HOFFMAN ESTATES, Ill., May 23, 2012 /PRNewswire/ -- Kmart is helping customers better manage their money through the introduction of its low-cost, in-store bill pay program. Kmart is offering these capabilities through the CheckFreePay® walk-in bill payment service from Fiserv (NASDAQ:FISV). Customers seeking an easy and convenient way to pay bills in person can now visit any Kmart store nationwide to pay bills from more than 3,000 companies—everything from electric, gas and cable bills to credit card statements and auto loans.
"We are continuously seeking convenient ways to help customers manage their personal finances. The debut of Kmart's in-store bill pay program does just that - it gives our customers access to a fast and convenient way to pay bills and manage their finances," said Keith Brand, DVP Alternative Financial Services for Kmart. "By providing services like this, we hope to make shopping at Kmart a more satisfying experience."
Through Kmart's new bill pay program, customers are able to pay thousands of bills for $1.50 or less per transaction with cash or a PIN-based debit card at any Kmart store nationwide. Customers simply bring their bill stub and payment to any Kmart customer service desk, and the payment will be sent to the biller by the next day, if processed before 7 p.m. EST.
"By choosing CheckFreePay from Fiserv, Kmart is giving its customers access to a trusted service that will enable efficient electronic delivery of their payments," said Sean Dingwall, vice president, CheckFreePay, Fiserv. "There are many consumers who prefer to pay their bills in person and receive a receipt to document the transaction; the expansion of the CheckFreePay service to Kmart stores nationwide will provide a secure, convenient bill payment option to Kmart customers."
Kmart is an authorized agent of CheckFreePay Corporation. CheckFreePay Corporation is licensed as a money transmitter by the New York State Department of Financial Services.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry. Fiserv is driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For six of the past eight years, Fiserv ranked No. 1 on the FinTech 100, an annual international listing of the top technology providers to the financial services industry. For more information, visit www.fiserv.com.
Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands that includes Jaclyn Smith, Joe Boxer, Country Living, Route 66 and Smart Sense. For more information visit the company's website at www.kmart.com or the Sears Holdings Corporation website at www.searsholdings.com.
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