CheckFree and Netonomy Sign Strategic Reseller Agreement
16 December 2004 - 1:00AM
PR Newswire (US)
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/
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