ATLANTA – CheckFree Corporation has closed on its acquisition of American Payment Systems, Inc., representing a major new bill pay channel for the company. APS enables seven million households to pay for services in-person through a national network of about 10,000 retail and agent locations. The new bill payment channel extends CheckFree's reach in electronic billing and payment by reaching 70% of consumers in the top 75 metropolitan markets who pay their bills in person at retail location, according to CheckFree. CheckFree said the deal will add $1 million in revenue for the month of June alone.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.