Certegy Announces Memorandum Of Understanding For Card And Loan Processing Services

Certegy Inc. (NYSE:CEY), a leading global payment services company, today announces the signing of a Memorandum of Understanding ("MOU") with Lafayette Services, S.A., ("LASER"), a leading European provider for card, credit, and loyalty programs for retail and end consumers. The MOU contains the basic terms upon which Certegy intends to provide a wide range of card and loan processing services to LASER subsidiaries throughout Europe.

LASER, a subsidiary of the Galeries Lafayette Group, specializes in providing retailers with a comprehensive range of portfolio management and development services, and credit and loyalty enhancement solutions designed to generate value and maximize customer relationships. The transactions contemplated by the MOU are subject to Certegy and LASER agreeing on definitive terms in final documentation.

Under the terms of the MOU, Certegy intends to provide private label, bankcard, chip card, and consumer loan processing and support services to LASER subsidiaries located in five countries throughout Europe, including:

• Creation Financial Services and Sygma Bank (United Kingdom)
• PrimeLine Services B.V. (Netherlands)
• Credifin (Portugal)
• Banco Sygma Hispana (Spain)
• Fidexis (Belgium)

Certegy currently provides transaction processing, consumer call center and back office support services for approximately four million private label cards, bankcards and loans for Creation Financial Services. The final agreement should expand this relationship to include over two million additional card and loan accounts for IT processing for the other four subsidiaries. Certegy will process LASER's card and loan accounts on its proprietary industry leading BASE2000™ platform. BASE2000 was the industry's first third-party processing platform designed to support multinational card issuers. The company expects to reach a definitive agreement in the near future.

"We are delighted to expand our relationship with LASER, and look forward to a long and successful partnership with one of Europe's leading companies," stated Lee Kennedy, chairman and chief executive officer of Certegy.

"Certegy has been an excellent business partner for the past six years. The desire to expand our existing relationship is based on the flexibility and sophistication of the BASE2000 processing platform, Certegy's experience in managing global client systems, and their ability to support rapid growth while significantly reducing our operating costs," stated LASER's Jean Darrieu, managing director, international.

About Certegy Inc.
Certegy (NYSE:CEY) provides credit and debit processing, check risk management and check cashing services, merchant processing and e-banking services to over 6,500 financial institutions, 117,000 retailers and 100 million consumers worldwide. Headquartered in Alpharetta, Georgia, Certegy maintains a strong global presence with operations in the United States, United Kingdom, Ireland, France, Chile, Brazil, Australia, New Zealand, Thailand and the Caribbean. As a leading payment services provider, Certegy offers a comprehensive range of transaction processing services, check risk management solutions and integrated customer support programs that facilitate the exchange of business and consumer payments. Certegy generated over $1.0 billion in revenue in 2003. For more information on Certegy, please visit www.certegy.com.