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CheckFree Acquires American Payment Systems

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...

By Staff Writer | Updated on June 29, 2004

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.

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