The partnership was established in 2000 and has been successful in delivering the benefits of electronic billing and payment services to credit unions and their members.

Through this contract extension, CheckFree will continue to provide all the benefits of CheckFree Web, the company's leading electronic billing and payment platform, which PSCU Financial Services offers credit unions under the PayLynx brand. PayLynx offers faster payment processing, best-in-class user interface design based on consumer research, and access to CheckFree e-Bill, electronic bills from organizations that represent thousands of brands and the majority of billers common to U.S. households. PSCU Financial Services' provides PayLynx clients with dedicated marketing support teams and programs that increase adoption and use of the service. Subscribers are supported 24 x 7 by PSCU Financial Services "Center of Excellence" Contact Center.

PSCU Financial Services also utilizes CheckFree i-Series software in a hosted environment to give its clients the ability to send electronic credit card statements to online members. This further expands credit unions' online banking services which helps build member loyalty.

"Our long-term, strategic relationship with CheckFree has enabled us to provide our credit unions with industry leading electronic billing and payment functionality," said David Serlo, President of PSCU Financial Services. "The collaboration with CheckFree has facilitated our delivery of an online bill payment solution that further strengthens the loyalty that members have with their credit unions. We look forward to delivering continued innovation to our clients in partnership with CheckFree."

"PSCU Financial Services is one the fastest growing value added resellers for CheckFree. Our affiliation with PSCU Financial Services is integral to driving the adoption of electronic billing and payment services among credit unions - they are great partners and they excel at servicing this important market segment," said Matt Lewis, executive vice president and general manager of CheckFree's Electronic Commerce division. "With this multi-year extension, we look forward to continuing our work with PSCU Financial Services as an important partner in our strategy to bring the control and convenience of viewing and paying bills electronically to credit union members."