SEARS CREDIT TO PRESENT eBILLS THROUGH CHECKFREE
Oct. 18, 2000 (Credit Risk Management Report, Vol. 10, No. 19 via COMTEX) --
Hoffman Estates, Ill.-based Sears, Roebuck and Co. [S], the largest proprietary
credit card issuer in the U.S., and Atlanta-based CheckFree [CKFR], a provider
of electronic billing and payment software and services, have announced that
approximately 60 million Sears credit card customers will be able to view and
pay their Sears bills on-line through their choice of nearly 200
CheckFree-powered Web sites. According to CheckFree, the agreement between Sears
and CheckFree represents the largest business relationship to date between a
retailer and an electronic billing and payment provider. Credit card customers
can access bills online, view bill details and approve their bill payment using
CheckFree's fully integrated electronic billing and payment system. "With the
rapidly expanding capability of Sears online business and our relationship with
CheckFree, we will deliver world-class service to our customers where, when and
how they choose," says Kevin Keleghan, Sears Credit Services president.
(Scott Love, 781/684-6516.)
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Copyright Phillips Publishing, Inc.
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