CKFR Checkfree Corp (MM)

Premier Insurance Company and CheckFree Bring Customers Electronic Billing and Payment Options -- Premier's Massachusetts Automobile Policy Holders Can Realize Increased Convenience, Financial Control and Time Savings with the New Service-- ATLANTA, Nov. 11 /PRNewswire-FirstCall/ -- CheckFree Corp. today announced that Premier Insurance Company of Massachusetts, a subsidiary of The Travelers Indemnity Company, is giving its 230,000 automotive insurance customers the option to receive and pay their bills online. Premier began offering its automobile policy holders online billing and payment via Premier's Web site ( http://www.premierins.com/ ). At this site, Premier customers can review and pay their auto insurance bills electronically, in addition to a growing number of other CheckFree e-Bills(TM) at more than 1,000 consumer service provider sites powered by CheckFree. These sites include leading bank, portals, credit unions, brokerage firms, personal financial management (PFM) software sites and MyCheckFree.com . By visiting any of these sites, Premier's customers will be able to view bills from Premier and other billers online and schedule payments using their checking or money market accounts. Consumers can make payments from their computers to anyone to whom they would write a check, such as individuals and small businesses. To find out what bills are available online and to help identify which site is best suited for electronic billing and payment needs, consumers can visit http://www.checkfree.com/ . Electronic billing and payment services provide Premier's customers with an easy, efficient way to gain more control over the payment of their monthly bills. Customers can quickly retrieve and review the same billing information they currently receive by mail. With a few clicks of the mouse, the customer can choose the payment date, rather than trying to remember when they need to mail the payment, to ensure arrival by the due date. As a result, Premier customers will no longer have to spend time writing checks, manually recording payments, stuffing envelopes and locating stamps to pay their insurance bills. Unlike paper payments, customers who pay their bills electronically are protected by the CheckFree Guarantee against late fees resulting from processing delays, as well as liability for unauthorized transactions. At a consumer service provider site, all payment information is stored on a single, secure online site for record keeping purposes, and data may be downloaded to a personal financial management software program. "With electronic billing and payment, our customers can receive their policy invoices more quickly, and will gain the flexibility to make payments faster and to automatically set up monthly payments through their accounts," said Desiree Darch, Internet Manager, The Premier Insurance Company of Massachusetts. "Additionally, Premier will be able to lower internal expenditures by decreasing paper output and postage costs." "By providing electronic billing and payment options to its automobile policy holders, Premier is demonstrating its dedication to customer satisfaction," said Doug Krapcho, senior vice president of CheckFree's Biller Solutions business unit. "Through the new payment options, Premier policy holders can view and pay their invoices at the online destination that is most convenient for them, as well as gain better control of their finances." About The Premier Insurance Company of Massachusetts The Premier Insurance Company of Massachusetts was established in 1993 by The Travelers Indemnity Company to provide personal lines insurance in Massachusetts. As a Travelers subsidiary, Premier belongs to a family of companies with tremendous financial strength. As a Massachusetts domestic insurer, Premier focuses specifically on the ever changing and challenging Massachusetts personal lines market. About CheckFree ( http://www.checkfreecorp.com/ ) CheckFree (NASDAQ:CKFR) is the leading provider of financial electronic commerce services and products. Founded in 1981 and celebrating its 23rd year in e-commerce, CheckFree is comprised of three divisions: Electronic Commerce, Software, and Investment Services. CheckFree launched the first fully integrated electronic billing and payment solution in 1997. In the quarter ended September 30, 2003, more than 11 million consumers initiated online payments through services offered by CheckFree's Electronic Commerce division. Electronic billing and payment is available through more than a thousand financial services organizations, including banks, brokerage firms, Internet portals and personal financial management (PFM) software. At these sites, consumers are able to electronically receive and pay about 300 bills, representing the bills most common to a U.S. household. CheckFree delivers nearly 15 million e-bills each quarter. CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division's clients manage more than 1.3 million portfolios totaling more than $700 billion in assets. CheckFree's Software division provides solutions through three operating units: CheckFree ACH Solutions, CheckFree Financial and Compliance Solutions (CFACS), and CheckFree i-Solutions. CheckFree ACH Solutions provides software and services that are used to process more than two-thirds of the nation's nine billion Automated Clearing House payments, while CFACS provides reconciliation and compliance software and services to more than 500 organizations in the banking, brokerage, utility, retail, insurance and credit card industries, among others. CheckFree i-Solutions is the leading provider of e-billing and e-statement software and services for both business-to- consumer and business-to-business applications, with more billers as clients than all of its competitors have combined. 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 Company's Form 10-K for the year ended June 30, 2003 (filed September 15, 2003) and Form 8-K (filed October 21, 2003). There can be no assurance that the forward-looking statements made in this document 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, Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation; or Desiree Darch of Premier Insurance Co. of Massachusetts, +1-508-751-4345, or Web site: http://www.checkfreecorp.com/ http://www.checkfree.com/ http://www.premierins.com/

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