|
 First Data Utilities announces
Peace Market Solution San Antonio, May 19, 2008 -- First
Data Utilities today announced the Peace Market Solution
application. Market Solution facilitates interaction
between the Peace CIS and transaction hubs in
competitive retail energy markets. Proven in the ERCOT
market in Texas and the NEMMCO market in Australia,
Market Solution is designed to meet the needs of retail
energy providers and distribution companies operating in
competitive markets.
Data
exchange and transaction management have become a
complex and expensive activity, particularly for
companies operating across multiple markets or in
markets with frequently changing transaction standards.
Each market or state operates with its own rules and
transaction protocols which must be met in order to
avoid penalty and provide reliable service in the
market. Companies face high costs to integrate and
automate interactions between a market, their CIS, and
other back-end systems. In addition to the high costs
associated, a lack of flexible workflow and automation
in market transaction and CIS systems results in high
error rates and the need for manual exception handling
processes.
Peace
Market Solution is a transaction processing framework
and rules engine that simplifies integration between
competitive markets and the Peace CIS. Market Solution
automates the sending and receiving of market
transactions and the workflows required to accurately
process any action transaction changes within the
CIS.
Within
Market Solutions, transactions are managed via standard
rules and workflows compliant with market rules. The
application also allows energy companies to configure
custom rules and workflows to support company specific
business processes.
Already
in production in two markets, Peace Market Solution
further builds on the strength of Peace CIS for
competitive markets.
About First Data Utilities
First Data
Utilities develops the award-winning Peace® utility
Customer Information System (CIS) software and provides
outsourced utility services. The top-rated Peace CIS
software is trusted by major regulated, competitive, and
network utilities in 37 markets worldwide. First Data
Utilities' latest release, PeaceX, is at the forefront
of utility software development with its adoption of
'Smart Screen' usability, Service Oriented Architecture,
and business process optimization. First Data has more
than 300 utility clients ranging from entrepreneurial
new entrant energy retailers to the largest dual-fuel
utilities with millions of customers and multiple market
operations. For more information, visit www.firstdatautilities.com.
About First Data First Data Corp. is the
global technology leader in information commerce. The
company processes transaction data of all kinds,
harnesses the power of that data, and delivers
innovations in secure infrastructure, intelligence and
insight for its customers. With operations in 37
countries, First Data serves over 5.4 million merchant
locations, 2,000 card issuers and their customers. It
powers the global economy by making it easy, fast and
secure for people and businesses around the world to buy
goods and services using virtually any form of payment.
The company's portfolio of services and solutions
includes merchant transaction processing services;
credit, debit, private-label, gift, payroll and other
prepaid card offerings; fraud protection and
authentication solutions; receivables management
solutions; electronic check acceptance services through
TeleCheck; as well as Internet commerce and mobile
payment solutions. The company's STAR Network offers
PIN-secured debit acceptance at 2.1 million ATM and
retail locations. Through First Data's four "centers of
excellence": security, analytics, customer loyalty and
mobile payments, we offer data-driven commerce solutions
for customers around the globe. For more information,
visit www.firstdata.com.
Contacts:
James Braatvedt First Data Utilities 303 803 8626 james.braatvedt@peace.com
###
|