CheckFree and Fiserv Sign Reseller Agreement for Electronic Billing and Payment
Largest Data Processor and Leading Electronic Billing and Payment Provider Renew Commitment to Offer Electronic Commerce Services to Fiserv Clients
ATLANTA, April 26 /PRNewswire/ -- CheckFree (Nasdaq: CKFR - news) and Fiserv, Inc. (Nasdaq: FISV - news) announced today that they have extended their existing partnership by signing a reseller agreement for CheckFree E-Bill(SM) electronic billing and payment services.
The agreement gives Fiserv the ability to resell CheckFree E-Bill to nearly 7,000 Fiserv clients, including banks, broker/dealers, credit unions, mortgage banks and saving institutions worldwide.
''Electronic commerce certainly is the wave of the future for our clients,'' said Leslie M. Muma, Fiserv president and chief executive officer. ''So we look forward to continuing our expanding relationship with CheckFree to bring the leading electronic billing and payment solution to our clients.''
Pete Sinisgalli, chief operating officer for CheckFree, noted that Fiserv and CheckFree have enjoyed a strong relationship over the past four years. ''We are very excited to have Fiserv as an authorized reseller of CheckFree's EBP services,'' said Sinisgalli. ''By adding Fiserv as a reseller, CheckFree continues to expand our distribution channels to provide the best electronic billing and payment solution to the financial services market. With this renewed agreement with Fiserv, CheckFree now has two of the financial industry's top three data processors as resellers of CheckFree E-Bill.''
Since launching CheckFree E-Bill -- the nation's first fully integrated, market-proven electronic billing and payment solution -- in 1997, CheckFree has signed multi-year contracts with more than 40 of the nation's larger billers, including: Ameren (Union Electric), American Electric Power, AT&T, Avista Utilities (Washington Water Power), BellSouth, Boston Edison, Chase Credit Card, Chase Mortgage, Columbia Gas of Ohio, Consumers' Energy, Countrywide Home Loans Inc., CUNA Mutual Group, Florida Power & Light, GPU Energy, GTE, HomeSide Lending, Illinois Power, International Billing Services (IBS), MCI WorldCom, Nevada Power, Northeast Utilities, Northern Illinois Gas (NICOR), Portland General Electric (PGE), Public Service Company of New Mexico, Small Business Administration, Southern California Edison, Southern Company and Total System Services Inc. (TSYS).
About Fiserv
Fiserv, Inc. is an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 7,000 financial service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com .
About CheckFree
Founded in 1981, CheckFree, the operating subsidiary of CheckFree Holdings Corp. (www.checkfree.com), is the leading provider of electronic commerce services, software and related products for more than 2.6 million consumers, 1,000 businesses and 850 financial institutions. CheckFree designs, develops and markets services that enable its customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure transactions on the Internet.
SOURCE: CheckFree Corporation
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