CheckFree and Phillips 66 Announce Electronic Billing and Payment For Credit
Card Holders
ATLANTA, July 17 /PRNewswire/ -- CheckFree (Nasdaq: CKFR), the leading provider of
electronic billing and payment (EBP) services, and the Phillips 66 Company, a division of
Phillips Petroleum Company, announced today that Phillips 66 credit cardholders may now
access their statements and pay their accounts online. Phillips 66 and CheckFree worked
together to bring the convenience and control of electronic billing and payment to Phillips
cardholders.
Phillips 66 credit cardholders may enroll for this service for free at the Phillips 66 web site
(Creditcard.Phillips66.com/CS). Consumers can also enroll for electronic billing and
payment services at their choice of 150 CheckFree-sponsored Web sites including leading
banks, brokerages, credit unions, portals and personal financial management software. At these
sites, consumers can view and pay a growing number of their monthly statements from leading
national and regional billers in addition to Phillips. For a complete list of Web sites at which
CheckFree E-Bill(SM) can be used, visit CheckFree's Web site at www.checkfree.com .
With the CheckFree E-Bill(SM)service, Phillips 66 customers can simply click to approve their
bill for payment, dramatically reducing the time spent paying the bill each month. The amount of
the bill is then deducted electronically from the customer's designated bank account. Customers
who pay bills electronically through this service are protected from unauthorized transactions or
processing delays by the CheckFree Guarantee. Consumers can access payment status
information to track the payment process, from bill delivery and bill payment to the ultimate
posting of the payment.
"From the Phillips 66 Web site, consumers may apply for the Phillips 66 credit card online,
update account information and communicate with the Credit Card Center. The next logical
step is to save our customers time and provide convenience by offering online billing and
payment," said Donna Hastings, Manager, Credit Card Operations and Consumer Credit, at
Phillips 66. "With access to CheckFree's E-Bill service from so many leading distribution points
across the Internet, it was the clear choice."
"Leading billers like Phillips 66 are leveraging electronic billing and payment as an opportunity
to communicate with customers in ways that were not possible with paper bills," said Tom
Stampiglia, president CheckFree Software Division. "For CheckFree, Phillips 66 is a valuable
addition to the growing list of national bills consumers can view and pay each month from the
Web sites of their choice." About Phillips
Phillips Petroleum (www.phillips66.com ) is an integrated company engaged in oil and gas
exploration and production, refining, marketing and transportation, chemicals and plastics.
About CheckFree
CheckFree (www.checkfree.com ), is the leading provider of financial electronic commerce
services and products. Founded as an electronic payments processor in 1981, CheckFree
launched the first fully integrated electronic billing and payment solution, CheckFree E-Bill, in
March of 1997. Today, CheckFree services enable 3.3 million consumers to receive and pay
bills over the Internet or electronically. The Company has multi-year contracts with 121 of the
nation's top billers to provide online billing and payment through its network of partnerships
with more than 150 consumer service providers (CSPs), including banks, brokerage firms,
Internet portals and content sites, and personal financial management (PFM) software.
CheckFree's Investment Services division provides a range of investment management services
to help more than 255 institutions provide portfolio management and reporting services to their
clients. CheckFree clients manage over 820,000 portfolios totaling more than $480 billion in
assets. Software and services provided by CheckFree's Compliance and Financial Service
division are used to process more than two-thirds of the nation's six billion Automated Clearing
House (ACH) payments. In addition, nearly 400 banks and businesses use reconciliation
products and services the division provides.
Certain of CheckFree's statements in this press release are not purely historical, and as such are
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These include statements regarding management's intentions, plans, beliefs,
expectations or projections of the future. Forward-looking statements involve risks and
uncertainties, including without limitation, the various risks inherent in the Company's business,
and other risks and uncertainties detailed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission, including Form 10-K/A for the year ended
June 30, 1999 (filed July 10, 2000), Form 10-Q/A for the quarter ended March 31, 2000
(filed July 10, 2000), Form S-3 Registration Statement, as amended (filed January 14, 2000,
and amended on January 26 and April 10, 2000), and Form S-4 Registration Statement (filed
July 10, 2000). One or more of these factors have affected, and could in the future affect, the
Company's business and financial results in future periods, and could cause actual results to
differ materially from plans and projections. There can be no assurance that the
forward-looking statements made in this document will prove to be accurate, and issuance of
such forward-looking statements should not be regarded as a representation by the Company,
or any other person, that the objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on information presently
available to management, and the Company assumes no obligation to update any
forward-looking statements.
