Certegy Wins Contract for Pep Boys Check Warranty Business

ALPHARETTA, Ga., Feb. 10 -- Certegy Inc. today announced a multi-year agreement to provide check warranty and collection services to The Pep Boys -- Manny, Moe & Jack , the nation's leading automotive after-market retail and service chain. Roll-out of Certegy's services to all 629 stores was completed in early February.

"Pep Boys was seeking a flexible check risk management solution that could be customized to fit our specific needs, and at the same time improve the overall shopping experience for our customers. We were impressed by Certegy's responsiveness to our requirements," said Pep Boys' vice president of finance, chief accounting officer & treasurer, Bernie McElroy. "After an extensive test period, which resulted in increased approval rates and lower net check expense, Certegy was the obvious choice for Pep Boys," McElroy added. "We are delighted with Pep Boys' decision to partner with Certegy," said Jeff Carbiener, senior vice president and group executive, Certegy Check Services. "We worked closely with them to create a customized solution that would address both their short-term and long-term point-of-sale strategy. Our best- in-class platform, which combines the most advanced artificial intelligence modeling with the most accurate data sources, enabled Pep Boys to approve more transactions and reduce their overall handling costs."

Certegy is the world's leading provider of check risk management solutions serving over 329,000 retail outlets in North America, Europe and Asia Pacific.

About Pep Boys

Pep Boys operates 629 stores and over 6,500 service bays in 36 states and Puerto Rico. Along with its "do-it-yourself" and vehicle repair and maintenance capabilities, the company also services the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP BOYS or by visiting pepboys.com .

About Certegy Inc.

Certegy provides credit and debit processing, check risk management and check cashing services, and merchant processing to over 6,000 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, Canada, United Kingdom, Ireland, France, Chile, Brazil, Australia and New Zealand. 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 $1.0 billion in revenue in 2002. For more information on Certegy, please visit www.certegy.com .

The statements in this release include forward-looking statements that are based on current expectations, assumptions, estimates, and projections about Certegy and our industry. They are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of Certegy's control, that may cause actual results to differ significantly from what is expressed in those statements. The factors that could, either individually or in the aggregate, affect our performance include the following, which are described in greater detail in the section entitled "Certain Factors Affecting Forward-Looking Statements" in our 2001 Annual Report on Form 10-K filed with the SEC: Our ability to maintain or improve our competitive positions against current and potential competitors; the level of economic growth or other factors affecting demand for our products and services; loss of key customer contracts or strategic relationships; changes in regulation or industry standards applicable to our businesses or those of our customers; risks associated with investments and operations in foreign countries, including exchange rate fluctuations and local political, social, and economic factors, and those other risks listed in the above-referenced section of our Form 10-K.

Source: Certegy Inc.

CONTACT: Mary Waggoner, VP - Investor and Public Relations of Certegy
Inc., +1-678-867-8004, or Heather Ward, Assistant Manager - Public Relations
of The Pep Boys - Manny, Moe & Jack, mediarelations@pepboys.com

Web site: http://www.certegy.com/
http://www.pepboys.com/