ATLANTA and BASKING RIDGE, NJ — CheckFreePay, a business unit of CheckFree Corporation (Nasdaq: CKFR), and Verizon Wireless today announced that Verizon Wireless customers may now pay their bills and add minutes to prepay plans at more than 11,000 CheckFreePay walk-in locations across the country.
Verizon Wireless customers with both traditional and prepay service plans can now take advantage of the convenience of CheckFreePay's walk-in locations. Traditional wireless account holders can immediately pay their phone bills using cash at CheckFreePay sites, a new feature for these subscribers. CheckFreePay converts the cash payment to an electronic transaction that quickly and securely updates the customer's account in real time, providing consumers continued access to the nation's most reliable wireless network.
For Verizon Wireless prepay customers, adding minutes has never been easier. CheckFreePay gives users of Prepay, INpulse and EasyPay Plans, which require no long-term contract or deposit, the flexibility to pay for additional minutes in person. Minutes are instantly added to the account without the need for an account number, calling the IVR or using a PIN.
"Offering walk-in payments through CheckFreePay is another way that Verizon Wireless is enhancing our customers' wireless experience," said Paul D'Auria, Executive Director and Treasurer, Verizon Wireless. "CheckFreePay provides a real-time cash transaction, giving Verizon Wireless customers the ability to pay their bills right up to the due date, or replenish their wireless minutes while on the go. In addition, customers walk out with a receipt as proof of payment."
The CheckFreePay network is a convenient new option, in addition to how customers are able to pay and replenish minutes with Verizon Wireless directly. Direct options include walk-in kiosks located at Verizon Wireless stores, online at www.verizonwireless.com, the customer's handset (dial *611) or through an interactive voice response (IVR) system (call 1-800-922-0204).
"Verizon Wireless is helping customers manage their busy lifestyles by making it as simple and convenient as possible for customers to pay their bills or purchase minutes at CheckFreePay agent locations," said Steve LaBella, Vice President, Agent Business Unit Executive, CheckFreePay.
CheckFreePay powers consumer in-person payments at more than 11,000 agent sites located in check cashing, retail and grocery stores. According to Aite Group, an industry analyst firm, consumers make hundreds of millions of walk-in payments each year. Consumers pay utility, credit card, wireless and other bills in-person, often using cash.
By partnering with CheckFreePay, Verizon Wireless is expanding its relationship with CheckFree. More than 60 million customers already have the opportunity to receive and pay Verizon Wireless e-bills through the more than 2,000 leading financial institutions that offer CheckFree's electronic billing and payment services online.
For more information and to locate a CheckFreePay authorized payment location, please visit www.checkfreepay.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 60.7 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 66,000 employees nationwide. The company is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
About CheckFree (www.checkfreecorp.com)
Founded in 1981, CheckFree Corporation (Nasdaq: CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer the convenience of receiving and paying household bills online, via phone or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to hundreds of financial services organizations, which manage about $1.8 trillion in assets. CheckFree Software develops, markets and supports payment processing solutions that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States, and supports reconciliation, exception management, risk management, transaction process management, corporate actions processing, and compliance within thousands of organizations worldwide.
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 the Company's Annual Report on Form 10-K for the year ended June 30, 2006 (filed September 8, 2006), Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 2006), Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 2007), and Form 10-Q for the quarter ended March 31, 2007 (filed May 10, 2007). 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 press release 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.