FormFree Joins The American Bankers Association

FormFree Corporation joins the American Bankers Association as a Service Member with the goal to provide financial institutions with low cost private labeled consumer online tax preparation tools.

Atlanta, Georgia (PRWEB) May 27, 2007 -- FormFree Corporation announced that it has been approved by the American Bankers Association as a Service Member. FormFree enables financial institutions to private label a World Class consumer online tax preparation service. "Currently FormFree is the only provider of complete private-labeled consumer online tax preparation systems marketed directly to financial institutions and by joining the American Bankers Association as a Service Member we are better positioned to market our services to financial institutions," says Chad Jenkins, FormFree Business Development Manager.

The fully outsourced end-to-end system offers an easy to use interview based format system that fills out all commonly used individual federal and state tax forms (1040, 1040EZ, etc). Institutions can private label the consumer online tax tool and fully leverage their brand - which offers numerous benefits for the institution as well as the customers.

"We believe the private-label strategy presents a much better integration opportunity for our partners and leads to higher conversion ratios, lower capital requirements and a ultimately much better return on investment," says Mr. Jenkins.    

A new feature this tax season is the expanded refund direct deposit service that allows the customer to split their tax refund and have it direct deposited into up to three accounts at the institution, including taxpayers' IRAs for funding 2006 individual retirement accounts. FormFree brands this state of the art solution as the FormFree DepositPlus.

"To stay profitable, Banks need to funnel more of their customers dollars into accounts at the institution and with our expanded refund direct deposit solution everyone wins - the financial institution and the institution's customers" says Mr. Jenkins.

FormFree's product has all of the practical features that will help financial institution customers file their taxes online. The system will import the customer's data if they are a returning customer or it will import their tax information from leading payroll processors and employers. The system will automatically check for mistakes and oversights so customers can make the corrections as they go through the filing process. There is also a "Check if page is complete" box at the bottom of each page making it easy to go back and enter information later. With a secure username and password, customers can log into their account at any time. If they are interrupted while filing their taxes, return, log in and start right where they left off. This online tax filing service has a large database of material on tax laws, a user-friendly tax guide and a calculator. It also has a lot of online materials to answer the customer's questions. Or, customers can contact customer support by email or online chat.

For additional information on FormFree Corporation or for a demo of FormFree's consumer online tax preparation platform, contact Chad Jenkins or visit www.formfree.com. FormFree is a licensed trademark of FormFree Corporation.

About FormFree Corporation (www.formfree.com)

Founded in 2002, FormFree Corporation provides financial electronic commerce services and products to U.S. financial institutions. FormFree Electronic Commerce solutions enable financial services providers to offer the convenience of preparing and filing taxes online.
Certain of the Company's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future (paragraphs 1, 2, 3, 4, 5 and 6). Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, its ability to successfully integrate acquired companies and other risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. One or more of these factors have affected, and could in the future affect the Company's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.

SOURCE
FormFree Corporation

Contact:
Nichole Morrison, U.S. Public Relations
FormFree Corporation
888-353-FORM ext. 777
http://www.formfree.com

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