/CONTACT: media relations, Judy Morris, 678-375-1595, or jdmorris@checkfree.com , or
investor relations, Tina Moore, 678-375-1278, or tmoore@checkfree.com , both of
CheckFree Corporation/
Card Holders
ATLANTA, July 17 /PRNewswire/ -- CheckFree (Nasdaq: CKFR), the leading provider of
electronic billing and payment (EBP) services, and the Phillips 66 Company, a division of
Phillips Petroleum Company, announced today that Phillips 66 credit cardholders may now
access their statements and pay their accounts online. Phillips 66 and CheckFree worked
together to bring the convenience and control of electronic billing and payment to Phillips
cardholders.
Phillips 66 credit cardholders may enroll for this service for free at the Phillips 66 web site
(Creditcard.Phillips66.com/CS). Consumers can also enroll for electronic billing and
payment services at their choice of 150 CheckFree-sponsored Web sites including leading
banks, brokerages, credit unions, portals and personal financial management software. At these
sites, consumers can view and pay a growing number of their monthly statements from leading
national and regional billers in addition to Phillips. For a complete list of Web sites at which
CheckFree E-Bill(SM) can be used, visit CheckFree's Web site at www.checkfree.com .
With the CheckFree E-Bill(SM)service, Phillips 66 customers can simply click to approve their
bill for payment, dramatically reducing the time spent paying the bill each month. The amount of
the bill is then deducted electronically from the customer's designated bank account. Customers
who pay bills electronically through this service are protected from unauthorized transactions or
processing delays by the CheckFree Guarantee. Consumers can access payment status
information to track the payment process, from bill delivery and bill payment to the ultimate
posting of the payment.
"From the Phillips 66 Web site, consumers may apply for the Phillips 66 credit card online,
update account information and communicate with the Credit Card Center. The next logical
step is to save our customers time and provide convenience by offering online billing and
payment," said Donna Hastings, Manager, Credit Card Operations and Consumer Credit, at
Phillips 66. "With access to CheckFree's E-Bill service from so many leading distribution points
across the Internet, it was the clear choice."
"Leading billers like Phillips 66 are leveraging electronic billing and payment as an opportunity
to communicate with customers in ways that were not possible with paper bills," said Tom
Stampiglia, president CheckFree Software Division. "For CheckFree, Phillips 66 is a valuable
addition to the growing list of national bills consumers can view and pay each month from the
Web sites of their choice." About Phillips
Phillips Petroleum (www.phillips66.com ) is an integrated company engaged in oil and gas
exploration and production, refining, marketing and transportation, chemicals and plastics.
About CheckFree
CheckFree (www.checkfree.com ), is the leading provider of financial electronic commerce
services and products. Founded as an electronic payments processor in 1981, CheckFree
launched the first fully integrated electronic billing and payment solution, CheckFree E-Bill, in
March of 1997. Today, CheckFree services enable 3.3 million consumers to receive and pay
bills over the Internet or electronically. The Company has multi-year contracts with 121 of the
nation's top billers to provide online billing and payment through its network of partnerships
with more than 150 consumer service providers (CSPs), including banks, brokerage firms,
Internet portals and content sites, and personal financial management (PFM) software.
CheckFree's Investment Services division provides a range of investment management services
to help more than 255 institutions provide portfolio management and reporting services to their
clients. CheckFree clients manage over 820,000 portfolios totaling more than $480 billion in
assets. Software and services provided by CheckFree's Compliance and Financial Service
division are used to process more than two-thirds of the nation's six billion Automated Clearing
House (ACH) payments. In addition, nearly 400 banks and businesses use reconciliation
products and services the division provides.
Certain of CheckFree's statements in this press release are not purely historical, and as such are
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These include statements regarding management's intentions, plans, beliefs,
expectations or projections of the future. Forward-looking statements involve risks and
uncertainties, including without limitation, the various risks inherent in the Company's business,
and other risks and uncertainties detailed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission, including Form 10-K/A for the year ended
June 30, 1999 (filed July 10, 2000), Form 10-Q/A for the quarter ended March 31, 2000
(filed July 10, 2000), Form S-3 Registration Statement, as amended (filed January 14, 2000,
and amended on January 26 and April 10, 2000), and Form S-4 Registration Statement (filed
July 10, 2000). One or more of these factors have affected, and could in the future affect, the
Company's business and financial results in future periods, and could cause actual results to
differ materially from plans and projections. There can be no assurance that the
forward-looking statements made in this document will prove to be accurate, and issuance of
such forward-looking statements should not be regarded as a representation by the Company,
or any other person, that the objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on information presently
available to management, and the Company assumes no obligation to update any
forward-looking statements.
/CONTACT: media relations, Judy Morris, 678-375-1595, or jdmorris@checkfree.com , or
investor relations, Tina Moore, 678-375-1278, or tmoore@checkfree.com , both of
CheckFree Corporation/