Edifecs Announces New License Agreement with First Data
BELLEVUE, WA — May 26, 2006: Edifecs, Inc., the leading provider of B2B solutions for transaction-based
interoperability, today announced it has entered into an agreement to license Edifecs SpecBuilder, XEngine,
Healthcare Transaction Repository (HTR) and Transaction Manager solutions to First Data Healthcare Services,
part of First Data Corp. (NYSE: FDC). First Data, a leader in the electronic commerce and payments industry,
will incorporate these Edifecs products into its healthcare processing system to enable real-time transaction
processing for provider and payer customers.
Edifecs SpecBuilder, XEngine, HTR and Transaction Manager are part of the Edifecs Healthcare Suite, which provides mission-critical solutions
for reducing friction in the transaction lifecycle for healthcare and healthcare-affiliated organizations.
“We are extremely gratified that First Data, a global leader in the transaction processing arena, has selected our products
to be an integral part of their healthcare services solution,” said Sunny Singh, CEO of Edifecs. “We strongly believe that First Data
will bring general industry best practices to healthcare, especially in the light of rapidly emerging Consumer Driven Healthcare markets.
We are very pleased to have been chosen by the First Data team.”
“Edifecs products will give us the flexibility and scalability to meet the needs of our customers,” said Beverly Kennedy,
President of First Data Healthcare Services. “The Edifecs Healthcare Suite is an important component of our strategy to provide
market-leading products and services that solve one of the toughest problems in healthcare — real-time payment for services.”
About Edifecs
Edifecs helps organizations achieve interoperability and dramatic return on investment by enabling,
managing and deriving business value from standard electronic transactions within trading partner communities.
Edifecs products include the Edifecs Healthcare Suite — a set of powerful applications and technologies that reduce friction
in the administrative, clinical, financial and pharmaceutical transaction workflows, both within and between healthcare enterprises.
The Suite includes business performance management applications that automate and manage the full lifecycle of transactions;
from community enablement, to testing and data validation, real-time transaction monitoring, claim repair and reconciliation,
facilitating direct connectivity and providing rich transaction analytics.
Edifecs also provides General Industry solutions for guideline authoring, data validation and partner enablement.
2006 marks 10 years of Edifecs’ leadership and expertise in providing innovative technology solutions to over
1600 customers worldwide. Edifecs has over 200 customers and partners in healthcare that include 16 Blue Plans,
35 Medicaid, State and Federal Agencies, along with partnership arrangements with all leading middleware stack vendors.
Founded in 1996, Edifecs is headquartered in Bellevue, WA. Company website:
www.edifecs.com.
Contact: Kevin Pierce 425-452-0622, kevinp@edifecs.com.
About First Data
First Data Healthcare Services offers a multi-purpose card that provides access to HSA, HRA, and FSA accounts and line of credit,
along with eligibility, benefit, and claims data, through a powerful point-of-care network. First Data Corp. (NYSE: FDC) is a leading provider
of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,600 card issuers
and millions of consumers, First Data 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 credit, debit,
private-label, gift and other prepaid card issuing and merchant transaction processing services; money transfer services; money orders;
fraud protection and authentication solutions; check guarantee and verification services through TeleCheck;
as well as Internet commerce and mobile solutions. Western Union, Vigo and Orlandi Valuta together make up one of the world’s largest money
transfer networks with approximately 274,000 Agent locations in more than 200 countries and territories. The company’s STAR Network offers
PIN-secured debit acceptance at 1.9 million ATM and retail locations. For more information, visit
www.firstdata.com.
Media contact: Donna Pennington, 402-222-6178,
donna.pennington@firstdatacorp.com
