CheckFree Updates its Web Site to Encourage a 'Check Free' Way of Life
ATLANTA, Oct. 4 /PRNewswire/ -- CheckFree (Nasdaq: CKFR - news), the leader in electronic billing and payment (EBP), announced today the launch of its redesigned Web site at www.checkfree.com . The enhanced site provides consumer education about EBP and the benefits of conducting financial transactions online to customers, the media, potential clients and shareholders.
The site provides single-click access to general information about CheckFree, participating billers, distribution and business partners, customer support, company news, investor relations and more. A new demonstration of CheckFree E-Bill(SM), the nation's first fully integrated electronic billing and payment solution is available. Visitors can also sign up to use the service via links to their financial service provider of choice, such as Yahoo!, Bank One, First Union and Charles Schwab.
CheckFree President and COO Pete Sinisgalli said, ''We listened to a number of audiences in developing this site. From a biller perspective, we incorporated suggestions to develop a Web site that is as innovative as the market space we are in. Our 'front end' distribution partners wanted consumers to be able to link to them to enroll, and our business partners wanted customers to know the services they provide around EBP. Above all, the site is where consumers can learn about the freedom of paying bills online, which benefits all of our constituents.''
Home page graphics and the message ''I am Check Free,'' reinforce the freedom, simplicity and convenience that receiving and paying bills online can provide. The ''freedom'' theme results from consumer research conducted by CheckFree that revealed key benefits of EBP perceived by household bill payers, as compared to traditional bill payment methods. More than 60 percent of respondents viewed EBP as a time saver versus writing checks and found EBP to be more convenient and easier than writing checks.
According to research published by Jupiter Communications, Americans write nearly 68 billion checks annually. Other findings confirm that Americans spend about two hours a month paying the more than 18 billion paper bills mailed each year.
A distinctive home page for each of CheckFree's divisions -- Electronic Commerce, Investment Services, Software, and Health and Fitness -- can be accessed directly, as well as through the corporate home page.
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.
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
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