Certegy To Provide Check Authorization and Collection Services To Albertsons Stores Nationwide
21 April 2005 - 8:25AM
PR Newswire (US)
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/
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