Alpharetta, GA, July 15, 2003 – Certegy Inc. (NYSE: CEY) a leading global provider of payment services to retailers and financial institutions, today announced the signing of Shop At Home Network. Certegy Check Services will provide fully integrated ACH/electronic check warranty services for Shop At Home’s Internet and Telephone Order operations. Shop At Home currently reaches over 73 million unique households through its 400 affiliated television and cable systems, direct broadcast satellite systems including DIRECTV (Channel 234), and its owned and operated stations.
"Our decision to convert to Certegy’s PayNet platform for our call center and Internet operations was based on their leading market position and state of the art risk management platform,” said Dawn Woods, vice president and treasurer, Shop At Home Network. "In the electronic retailing world, having a state-of-the-art ACH payment option helps maximize sales by making the purchase transaction easier for customers who prefer checks to credit cards,” said Ms. Woods. "By converting to Certegy’s PayNet solution, we anticipate higher approval rates resulting in more sales, improved customer service and an overall reduction in our payment expense,” concluded Ms.Woods.
"Certegy’s PayNet platform provides merchants with a customized ACH/electronic check solution to process consumer-not-present purchases," said Jeff Carbiener, senior vice president and group executive, Certegy Check Services. "Our proven risk management system, which links e-commerce merchants and catalog call centers with our traditional brick and mortar merchants, enables businesses in the electronic retailing space to offer a low cost payment alternative to non-cardholder customers and shoppers who prefer to pay by check. We provide retailers with the utmost flexibility and a seamless system integration for ACH/electronic check processing, which helps them increase sales, curtail fraud, reduce net check expense and ultimately improve their bottom line," concluded Carbiener.
Retailers can obtain additional information about Certegy’s PayNet line of products by calling (800) 633-9454 or e-mailing product.info@certegy.com.
About Shop At Home Network
Shop At Home Network, a 17-year-old nationally televised home shopping service, sells merchandise through interactive electronic media, including broadcast, cable, and satellite television; and over the Internet at www.shopathometv.com. Shop At Home produces programming in digital format at its facilities in Nashville. The programming is transmitted by satellite to cable television systems, direct broadcast satellite systems, and television broadcasting stations across the country. Shop At Home currently reaches approximately 47 million full-time households through its nearly 500 affiliated television, cable and direct broadcast satellite systems, including DIRECTV (Channel 234), and DISH Network (Channel 224). Shop At Home is 70% owned by The E.W. Scripps Company (NYSE: SSP), a diversified media concern, which also has interests in newspaper publishing, broadcast television, national television networks and interactive media. In addition to Shop At Home, Scripps operates 21 daily newspapers, 10 broadcast TV stations and four cable and satellite television programming services. All of the Company’s media businesses provide content and advertising services via the Internet. Scripps Networks brands include Home & Garden Television, Food Network, DIY -- Do It Yourself Network and Fine Living. Scripps also operates Scripps Howard News Service and United Media, which is the worldwide licensing and syndication home of PEANUTS and DILBERT.
About Certegy Inc.
Certegy (NYSE:CEY) provides credit and debit processing, check risk management and check cashing services, and merchant processing to over 6,000 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 and New Zealand. 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 2002. For more information on Certegy, please visit www.certegy.com.
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. The factors that could, either individually or in the aggregate, affect our performance include the following, which are described in greater detail in the section entitled "Certain Factors Affecting Forward-Looking Statements" in our 2002 Annual Report on Form 10-K filed with the SEC: Our ability to maintain or improve our competitive positions against current and potential competitors; the level of economic growth or other factors affecting demand for our products and services; loss of key customer contracts or strategic relationships; changes in regulation or industry standards applicable to our businesses or those of our customers; risks associated with investments and operations in foreign countries, including exchange rate fluctuations and local political, social, and economic factors, and those other risks listed in the above-referenced section of our Form 10-K.
Contact:
Mary Waggoner
Certegy Inc.
VP - Investor and Public Relations
678-867-8004
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