RealTime IT News

Chase Manhattan Renews Deal With CheckFree

CheckFree Corp. said that one of its largest customers, Chase Manhattan Bank, signed a multi-year non-exclusive extension to its contract for electronic payment services.

CheckFree (CKFR) will handle remittance processing for Chase's electronic bill payment offering. Financial details were not disclosed.

"Chase is committed to bringing the benefits of electronic billing and payment to its customers as part of its online financial services strategy," said Bruce Zimmerman, Chase National Consumer Services senior vice president.

"The potential for communication with consumers in new ways increases as they return to Chase.com to pay bills electronically. At the same time, our customers experience convenience, time savings and greater control over all of their financial activities "

CheckFree has multi-year contracts with 89 billers to provide online billing and payment through its network of partnerships with more than 100 consumer service providers (CSPs), including banks, brokerage firms, Internet portals and content sites, and personal financial management (PFM) software.