SunTrust Signs Multi-Year Renewal With CheckFree

CheckFree Corporation (Nasdaq: CKFR), and SunTrust Banks, Inc. (NYSE: STI), today announced a multi-year contract extension.

Under the terms of the agreement, Atlanta-based SunTrust will continue to offer CheckFree Web(SM), the industry’s leading electronic billing and payment service, to its retail and small business clients.

CheckFree also will collaborate with SunTrust to help continue educating consumers and small business clients on the many benefits of electronic billing and payment services, from time savings to the prevention of identity theft and fraud, as part of the bank’s overall client experience initiative.

"SunTrust recently launched an entirely new Web site for its online banking clients, one that is full of helpful information about online banking, how to pay bills online, tips for protecting against fraud and many other important facts," said Maureen Brady, SVP, Director of eBusiness for SunTrust. "Continuing our technology relationship with CheckFree confirms the premium we place on providing clients with the most advanced electronic billing and payment technologies available on the market today."