CheckFree and Selesta Partner to Bring New E-Billing and Financial Transaction Workflow Solutions to Italy
Wednesday July 7, 9:00 am ET
ATLANTA and LONDON, July 7 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced a new agreement with Selesta, S.p.A. one of Italy's leading IT software and systems integration providers, to market CheckFree's electronic billing and financial transaction management solutions. Selesta identified an increasing demand from the Italian business and consumer markets for both Internet-based bill delivery and payment solutions and risk-reducing reconciliation and securities settlement technology. As a result, the company recently established two new business lines to harness these growing opportunities, and has chosen CheckFree as its technology partner in both markets.
Under the terms of the partnership, Selesta will represent four different products from CheckFree Software. CheckFree i-Series is the world's leading electronic billing and statement delivery solution for banks, credit card providers, telecommunications, utilities, manufacturing, logistics and other high volume billers. CheckFree MessageBroker is the de facto standard solution for financial messaging middleware. CheckFree TradeFlow TPM automates securities confirmation and settlement workflow and exception management. CheckFree RECON-Plus Frontier provides enterprise-wide reconciliation and matching. Working together, these CheckFree Software solutions provide a global straight through processing (STP) environment for payments, trades and other financial transactions for enhanced operational efficiency and corporate risk management.
Selesta has a twenty-year reputation for representing only best-of-breed solutions and has developed long-term relationships with customers from among Italy's top 200 companies including banks, government and large corporate organisations. Adriano Prefumo, President of Selesta, said, "Selesta has been very impressed with the work done by CheckFree already in Italy, at a major investment management service provider, using the TradeFlow products for order routing and error reduction, on a nationwide initiative to connect billers and banks in Italy with CheckFree i-Series software."
Says Mr. Prefumo: "Business rules are becoming increasingly international for e-billing, financial messaging, reconciliation and other major types of applications. It therefore makes good sense, both from a technology and economic point of view, to work with the international leader across these markets."
Sean Feeney, executive vice president and general manager, CheckFree Software, comments: "The relationship with Selesta enables CheckFree to strengthen its presence in the Italian market and provide multiple product lines through a single organisation that is respected within the financial services and billing industries. . ."
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