2014

Certegy to Provide Check Cashing Services To Safeway Stores Nationwide New Offering Provides Convenient and Affordable

Check Cashing Services to Safeway Customers



    ALPHARETTA, Ga., April 17 /PRNewswire-FirstCall/ -- Certegy Inc.
 (NYSE:   CEY) today announced a multi-year agreement to provide check cashing
 services to Safeway Inc. (NYSE:   SWY), one of the largest food and drug
 retailers in North America.  The agreement will provide Safeway customers with
 a quick and convenient method to cash payroll checks in nearly 1,500 locations
 throughout the United States.  Once the consumer completes a simple
 authentication process, Certegy will warranty that a check presented by the
 consumer will be paid.  The service is expected to be fully implemented in
 stores nationwide by mid-summer 2003.
     "Check cashing is a natural extension of our core check risk management
 business, and we are extremely pleased to add Safeway to our growing list of
 check cashing partners," said Lee Kennedy, chairman, president and chief
 executive officer of Certegy.  "This service not only provides consumers with
 a safe, low-cost method of converting checks into cash-it also enhances sales
 for the retailer by building customer loyalty."
     "Customer convenience was the key driver in our decision to offer check
 cashing in our stores," stated Brian Dowling, Vice President Corporate Affairs
 of Safeway.  "Certegy's expertise in check risk management and check cashing,
 combined with their reputation for customer service, were the determining
 factors in our selection of a strategic partner," he added.
     Certegy first introduced payroll check cashing services in 1999 with its
 PayCheck Accept(R) product, which was specifically designed for use at
 supermarket courtesy counters.  Certegy has since expanded its product line to
 include in-lane and kiosk based services for supermarkets and convenience
 stores.  According to the Federal Reserve Bank of Cleveland, check-cashing
 outlets cash more than 150 million checks worth more than $60 billion on an
 annual basis.  Certegy's revolutionary approach to check cashing enables
 retailers to build loyalty with current customers and attract new shoppers
 into their stores by offering convenient, affordable financial services
 primarily to the "under" and "unbanked" population.
 
     About Certegy Inc.
     Certegy (NYSE:   CEY) provides credit and debit processing, check risk
 management, check cashing 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 .
 
     About Safeway Inc.
     Safeway Inc. is a Fortune 50 Company and one of the largest food and drug
 retailers in North America based on sales.  The company currently operates
 1,695 stores in the United States and Canada, and has approximately 172,000
 employees.  The company's common stock is traded on the New York Stock
 Exchange under the symbol SWY.
     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.
 
 

SOURCE Certegy Inc.

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