12/07 08:58 CheckFree Web Billing and Payment v 3.0 Now Available <CKFR.O>
CheckFree Web Billing and Payment v 3.0 Now Available
Next-generation user interface speeds time to market for financial institutions and other consumer service providers offering the electronic
billing and payment services consumers want
ATLANTA, Dec. 7 /PRNewswire/ -- CheckFree BAI / RDS Booth : 800 -- CheckFree Corporation (Nasdaq: CKFR), the leader in electronic billing and payment, today announced its CheckFree Web Billing and Payment version 3.0 solution for financial institutions and other consumer service providers. The CheckFree Web Billing and Payment v 3.0 offering gives financial institutions a highly brandible user interface that ties into the CheckFree Genesis 2000 EBP engine, which supports the entire electronic billing and payment cycle - from delivery to viewing, to the ultimate payment of the bill as well as event tracking and customer care.
As the newest front-end for the CheckFree Genesis 2000 platform, the CheckFree Web Billing and Payment v 3.0 solution offers financial institutions enhanced scalability, increased speed to market for electronic billing and payment as well as access to the most advanced suite of electronic billing and payment services available. Developed with extensive usability testing and industry research, the new user interface is designed to enable a more consumer-friendly electronic billing and payment experience.
"The next generation of the CheckFree Web Billing and Payment solution extends the benefit of the end-to-end CheckFree Genesis 2000 payment engine to an increasing number of financial institutions, partners and other consumer service providers," said Pete Sinisgalli, CheckFree President and Chief Operating Officer. "By deploying this new user interface, our customers can leverage the most advanced electronic billing and payment services available and quickly access enhanced features as they become available."
With the CheckFree Web Billing and Payment product line, banks, brokerages and credit unions and third party partners can strengthen Internet banking relationships and provide the advanced electronic billing and payment features consumers want.
Consumer Benefits:
* Enhanced User Interface - As a result of usability testing and consumer
research, CheckFree designed its new electronic billing and payment
front end to offer an overall improved electronic billing and payment
experience including easier navigation. * Multiple Bank Accounts - Consumers can pay their electronic bills from
their choice of checking, savings or money market accounts.
* Co-subscriber - Each family can designate two authorized users to
access a single electronic billing and payment service.
* Online Event Tracking - End users can track the status of their online
payments from their banking or brokerage Web site.
* Integrated Web Self-Care - Consumers are able to quickly access billing
and payment history as well as answers to many of their frequently
asked questions at their banking Web site and online help. In addition,
integrated email capabilities allow consumers to conveniently contact customer service representatives with specific questions. CheckFree
customer care is also available 24 x 7 x 365 days a year.
* Pay Everyone - CheckFree offers "pay everyone", which enables consumers
to make payments from their computers today to anyone to whom they
would write a check. This includes all billers, even those who do not
present bills electronically, such as day care centers or lawn
maintenance providers. "Pay everyone" payments can also be sent to
individuals, such as children in college.
For CheckFree Web Billing and Payment clients, and business partner clients, benefits include:
CheckFree Client Benefits:
* Customizable Front End - Along with increasing the benefits of
electronic billing and payment to online banking customers,
customizable front-end capabilities allow banks and brokerages to tie
the product into their overall look and feel to present a seamless
online banking experience.
* Bill Delivery - Customers will be able to electronically select bills
from 77 billers currently under contract with CheckFree. All CheckFree
distribution sites can present electronic bills from leading telecommunications, mortgage, utility, cable and cellular companies
that are offering CheckFree E-Bill(SM): CheckFree pioneered electronic
bills in 1997, and is currently implementing leading billers on
CheckFree E-bill version 3, the first solution to offer a number of
dynamic billing features billers that paper bills cannot provide. A
growing list of live billers is available at www.checkfree.com.
* Consolidated Log-On - A secure mechanism for the financial institution
to pass customers to Web Billing and Payment without additional
authentication steps for the user.
* CheckFree Guarantee - CheckFree clients can display the CheckFree
Guarantee symbol to minimize consumer concern about fraud or late fees.
The CheckFree Guarantee was developed to educate consumers about the
terms and conditions that include limited liability, making electronic
billing and payment through CheckFree as safe or safer than using
credit cards or mailing paper checks.
* Pay Everyone - CheckFree clients can offer "pay everyone" to consumers,
which means end users can make payments from their computers today to
anyone to whom they would write a check. This includes all billers,
even those who do not present bills electronically, such as day care
centers or lawn maintenance providers. Consumers can also send
payments to individuals.
About CheckFree
CheckFree Corporation (www.checkfree.com ), is the leading provider of financial electronic commerce services and products. Founded as an electronic payments processor in 1981, CheckFree launched the first fully integrated electronic billing and payment solution, CheckFree E-Bill, in March of 1997. Today, CheckFree services enable three million* consumers to receive and pay bills over the Internet or electronically. The Company has multi-year contracts with 77 of the nation's top billers to provide online billing and payment through its network of partnerships with consumer service providers (CSPs), including banks, brokerage firms, Internet portals and content sites, and personal financial management (PFM) software. CheckFree's Investment Services division provides a range of investment management services to help more than 255 institutions provide portfolio management and reporting services to their clients. CheckFree clients manage over 760,000 portfolios totaling more than $400 billion in assets. Software and services provided by CheckFree's Compliance and Financial Service division are used to process more than two-thirds of the nation's six billion Automated Clearing House (ACH) payments. In addition, nearly 400 banks and businesses use reconciliation products and services the division provides.
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
-0- 12/07/1999 /CONTACT: Judy Morris, 678-375-1595, jdmorris@checkfree.com , or Tina |
