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Sep 09, 2008 - Comverse (PINKSHEETS: CMVT), the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that it will be exhibiting at CTIA Wireless I.T. and Entertainment, September 10-12, 2008, in San Francisco. At the show, Comverse will highlight the Comverse(R) ONE(TM) Billing & Active Customer Management(TM) solution for accelerated time to revenue, Comverse Mobile Ad solution for the generation of new carrier revenue streams, and innovative voice and content services for increased service usage. Comverse will be located at Booth #938. "As a leader and innovator in value-added services, messaging, billing and now mobile advertising, Comverse plays a key role in supporting operators' personalized services in an evolving, connected world," commented John Bunyan, Chief Marketing Officer at Comverse. "Our expertise enables operators to deploy and manage the service lifecycle from launch to increased usage with product-based solutions that meet today's and tomorrow's needs."
Sep 09, 2008 -- Descartes Systems Group (NASDAQ: DSGX), a global on-demand software-as-a-service (SaaS) logistics solutions provider, has extended its services with Delta Cargo to support all of Delta Cargo's domestic electronic cargo bookings. Delta Cargo has selected Descartes' GF-X Exchange and Descartes CargoBooker to extend electronic cargo bookings to all freight forwarders working with Delta Cargo. "Extending services with Descartes is a natural progression for Delta and a commitment of our brand and service to our customers,'' said Neel Shah, Vice President - Cargo of Delta Cargo. ''Descartes GF-X Exchange combined with Descartes CargoBooker provides our customers with the ability to readily access our carrier information and make electronic bookings 24 hours a day, 7 days a week, via a simple web browser with no software installation required.'' Descartes GF-X Exchange is one of the largest electronic information and reservation systems in the airfreight industry. Airfreight carriers can distribute real-time product, routing, capacity and rate information to their forwarders worldwide. Descartes CargoBooker is a bookings service which enables small and mid-sized freight forwarders to make bookings direct with Delta Cargo. Airfreight forwarders can access carrier information, make electronic bookings and track shipments via a web browser, 24 hours a day, 7 days a week.
Sep 09, 2008 -- SouthernLINC Wireless, a Southern Company (NYSE: SO), today announced that participating SouthernLINC Wireless dealers now have the ability to accept payments for customers' SouthernLINC Wireless bills through CheckFreePay. CheckFreePay is part of Fiserv, Inc., a leading provider of information technology services to the financial industry. This new offering allows walk-in bill payment services at more than 45 SouthernLINC Wireless authorized dealer locations throughout the Southeast. "With today's on-the-go lifestyle, individuals, families and small businesses are looking for ways to save time and simplify," said David Keith, general manager of dealer relations at SouthernLINC Wireless. "CheckFreePay provides SouthernLINC Wireless customers with an additional quick and dependable option when they need to make a last-minute or in-person bill payment. Additionally, it gives our customers peace of mind - they know their bill has been paid securely, and their check isn't lost in the mail." To use CheckFreePay's bill payment service, SouthernLINC Wireless customers need to bring their bill stub to a participating authorized dealer location. All dealer locations accept cash, and some also take Visa or MasterCard. SouthernLINC Wireless payments made via CheckFreePay are delivered the same day, and a receipt serves as proof of payment. A nominal fee of $5.00 is charged for the service at the time of the transaction. "We're pleased to join SouthernLINC Wireless in expanding bill payment options for its customers," said Paul Harrison, senior vice president and general manager of CheckFreePay, now part of Fiserv. "CheckFreePay allows consumers to avoid late fees and pay critical bills quickly and conveniently. Walk-in payment services also have the potential to increase customer loyalty and satisfaction by giving consumers multiple reasons to visit their local SouthernLINC Wireless dealer store on a regular basis."
Sep 09, 2008 -- Blue Cross Blue Shield of Minnesota is deploying Pegasystems' Claims Repair Solution FrameworkTM (NASDAQ: PEGA | Quote | Chart | News | PowerRating) to address new Blue Cross Blue Shield Association compliance mandates, boost productivity and increase accuracy across their claims operations. By using the Pegasystems' solution, BCBS MN is improving reusability across the enterprise and reducing the time, cost and effort involved in achieving claims compliance. Pegasystems' Claims Repair is pre-packaged business process management (BPM) software containing an extensible library of claim edits, HIPAA 837 claim message handling, and best practice pre-adjudication workflows. The solution automatically receives, enriches and prepares claims so they can be adjudicated by core payer systems thereby improving straight through processing, reducing claims inventories and saving operational expense. Claims Repair will help BCBS MN meet Blue Cross Blue Shield Association claims mandates that become effective this October. Aimed at increasing provider satisfaction, the BCBSA mandates remove provider claim-filing restraints by requiring accommodation of claim submissions with larger numbers of claim lines, more precise dollar amounts and more specific units of service. By deploying Claims Repair, BCBS MN expects to achieve compliance by the deadline plus also receive additional value through automating their pre-adjudication claim edits. "As a leading healthcare organization dedicated to customer service, we have taken a strategic approach to the use of technology across our operations," said Laurie Clark, vice president, Business Design & Enterprise Transactions at BCBS MN. "We have used Pegasystems technology to implement a Common Transaction Framework across multiple areas and now are expanding our relationship by deploying Claims Repair to further automate our claims processing."
Market Wrap for September 9th, 2008
Monday's rally was all-but-forgotten Tuesday afternoon, as turmoil in the financial sector paced a widespread decline. U.S. stocks finished at session lows, despite another drop in oil prices and indications OPEC is not going to cut back on production. Relief from the Treasury Department's weekend bailout of Fannie Mae and Freddie Mac faded by the opening bell, and the major averages finished the day sharply lower as financials were rattled over liquidity concerns for Lehman Brothers. The Dow finished the day down 280 points, or 2.4%, to 11,231, while the Nasdaq lost 60 points, or 2.6%, to 2,210. Lehman dragged on the S&P 500, which fell 43 points, or 3.4%, to 1,225. The firm's attempts to raise capital have been well-documented, but on Tuesday many investors appeared to believe that effort had come up empty, after reports said Korea Development Bank had ended discussions with Lehman. It remained unclear if negotiations were actually over, but confidence was low that a deal would get done, and that was before Standard & Poor's chimed in. The rating agency said Lehman's liquidity is sufficient in the near term, but expressed doubts in the firm's ability to raise additional capital in the future, leading it to put its ratings on negative watch. Lehman has been scrambling for an infusion of capital ahead of its third-quarter earnings release, scheduled for Sept. 18. Shares of the brokerage dove 45.5% Tuesday. Lehman's blues were infecting the broader financial sector, as the major banks and brokers all fell sharply. The iShares Dow Jones Broker Dealer Index Fund was down 7.8%, while the Financial Select Sector SPDR ETF was off 5.6%. Falling oil prices did little to soothe investors, even as crude slumped another $3.08 to settle at $103.26 a barrel. The drop came as concerns over Hurricane Ike's impact on Gulf Coast oil production waned, and it began to look as though OPEC will not cut production to defend the $100.00 level. The cartel was meeting in Vienna Tuesday. United States Oil Fund, an exchange-traded vehicle that invests in crude and other prices, was off 4.1%.
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