Certegy (NYSE:CEY)
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From Nov 2019 to Nov 2024
Certegy To Provide Check Authorization and Collection Services To
Albertsons Stores Nationwide
ST. PETERSBURG, Fla., April 20 /PRNewswire-FirstCall/ -- Certegy Inc.
(NYSE:CEY) has been selected to provide its Pathways(R) point-of-sale check
verification and collection services to over 2,500 Albertsons food and drug
stores nationwide. The new service, which is scheduled to be fully implemented
in the second quarter, broadens Certegy's existing agreement to provide payroll
and government check cashing services in over 1,400 Albertsons' supermarket
locations.
Albertsons is one of the world's largest food and drug retailers with over
2,500 stores in the U.S., including the flagship Albertsons' supermarket
locations, Acme, Shaw's, Jewel-Osco, Savon Drugs and Osco Drug.
Certegy's end-to-end risk management solution allows retailers to approve more
transactions quickly and accurately, resulting in higher sales and increased
customer satisfaction. Certegy also lowers the overall cost of check
acceptance by reducing risk and streamlining back office operations.
"We are extremely pleased to expand our relationship with Albertsons," stated
Jeff Carbiener, executive vice president and group executive - Certegy Check
Services. "This new agreement strengthens our growing presence in the grocery
industry and demonstrates our ability to penetrate new vertical markets."
About Certegy Inc.
Certegy (NYSE:CEY) provides credit and debit processing, check risk management
and check cashing services, merchant processing and e-banking services to over
6,500 financial institutions, 117,000 retailers and 100 million consumers
worldwide. Headquartered in Alpharetta, Georgia, Certegy maintains a strong
global presence with operations in the United States, United Kingdom, Ireland,
France, Chile, Brazil, Australia, 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/