CheckFreePay Announces CheckFreePay Link to Enable Retail Stores to Offer In-Person Bill Payment Using Existing Equipment
09 Outubro 2006 - 11:30AM
PR Newswire (US)
- National retailers can now offer a walk-in bill payment service,
even at the check-out line - ATLANTA and LAS VEGAS, Oct. 9
/PRNewswire-FirstCall/ -- NACShow 2006 Booth #7706 --
CheckFreePay(TM), a business unit of CheckFree Corporation
(NASDAQ:CKFR), today announced CheckFreePay Link(TM), a new service
that will allow retailers with multiple locations to offer
customers the ability to pay bills from leading companies in
person. CheckFreePay Link is tailored to meet the needs of large
retailers that want to offer consumers the convenience, security
and speed of making one or more walk-in bill payments. The service
securely transmits payment information to the billing company,
allowing retailers to accept payments at their existing
Point-of-Sale terminals. Retailers benefit from simplified
end-of-day reconciliation and eliminate the need to train
specialized personnel. Billers benefit from revenue collection in
electronic format that is easy to post the same day or next day.
"Until today, retailers with multiple locations were unable to
offer a walk-in bill payment service to their customers without
installing proprietary hardware and software at each store
location," said Steve LaBella, CheckFreePay Business Unit
Executive. "CheckFreePay Link leverages web services technology to
transmit encrypted payment information, eliminating the need for
stand-alone bill-payment terminals and facilitating employee
training. In addition, a built-in solution such as CheckFreePay
Link allows retailers with numerous locations to reconcile payment
data more easily than if they were using a stand-alone solution."
Offering a walk-in payment service allows retailers to transform a
consumer's store visit into a more valuable experience for both the
retailer and customer by attracting more frequent visits and
creating new shopping and buying opportunities. With CheckFreePay
Link, retailers can select the Point- of-Sale terminals within
their store where walk-in bill payments are accepted, allowing them
to direct customer traffic to chosen locations. Payment
transactions can occur at customer service desks as well as
check-out counters or self-service kiosks, providing customers with
a more convenient experience. When a customer makes a payment, the
transaction flows seamlessly from the retailer to billers via
CheckFree's secure network. Retailers collect a fee for each
payment, typically ranging from $1.00 to $2.00. Retailers can
easily reconcile this fee income because the CheckFreePay Link
service is integrated into their existing systems. CheckFreePay
enables consumers to walk in to a retail location and pay more than
800 types of bills, including all MasterCard and Visa credit cards.
Consumers can also pay bills from the majority of phone, electric
and gas companies, including Verizon Wireless, Boost Mobile and
SCANA Energy. Additionally, more than 100 of these payment
connections post the same day or next day, ensuring bills are paid
quickly and on time. Today, CheckFreePay is the market leader in
the walk-in payment industry as it powers consumer in-person
payments at more than 11,000 agent sites located in check cashing,
retail and grocery stores. Americans on-the-go make millions of
walk-in payments each year, paying utility, credit card and
wireless bills in-person, often using cash. CheckFreePay converts
payments made at walk-in agent locations to secure electronic
transactions, and customers receive a receipt to verify payment. In
addition to the walk-in bill payment services offered through
CheckFreePay, CheckFree provides companies with industry leading
bill payment functionality online and by phone. CheckFree's
electronic bill presentment and payment solutions allow billing
companies to deliver more convenience and value to their customers
to build loyalty and improve retention. About CheckFree
(http://www.checkfreecorp.com/) Founded in 1981, CheckFree
Corporation (NASDAQ:CKFR) provides financial electronic commerce
services and products to organizations around the world. CheckFree
Electronic Commerce solutions enable thousands of financial
services providers and billers to offer their customers the
convenience of receiving and paying their household bills online or
in person through retail outlets. CheckFree Investment Services
provides a broad range of investment management solutions and
outsourced services to thousands of financial services
organizations, which manage about $1.4 trillion in assets.
CheckFree Software develops, markets and supports software
applications that are used by financial institutions to process
more than two-thirds of the 14 billion Automated Clearing House
transactions in the United States. The division also provides
operational risk management, financial messaging, corporate
actions, and regulatory compliance software to more than 1,500
organizations across the globe. Certain of the Company's statements
in this press release are not purely historical, and as such are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These include statements
regarding management's intentions, plans, beliefs, expectations or
projections of the future. Forward-looking statements involve risks
and uncertainties, including without limitation, the various risks
inherent in the Company's business, and other risks and
uncertainties detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended June 30, 2006 (filed September 8, 2006). One or more of these
factors have affected, and could in the future affect the Company's
business and financial results in future periods, and could cause
actual results to differ materially from plans and projections.
There can be no assurance that the forward-looking statements made
in this press release will prove to be accurate, and issuance of
such forward-looking statements should not be regarded as a
representation by the Company, or any other person, that the
objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on
information presently available to management, and the Company
assumes no obligation to update any forward-looking statements.
DATASOURCE: CheckFree Corporation CONTACT: Media relations, Judy
DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina
Moore, +1-678-375-1278, or , both of CheckFree Corporation Web
site: http://www.checkfreecorp.com/
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