FOR IMMEDIATE RELEASE
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.
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