Spectrum Selects Just in Time Solutions to Provide Critical Standards-Based
Software
SAN FRANCISCO, Nov 2, 1999 (BUSINESS WIRE) --
Just in Time's BillCast Technology, OFX Certification to Enable
Billers and Banks to Exchange Online Bills
Just in Time Solutions, a leading provider of Internet billing and
interactive customer care software, today announced that Spectrum will
use key online billing standards technology from Just in Time's
industry leading BillCast(TM) platform.
Spectrum, EBP, LLC, a recently formed venture of Chase Manhattan, First
Union and Wells Fargo, aims to stimulate broader adoption of online
billing by providing the first open, interoperable exchange for
financial institutions to route online bills between billers and
consumers. In addition to providing standards-based technology to
Spectrum, Just in Time will also provide certification software so that
the online billing systems of Spectrum members are compliant with the
Open Financial Exchange (OFX) interoperability standard.
According to Liam Carmody, acting chief executive officer of Spectrum,
"A key goal of Spectrum is to accelerate the adoption of online
billing, and we are fully committed to creating the open and
interoperable infrastructure that is necessary to jumpstart this
effort. Just in Time, which shares our philosophy of open standards, is
a critical member of the team that will help us reach mass market
adoption of online billing."
"The formation of Spectrum is clearly a tremendous validation of the
importance of interoperability and open standards to the industry,"
noted Douglas S. Thompson, president and CEO of Just in Time Solutions.
"Just in Time has always believed that the success of the online
billing market ultimately depends on eliminating the unnecessary
barriers that proprietary systems place between banks, billers and
their customers. Open standards are the only way to create this
interoperability.
"We are extremely pleased to be playing a key role in what may be the
most important development to date for our industry," Thompson
continued. "We have invested significant effort in making our BillCast
software the most complete, standards-based solution for online
billing. Spectrum's decision to embrace open standards and use BillCast
technology is certainly a great validation of our effort."
Under an agreement between Spectrum and Just in Time Solutions,
Spectrum has licensed core components of Just in Time's BillCast
platform, including elements that provide Spectrum with OFX bill
distribution capabilities. As a result, banks, billers and Biller
Service Providers (BSPs) who have previously built online billing
systems using BillCast software can take advantage of Spectrum'*s
service. In addition, Just in Time's recently announced BillCast 2.0 is
fully interoperable with Spectrum, and is available for banks that wish
to connect to the Spectrum service.
Spectrum has also selected Just in Time to provide certification
software to ensure that online billing systems of Spectrum members
comply with the OFX standard. Just in Time has extensive experience in
OFX certification, having certified an overwhelming majority of the OFX
bill distribution connections currently in operation, including those
of Intuit, CheckFree, and Bank of America.
"Certification is an essential piece of the open standards puzzle,"
commented Eric Dunn, senior vice president and CTO of Intuit. "Just in
Time has done an outstanding job for us and will no doubt perform
equally well for Spectrum."
About the BillCast Platform
BillCast(TM) 2.0 is a modular, enterprise-class suite of applications
designed to provide billers and bill publishers with a sophisticated
end-to-end solution for personalized bill presentment, payment and
service delivery. Based on open standards, BillCast 2.0 enables billers
to use the electronic bill as a platform for delivering advanced
self-care applications. Using a single BillCast application, billers
can publish e-bills directly on their own Web sites and simultaneously
publish bill summaries to consolidators such as home banking Web sites
or portals.
About Just in Time Solutions
Just in Time Solutions is the leading provider of complete software
solutions for Internet billing and interactive customer care. The
company's modular BillCast(TM) software suite enables
relationship-centric billers to deploy secure, scalable solutions for
personalized billing, payment and service delivery that increase the
value of each customer interaction. Just in Time Solutions helped
pioneer the Open Financial Exchange (OFX) standard for online bill
presentment and the thin consolidator model and continues to champion
open standards. Founded in 1995 and based in San Francisco, Just in
Time Solutions' customers include some of the largest billing
organizations and service providers in the industry, including AT&T,
Bank of America, Intuit and Output Technology Solutions. For more
information, please visit www.justintime.com or call 415/553-6400.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Just in Time Solutions, Inc.
Victoria Schreiber, 415/553-6427
victoria@justintime.com
or
Sterling Communications Inc.
Kevin Pedraja, 408/441-4100
kmp@sterlingpr.com
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA
INDUSTRY CODE: BANKING
COMPUTERS/ELECTRONICS
E-COMMERCE
INTERNET
SOFTWARE
MARKETING
AGREEMENTS
PRODUCT
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