Certegy Partners With Parsam Technologies to Enhance E-Banking Services
July 11 2005 - 9:01AM
PR Newswire (US)
Certegy Partners With Parsam Technologies to Enhance E-Banking
Services ST. PETERSBURG, Fla., July 11 /PRNewswire-FirstCall/ --
Certegy Inc. (NYSE:CEY), the nation's leading provider of
comprehensive credit card processing services to credit unions and
community banks, announced today that it has partnered with Parsam
Technologies, provider of the uMonitor financial services platform,
to broaden its suite of e-payment and e-banking services. Parsam's
uMonitor technologies automate financial service functions,
including several e-banking applications. The combined technologies
will enhance Certegy's e-payments and e-banking services by
increasing the functionality and capabilities available to
financial institutions and their end users. Through the new
relationship, Certegy will offer online bill presentment, new
account services and loan services to its clients through a
private-label arrangement using the Certegy brand. These new
features will allow consumers to pay bills directly through the
biller's website or have the bills presented online by their
financial institution. The platform will also allow end users to
open and fund new deposit accounts, as well as apply for loan
products, all in a single session. The system is flexible and
customizable to meet the unique needs of Certegy's financial
institution customers, while maintaining compliance with the
Patriot Act and other regulatory requirements. "We continuously
strive to generate additional value for our financial institution
customers by providing industry leading products and cost effective
technologies to help them remain competitive," said Robert Bream,
executive vice president and group executive of Certegy Card
Services - North America. "The uMonitor platform provides us with
additional product capability, and enhances the e-banking services
available to our financial institutions and their customers." About
Certegy Inc. Certegy Inc. (NYSE:CEY) provides credit and debit
processing, check risk management and check cashing services, and
merchant processing to over 6,500 financial institutions, 100,000
retailers and 100 million consumers worldwide. Headquartered in St.
Petersburg, Florida, Certegy maintains a strong global presence
with operations in the United States, United Kingdom, Ireland,
France, Chile, Brazil, Australia and 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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