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Tuesday June 4, 7:00 am Eastern Time
Press Release
SOURCE: CTI Group
CTI Group Taps Metavante To Provide Electronic Presentment And Payment Technology
Advanced Software Will Be Integrated With CTI Group's MagnaFlex(R) Billing System, Proving Convergent EPP For Circuit-Switched, Packet-Switched Phone Networks
INDIANAPOLIS, IN and MILWAUKEE, WI--(INTERNET WIRE)--Jun 4, 2002 -- CTI Group (Holdings) Inc., (OTCBB:CTIG - news), a worldwide provider of billing management and bill analysis software for the telecommunications industry, today announced it has chosen Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI - news), to provide the Electronic Presentment and Payment (EPP) capability for CTI Group's flagship telecommunications billing product, MagnaFlex®.
Metavante offers the only complete, single-source electronic bill presentment and payment solution in the marketplace, and is a leader in its industry. By integrating Metavante EPP with MagnaFlex, CTI Group will be able to offer telecommunications service providers and their corporate customers the ability to view, pay, manage, and automate telephone and/or data services bills through the Internet.
"Metavante EPP is a full-featured product and a very effective solution," said Bill Miller, chief operating officer of CTI Group. "As part of a $27 billion bank holding company and a key provider of EPP for the financial services industry, Metavante has a strong, ongoing commitment and responsibility to provide the most innovative and technologically advanced products. Metavante also has the financial backing and corporate support necessary to lead the EPP field. For these reasons we believe Metavante is the best possible choice for MagnaFlex, and we are confident our customers will greatly benefit from its technology for years to come."
"By using our electronic payment and presentment technology, CTI Group will be able to offer state-of-the-art services immediately, with ramp-up capacity as needed," said Nancy Langer, president and general manager, Metavante Electronic Presentment and Payment. "Our years of experience and broad deployment among hundreds of clients in the financial field has enabled us to develop a superior product, one that will provide similar high-quality results in the telecommunications marketplace through MagnaFlex."
MagnaFlex, introduced by CTI Group in October 2001, is a state-of-the-art billing system that meets the billing needs of convergent telecommunications services including local, long distance, wireless, and Internet provider services. Easy-to-use and highly modular in design, MagnaFlex offers a friendly environment for users familiar with the look and feel of Microsoft® Windows® software.
MagnaFlex supports both front office (customer care, bill inquiry, service order processing) and back office (invoicing, rating, taxing, collections) functions in a tightly integrated solution. It is the most intuitive, easy-to-use product of its kind, one that allows the service provider to deliver an exceptionally high level of customer service.
End users of MagnaFlex will experience seamless EPP functionality with the hosted solution of Metavante. Metavante technology offers the document composition, total bill management, business to consumer, business to business, small business, and pay anyone product suite of applications for EPP, which includes CSF™, CSP, BSP, and Electronic Payment.
To learn more about CTI Group's MagnaFlex billing system, visit www.ctigroup.com; additional information about the electronic bill presentment and payment capabilities of Metavante can be found at www.metavante.com.
About Metavante Corporation
With more than 3,500 clients, including the largest 20 banks in the United States, Metavante Corporation is a leading financial services enabler, delivering virtually all of the technology that an organization needs to offer financial services. Metavante offers financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, private label banking, and wealth management. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation (NYSE:MI - news).
About CTI Group
CTI Group (Holdings), Inc. is a premier worldwide provider of next-generation telecommunications billing and analysis software solutions for telecommunications service providers and their corporate customers. For enterprises, CTI Group offers a full array of traffic analysis, mediation, and post-billing call analysis tools; service providers benefit from MagnaFlex®, the company's convergent Customer Care and Billing (CC&B) system that supports both circuit-switched and packet-switched telephony and data services. CTI Group's products are in daily use by some of the top service providers in North America and the United Kingdom, and play a trusted role in managing telephony costs at major corporations around the world. Headquartered in Indianapolis, CTI Group maintains overseas offices in London. For more information, please visit the company's website at www.ctigroup.com.
MagnaFlex® is a registered trademark of CTI Group (Holdings), Inc. Metavante is a trademark of Metavante Corporation. All other trademarks or registered trademarks are the property of their respective owners.
Safe Harbor Statement: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual events or results. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-KSB for its most recent fiscal year ended December 31, 2001.
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Contact:
Contact: Mara Conklin
Company: Clarus Communications
Voice: 847-816-9411
Email: mconklin@teamclarus.com
Contact: Chip Swearngan
Company: Metavante Corporation
Voice: 414-357-3688
Email: chip.swearngan@metavante.com
URL: metavante.com |
