Certegy To Provide Check Authorization and Collection Services To Albertsons Stores Nationwide

ST. PETERSBURG, FL – Certegy Inc. (NYSE: CEY) has been selected to provide its Pathways® point-of-sale check verification and collection services to over 2,500 Albertsons food and drug stores nationwide. The new service, which is scheduled to be fully implemented in the second quarter, broadens Certegy’s existing agreement to provide payroll and government check cashing services in over 1,400 Albertsons’ supermarket locations.

Albertsons is one of the world’s largest food and drug retailers with over 2,500 stores in the U.S., including the flagship Albertsons’ supermarket locations, Acme, Shaw’s, Jewel-Osco, Savon Drugs and Osco Drug.

Certegy’s end-to-end risk management solution allows retailers to approve more transactions quickly and accurately, resulting in higher sales and increased customer satisfaction. Certegy also lowers the overall cost of check acceptance by reducing risk and streamlining back office operations.

“We are extremely pleased to expand our relationship with Albertsons,” stated Jeff Carbiener, executive vice president and group executive – Certegy Check Services. “This new agreement strengthens our growing presence in the grocery industry and demonstrates our ability to penetrate new vertical markets.”