Certegy (NYSE:CEY)
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Certegy Partners With Parsam Technologies to Enhance E-Banking
Services
ST. PETERSBURG, Fla., July 11 /PRNewswire-FirstCall/ -- Certegy Inc.
(NYSE:CEY), the nation's leading provider of comprehensive credit card
processing services to credit unions and community banks, announced today that
it has partnered with Parsam Technologies, provider of the uMonitor financial
services platform, to broaden its suite of e-payment and e-banking services.
Parsam's uMonitor technologies automate financial service functions, including
several e-banking applications.
The combined technologies will enhance Certegy's e-payments and e-banking
services by increasing the functionality and capabilities available to
financial institutions and their end users. Through the new relationship,
Certegy will offer online bill presentment, new account services and loan
services to its clients through a private-label arrangement using the Certegy
brand. These new features will allow consumers to pay bills directly through
the biller's website or have the bills presented online by their financial
institution. The platform will also allow end users to open and fund new
deposit accounts, as well as apply for loan products, all in a single session.
The system is flexible and customizable to meet the unique needs of Certegy's
financial institution customers, while maintaining compliance with the Patriot
Act and other regulatory requirements.
"We continuously strive to generate additional value for our financial
institution customers by providing industry leading products and cost effective
technologies to help them remain competitive," said Robert Bream, executive
vice president and group executive of Certegy Card Services - North America.
"The uMonitor platform provides us with additional product capability, and
enhances the e-banking services available to our financial institutions and
their customers."
About Certegy Inc.
Certegy Inc. (NYSE:CEY) provides credit and debit processing, check risk
management and check cashing services, and merchant processing to over 6,500
financial institutions, 100,000 retailers and 100 million consumers worldwide.
Headquartered in St. Petersburg, Florida, Certegy maintains a strong global
presence with operations in the United States, United Kingdom, Ireland, France,
Chile, Brazil, Australia and New Zealand, Thailand and the Caribbean. As a
leading payment services provider, Certegy offers a comprehensive range of
transaction processing services, check risk management solutions and integrated
customer support programs that facilitate the exchange of business and consumer
payments. Certegy generated over $1.0 billion in revenue in 2004. For more
information on Certegy, please visit http://www.certegy.com/.
Forward-Looking Statement
The statements in this release include forward-looking statements that are
based on current expectations, assumptions, estimates, and projections about
Certegy and our industry. They are not guarantees of future performance and
are subject to risks and uncertainties, many of which are outside of Certegy's
control, that may cause actual results to differ significantly from what is
expressed in those statements. Factors that could, either individually or in
the aggregate, affect our performance are described in detail in the section
entitled "Certain Factors Affecting Forward-Looking Statements" in our 2004
Annual Report on Form 10-K filed on March 11, 2005, with the SEC.
DATASOURCE: Certegy Inc.
CONTACT: Mary Waggoner, SVP - Investor Relations of Certegy Inc.,
+1-678-867-8004
Web site: http://www.certegy.com/