CheckFree and Fiserv, Inc., have signed a reseller agreement for Fiserv to resell CheckFree E-Bill to Fisservís nearly 7,000 clients, including banks, broker/dealers, credit unions, mortgage banks, and saving institutions.
CheckFree designs, develops, and markets services, such as E-Bill, that enable customers to make electronic payments and collections, automatic paper-based recurring financial transactions, and conduct secure Internet transactions. Pete Sinisgalli, CEO of CheckFree, noted that Fiserv and CheckFree have enjoyed a strong relationship over the past four years. "With this renewed agreement with Fiserv, CheckFree now has two of the financial industryís top three data processors as resellers of CheckFree E-Bill."
Since launching E-Bill in 1997, CheckFree has signed multi-year contracts with more than 40 of the nationís larger billers, including AT&T, BellSouth, Chase Credit Card, GTE, MCI WorldCom, and the Small Business Administration. Leslie M. Muma, Fiserv president and CEO said, "Electronic commerce certainly is the wave of the future for our clients."
Fiserv, Inc., is an independent provider of integrated data processing and information management systems. Fiserv can be found on the Web at http://www.fiserv.com.
CheckFree provides electronic commerce services and software products to consumers, businesses, and financial institutions. Checkfree can be found on the Web at http://www.checkfree.com.
Most People Donít Want Electronic Bill Pay
July 13, 1999 PSI Global released the results of a national survey. According to a press release, credit card issuers and other companies are eager to move from paper to electronic billing, but consumers are cold to the idea, according to the study.
In a survey covering 2,800 household, 63% of respondents said they felt it is more "reliable and secure" to send bill payments by mail than online, the market research firm reported. Even moreó74%ósaid they like the "privacy" of paying with paper checks, and 72% preferred the "convenience" of that method."
In spite of the study, PSI global projected that up to 15% of U.S. household will immediately adopt electronic bill payment when it becomes more widely available.
