BB&T Selects CheckFree to Provide Electronic Bill Payment Services
29 Janeiro 2007 - 2:38PM
PR Newswire (US)
Multi-year agreement emphasizes the time-saving benefits,
reliability and security of paying bills online WINSTON SALEM, N.C.
and ATLANTA, Jan. 29 /PRNewswire-FirstCall/ -- CheckFree
Corporation (NASDAQ:CKFR), and Winston Salem, N.C.-based BB&T
Corporation (NYSE:BBT) today announced that BB&T has signed a
multi-year contract for CheckFree electronic bill payment services.
"Our partnership with CheckFree affirms BB&T's strong
commitment to providing high-quality electronic bill payment
services to our retail and small business clients," said Bennett
Bradley, executive vice president and head of BB&T's Payment
Services Division. Under the terms of agreement, CheckFree will
serve as BB&T's primary electronic bill payment processing
provider. "We look forward to working with CheckFree to expand our
clients' awareness of the many advantages of paying bills online,
including improved financial management, time savings, reliability,
payment security, control and convenience," said Scott Qualls,
senior vice president of BB&T's Deposit Access Products Group.
BB&T has provided secure electronic bill payment services since
1998. Available at http://www.bbt.com/, BB&T's service enables
retail and small business clients to pay anyone securely and
safely, while providing an on-time delivery guarantee. "CheckFree
is committed to providing a highly integrated and secure payment
experience that helps BB&T meet its customer acquisition and
retention goals, while maintaining its position as one of the
nation's leading banks," said Jeff Weikert, senior vice president
of the Consumer Service Provider Business Unit in CheckFree's
Electronic Commerce Division. "BB&T has a long and rich
tradition of excellence in community banking, and we are pleased to
support its online bill payment and consumer education
initiatives." CheckFree provides innovative electronic billing and
payment technologies that enable financial services organizations
to achieve their acquisition, retention and optimization goals
through secure online channels. CheckFree solutions include online
integrated personal finance management; online account opening,
funding and transfer; electronic billing and payment for consumers;
electronic invoice presentment, payment and receivables solutions
for small business banking customers; mobile payment solutions;
flexible Web services technology for electronic billing and
payment; and payment fraud detection and prevention. About BB&T
(http://www.bbt.com/) BB&T Corporation, headquartered in
Winston-Salem, N.C., is a fast-growing, highly profitable financial
holding company. Its bank subsidiaries operate more than 1,450
financial centers in the Carolinas, Virginia, West Virginia,
Kentucky, Georgia, Maryland, Tennessee, Florida, Alabama, Indiana
and Washington, D.C. BB&T ranks No. 2 in market share in North
Carolina; No. 2 in Virginia/Washington, D.C.; No. 3 in South
Carolina; No. 1 in West Virginia; No. 4 in Georgia; No. 5 in
Maryland; and No. 4 in Kentucky. With $121.4 billion in assets,
BB&T Corp. is the nation's 11th largest financial holding
company. 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 the
convenience of receiving and paying household bills online, via
phone or in person through retail outlets. CheckFree Investment
Services provides a broad range of investment management solutions
and outsourced services to hundreds of financial services
organizations, which manage about $1.5 trillion in assets.
CheckFree Software develops, markets and supports payment
processing solutions that are used by financial institutions to
process more than two-thirds of the 14 billion Automated Clearing
House transactions in the United States, and supports
reconciliation, exception management, risk management, transaction
process management, corporate actions processing, and compliance
within thousands of organizations worldwide. 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) and Form
10-Q for the quarter ended September 30, 2006 (filed November 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/
http://www.bbt.com/
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