Release of the morning:
DocuCorp Announces Agreement
With CheckFree To Integrate Electronic Billing and Payment Via The
Internet
DALLAS--(BUSINESS WIRE)--Jan. 11, 2000--DocuCorp International
(Nasdaq:DOCC) today announced an agreement with CheckFree Corporation
(Nasdaq:CKFR) to provide an integrated electronic bill presentment and
payment (EBPP) solution.
DocuCorp's technology will enable customers to view bills,
statements and other documents over the Internet. Through the
agreement, DocuCorp will offer its clients' bills over CheckFree's
distribution and payment network of 53 live sites including leading
Internet portals, banks and other financial institutions.
"Electronic billing and payment is a powerful customer
communications instrument for both billers and financial
institutions," said Sean Feeney, CheckFree's executive vice president,
biller field operations. "Teaming with DocuCorp allows CheckFree to
extend the number of companies it serves in key markets such as
insurance, utilities and telecommunications."
"CheckFree is the leader in electronic billing and payment," said
Michael D. Andereck, president and chief executive officer of
DocuCorp. "DocuCorp is the leader in electronic document creation and
presentment. This alliance will greatly benefit those DocuCorp
software users wishing to offer their customers the convenience of
electronic payment and collections via CheckFree's industry-leading
infrastructure and distribution network, along with the ability to
view and interact with their billing information."
Unlike other EBPP products on the market, which are limited by
the data that they can extract from a legacy print stream, the
DocuCorp technology provides unprecedented flexibility because it can
access the original customer source data to create the type of bill a
customer desires -- Internet or print. Since the same DocuCorp
solution can generate both printed bills and Internet bills, the need
to implement and support separate print and Internet systems is
eliminated.
About CheckFree
CheckFree Corporation (www.checkfree.com) (Nasdaq:CKFR) is the
leading provider of financial electronic commerce services and
products. Founded as an electronic payments processor in 1981,
CheckFree launched the first fully integrated electronic billing and
payment solution, CheckFree E-Bill, in March of 1997. Today, CheckFree
services enable three million consumers to receive and pay bills over
the Internet or electronically. The Company has multi-year contracts
with 77 of the nation's top billers to provide online billing and
payment through its network of partnerships with consumer service
providers (CSPs), including banks, brokerage firms, Internet portals
and content sites, and personal financial management (PFM) software.
CheckFree's Investment Services division provides a range of
investment management services to help more than 255 institutions
provide portfolio management and reporting services to their clients.
CheckFree clients manage over 760,000 portfolios totaling more than
$400 billion in assets. Software and services provided by CheckFree's
Compliance and Financial Service division are used to process more
than two-thirds of the nation's six billion Automated Clearing House
(ACH) payments. In addition, nearly 400 banks and businesses use
reconciliation products and services the division provides.
About DocuCorp
DocuCorp markets a portfolio of open-architecture,
enterprise-wide, document automation software products that enable its
customers to create, publish, manage and archive complex, high-volume,
individualized documents. The company also provides document
automation consulting, application integration, and document
processing, printing, and mailing services. DocuCorp has an installed
base of more than 900 customers, including many of the largest
insurance, utility, financial services, higher education and
telecommunications organizations.
Headquartered in Dallas, DocuCorp has major facilities in Atlanta
and Silver Spring, Md. The company also maintains offices in London,
Portland, Maine, and Bedford, N.H. DocuCorp is a Safeguard
Scientifics, Inc. (NYSE:SFE) partnership company. For more
information, visit DocuCorp's Web site at www.docucorp.com.
Certain information contained in this news release may include
"forward-looking statements" within the Certain information contained
in this news release may include "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of historical facts, included in
this news release are forward-looking statements. Such statements are
subject to certain risks and uncertainties, which include but are not
limited to the risk of competitive pressures, failure to adequately
respond to technological developments, loss of significant customers
or distributors, and the other risk factors and cautionary statements
listed from time to time in the Company's periodic reports filed with
the Securities and Exchange Commission. All forward-looking statements
included in this news release and all subsequent oral forward-looking
statements attributable to the Company or persons acting on its behalf
are expressly qualified in their entirety by these cautionary
statements. DocuCorp is a registered trademark of DocuCorp
International.
(c) 2000 DocuCorp International. All Rights Reserved.
Company, organization and product names mentioned herein are
trademarks or registered trademarks of their respective owners.
DocuCorp and its symbol are trademarks of DocuCorp International. |
