reach around 70 million business
and residential communications subscribers in Europe, Middle-East & Africa, and
North and South America, and consistently achieve higher adoption rates, faster
with frequent customer interaction by delivering subscribers a superior
self-service user experience.
"CheckFree has a long track record of supporting billers in deepening their
online relationships with its business and consumer-based electronic billing
software and services," said John Hughes, executive vice president, Netonomy,
Inc. "CheckFree's expertise in delivering solutions across many industry
verticals makes them the ideal partner to broaden the reach of our customer
self-service technology and deliver expanded capabilities to billing
organizations. For billers, the CheckFree-Netonomy partnership represents the
broadest combined customer self-service, provisioning and e-billing offering
available today. This is a clear statement of CheckFree and Netonomy's
commitment to leading the billing industry's vision for the coming years."
"Netonomy's industry-leading analytical customer self-service capabilities
strengthen CheckFree's reliable, best-in-class electronic billing software.
When a bill is online, interactive and self-service enabled, it becomes a
window into more cross-sales, lower service costs and enhanced communication,"
said Matt Lewis, executive vice president, CheckFree Corporation. "The Netonomy
partnership gives our customers all of these capabilities combined with
CheckFree's world-class reliability. This balance is critical, because advanced
features are irrelevant if the service does not operate at the highest level of
quality."
About Netonomy
Netonomy is the leader in customer self-service solutions, providing online
account management, e-Commerce and electronic bill analysis for the
communications industry. The MyNetonomy customer self-service application
suite allows consumers, business customers and POS employees to activate and
manage subscriptions, buy new products and services, review, investigate and
pay bills, resolve problems, and analyze every aspect of the service
relationship using virtually any communications device.
MyNetonomy enables network operators and service providers to achieve higher
adoption rates faster with frequent customer interaction by delivering
customers a superior self-service user experience. This enables Netonomy
customers to realize the maximum business benefits from CSS as fast as possible
-- dramatically reducing the cost of customer interaction while improving
customer service and increasing sales. Netonomy customers include innovative
and market leading operators like: Bouygues Telecom, Orange, SFR and Vodafone.
With dual headquarters in Boston and Paris, and sales and support offices in
London, Rotterdam, Singapore and Sydney, Netonomy partners with industry-
leading system integrators and application software vendors to produce complete
solutions for the communications sector. For more information, please visit
http://www.netonomy.com/ .
About CheckFree ( http://www.checkfreecorp.com/ )
Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial
electronic commerce services and products to organizations around the world.
CheckFree Electronic Commerce solutions enable thousands of financial services
providers and billers to offer their customers the convenience of receiving and
paying their household bills online or in person through retail outlets.
CheckFree Investment Services provides a broad range of investment management
solutions and outsourced services to thousands of financial services
organizations, which manage more than $1 trillion in assets. CheckFree Software
develops, markets and supports software applications that are used by financial
institutions to process more than two-thirds of the 10 billion Automated
Clearing House transactions in the United States. The division also provides
reconciliation, financial messaging, compliance and electronic billing and
statement software to hundreds of organizations across the globe.
Certain of CheckFree's statements in this press release are not purely
historical, and as such are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act 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 CheckFree's
business, and other risks and uncertainties detailed from time to time in
CheckFree's periodic reports filed with the Securities and Exchange Commission,
including CheckFree's Annual Report on Form 10-K for the year ended June 30,
2004 (filed September 3, 2004) and Form 10-Q for the quarter ended September
30, 2004 (filed November 9, 2004). One or more of these factors have affected,
and could in the future affect CheckFree'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 press release will prove to be accurate, and issuance of such
forward-looking statements should not be regarded as a representation by
CheckFree, or any other person, that the objectives and plans of CheckFree will
be achieved. All forward-looking statements made in this press release are
based on information presently available to management, and CheckFree assumes
no obligation to update any forward-looking statements.
DATASOURCE: CheckFree Corporation
CONTACT: John Hughes of Netonomy, +1-617-424-8490, or ;
or Giles Fraser, , or Toby Walsh, both of Brands2Life,
+1 44 20 7386 6200, for Netonomy; or Judy Wicks, +1-678-375-1595, or
, or Tina Moore, +1-678-375-1278, or
, both of CheckFree Corporation
Web site: http://www.checkfreecorp.com/
http://www.netonomy.com/