Matav, Hungary's Primary Telecommunication Provider, Takes Lead With National Electronic Billing and Payment Consolidation Servi
January 11 2005 - 5:09PM
PR Newswire (US)
Matav, Hungary's Primary Telecommunication Provider, Takes Lead
With National Electronic Billing and Payment Consolidation Service
Powered by CheckFree Software ATLANTA and LONDON, Jan. 11
/PRNewswire-FirstCall/ -- CheckFree Software, a business of
CheckFree Corporation (NASDAQ:CKFR), today announced that Matav,
Hungary's former national telecommunications carrier, has begun the
pilot phase of the country's first electronic billing and payment
service. The new service will enable customers to view, query and
pay their bills online, which is a major convenience in a country
where consumer bill payments are typically made via money orders
and giro payments at the local post office. Matav's new Internet
billing service is based on CheckFree i-Series software with
systems integration provided by IBM and local business partner,
Triad Computer Services. Matav is currently working on its national
messaging and promotional campaign for the service, which is
scheduled to launch at the end of February 2005. Matav is also
breaking new ground by becoming one of the first telecommunication
providers globally to host an e-billing and payment consolidation
service. A bill consolidator enables a range of telecoms,
utilities, credit card and other cyclical bills to be viewed and
paid from a single web site. The role of electronic billing and
payment consolidator has traditionally been filled by a central
payment processor or postal service provider. As a pioneering
telecommunication service provider, Matav will offer consolidated
bills for its own fixed, wireless, cable TV and IP business units,
and then extend the service to cross-industry billers throughout
Hungary. Hungary lifted restrictions on electronically generated
bills in May 2004, changing a mandate that companies could only
issue paper bills and statements. "In response to the new
regulations, we were determined to be the first company in Hungary
to bring electronic billing and payment to market," said Peter
Racsko, EBPP Project Leader and Director of Business Intelligence
and Documentation Directorate at Matav. "Our implementation and
requirements were very complex, and we needed a solution that was
flexible and easy to configure to bring us into production quickly.
CheckFree i-Series was the only solution that met our requirements
to accommodate a wide variety of data formats from different
billing systems, and provide multiple payment interfaces, in our
case specific to the national Hungarian banking system." "The
potential success of Matav's new service required a technology
solution that could allow a wide assortment of bill types to be
delivered and viewed at a single site, so flexibility and
scalability were critical," explained Randy McCoy, Executive Vice
President and General Manager of CheckFree Software. Currently,
Matav generates four million paper bills a month and anticipates
significant savings in paper and related costs, as well as
potential new revenue streams such as electronic archiving for up
to eight years, with on-demand distribution to customers. Customers
themselves will also benefit. The new electronic billing service
provides greater control over the payment process, enabling
customers to preview and query their bills before making payment
and receiving a transaction confirmation. Looking ahead, Matav also
anticipates extending the service to include a range of services
for corporate customers, for whom e-billing brings the ability to
access and analyse complex billing data, connect to ERP and
accounting systems and provide additional types of enterprise
workflow support. 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: Media, Judy
DeRango Wicks, +1-678-375-1595, or , or Investor Relations, Tina
Moore, +1-678-375-1278, or , both of CheckFree Corporation Web
site: http://www.checkfreecorp.com/
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