CheckFree Guarantee Program is Launched to Help Partners Promote Customer Confidence in Online Bill Payment
ATLANTA, Sept. 7 /PRNewswire/ -- CheckFree (Nasdaq: CKFR) today launched the CheckFree Guarantee Program to help its financial services and billing partners promote customer confidence in online bill payment. The new "Transactions Guaranteed by CheckFree" symbol and accompanying statement is now available for use on financial service and biller Web sites that offer electronic billing and payment, backed by CheckFree.
(Photo: newscom.com )
CheckFree backs all partners and services with a comprehensive guarantee protecting against unauthorized transactions or processing delays. The two-part guarantee provides:
* Protection from Unauthorized Transactions
Consumer liability for unauthorized transactions is no more than $50,
much like major credit cards. The subscriber must simply provide
notification (in accordance with the Terms & Conditions) within two
business days of when they initially suspect fraud.
* On-time Payments
CheckFree will assume responsibility for any late payment-related
charges (up to $50 per transaction), should a payment that is scheduled
in accordance with the Terms & Conditions arrive late.
"Some of our partners have told us their customers do not realize just how secure and reliable electronic billing and payment is, and may have concerns about enrolling for that reason," said Matt Lewis, executive vice president of product management and marketing at CheckFree. "While all of our distribution partners are protected by the CheckFree Guarantee, we launched this formal program to enable partners to display a symbol and guarantee description on their sites to help consumers understand that their transactions are protected."
About CheckFree
Founded in 1981, CheckFree (www.checkfree.com ), the operating subsidiary of CheckFree Holdings Corp., is the leading provider of financial electronic commerce services, software and related products. CheckFree designs, develops and markets services that enable nearly three million consumers to receive and pay bills over the Internet or electronically through a variety of bill aggregation points, including banks, brokerage firms, portals and interactive content sites on the Internet, and personal financial management (PFM) software.
CheckFree's range of services and products are focused on enabling customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure Internet transactions. After more than a year of beta testing, CheckFree launched the nation's first fully integrated electronic billing and payment solution, CheckFree E-Bill, in March of 1997. Today, the Company has multi-year contracts with more than 60 of the nation's top billers to provide online billing and payment through the CheckFree distribution network.
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 Form 10-K for the year ended June 30, 1998, Form 10-Q for the quarter ended March 31, 1999, Form 8-K filed May 25, 1999 and the Company's Registration Statement on Form S-3 (No. 333-79695) filed June 1, 1999, as amended June 15, 1999. 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 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.
SOURCE CheckFree Corporation |
