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.