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   Technology StocksCheckFree Holdings Corp. (CKFR), the next Dell, Intel?


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To: TLindt who started this subject8/12/2004 12:27:42 PM
From: Bruce Prescott
   of 20297
 
I am starting to accumulate again. Here's someone else who thinks CKFR is a good pick at this price.

marketwatch.com

Keeping an eye on growth
First Focus manager taps CheckFree, ACS, Constellation Brands

By Rex Crum, CBS.MarketWatch.com
Last Update: 12:01 AM ET Aug. 12, 2004


SAN FRANCISCO (CBS.MW) - David Jordan's investment strategy is broad but direct.

The manager of the First Focus Growth Opportunities fund (FOGRX: news, chart, profile) invests across many different industries but holds to a key investment criteria: Buying into strong earnings growth at a discount.

"Growth rates vary from industry to industry, and company to company," Jordan said. "But in general, we look for companies that can show growth along with attractive valuations and prices."

CheckFree (CKFR), which operates electronic commerce, software and investment services, receives high marks from Jordan.

The company's technology allows customers to pay bills and to perform other banking services online, and Bank of America is its largest client, he said.

"Their last quarterly report was generally in line with estimates, and there was some selling off of the stock, which we think makes it's price attractive," Jordan said. "There are a number of positives for it in the period ahead."

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To: Bruce Prescott who wrote (20256)8/25/2004 9:14:11 AM
From: StocksMan
   of 20297
 
CheckFree Announces $185 Million Three-Year Revolving Line of Credit

Wednesday August 25, 9:00 am ET

ATLANTA, Aug. 25 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) today announced that it has closed on a three-year $185 million senior secured revolving credit agreement. The credit facility will be used for general corporate purposes of CheckFree Corporation and its subsidiaries, including working capital, acquisitions and letter of credit needs. The new facility provides for borrowings tied to base rate and LIBOR and contains certain financial covenants.

SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc. is a Joint Lead Arranger and SunTrust Bank is the Administrative Agent. Banc of America Securities LLC is a Joint Lead Arranger and Bank of America, N.A. is the Syndication Agent. . .

biz.yahoo.com

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To: StocksMan who wrote (20257)9/13/2004 9:11:54 AM
From: StocksMan
   of 20297
 
Substantial Year-to-Year Growth Recorded in Multiple Strategy Portfolio Assets on CheckFree APL

Monday September 13, 9:00 am ET

-- Assets Climb in One Year from $3.2 Billion to $19.3 Billion, another indication that Separately Managed Accounts are becoming an increasingly popular investment strategy --

ATLANTA and JERSEY CITY, N.J., Sept. 13 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that total assets for multiple strategy portfolios on CheckFree APL surged from $3.2 billion to $19.3 billion between June 2003 and June 2004. Recent industry figures compiled by Financial Research Corporation (FRC) indicate that multiple-style accounts have reached $40 billion, and have grown significantly faster than other managed account and fee-based products.

CheckFree Investment Services is the leading provider of outsourced trading, portfolio management, accounting, reporting services and data to broker/dealers, investment consultants and money managers in separately managed accounts.

"These numbers amply demonstrate the positive trend for the separately managed accounts industry, and the trust placed in CheckFree's operations and service infrastructure by separate account sponsor and manager firms," said Alex Marasco, CheckFree Investment Services executive vice president and general manager. "CheckFree is increasingly viewed as a trusted, operational 'guardian' of multiple-style accounts, and CheckFree APL's ability to efficiently support these complex portfolios is gaining widespread industry acceptance as our clients increasingly recommend these personalized investment strategies."

Multiple strategy portfolios provide for the diversified management of a single account, encompassing the investment strategies of multiple money managers. CheckFree APL enables the program sponsor firm to offer a wide variety of investment strategies to their client, while seamlessly including any combination of in-house and external managers. CheckFree APL treats multiple strategy portfolios as a single account with sub-models, thereby averting trading and reconciliation discrepancies.

CheckFree APL serves as the leading separately managed accounts platform, providing remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree APL's open platform enables approximately 39 of the top 50 Wall Street (sponsor) firms and 36 of the top 40 managers to interface with each other, and operate in a straight- through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance. . .

biz.yahoo.com

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To: StocksMan who wrote (20258)9/14/2004 10:12:52 AM
From: StocksMan
   of 20297
 
CheckFree Signs Multi-Year Extension With Wells Fargo for Electronic Billing and Payment Processing Services

Tuesday September 14, 9:15 am ET

ATLANTA, Sept. 14 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) today announced that it has signed a five-year contract extension with Wells Fargo & Company (NYSE: WFC - News) to continue as a provider of electronic billing and payment processing services. CheckFree has been processing electronic bill payments for Wells Fargo since 1996. In 2003, the Company began delivering CheckFree e-Bills(SM) from hundreds of billing organizations to Wells Fargo's online customers.

"As a leading retail financial services company, Wells Fargo represents a significant relationship for CheckFree," said Steve Olsen, executive vice president and general manager of CheckFree's Electronic Commerce division. "We look forward to our continued partnership with the financial institution in delivering the convenience and control of electronic billing and payment services to more consumers, backed by our commitment to Sigma-level quality."

Added Armand Abhari, senior vice president and head of Online Bill Pay at Wells Fargo, "Wells Fargo is delighted to work with CheckFree along with other key payment processors and providers of e-bills, such as Metavante and MasterCard RPPS. By working with multiple partners, today we are able to provide more e-bills to our customers than any other financial institution. . ."

biz.yahoo.com

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To: StocksMan who wrote (20259)9/14/2004 1:41:17 PM
From: Bruce Prescott
   of 20297
 
Looks like Wells Fargo will dance with anyone who provides electronic bills and payments:

"Wells Fargo is delighted to work with CheckFree along with other key payment processors and providers of e-bills, such as Metavante and MasterCard RPPS. By working with multiple partners, today we are able to provide more e-bills to our customers than any other financial institution. . ."

I'm glad to see the gain today, but this news doesn't seem that noteworthy.

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To: Bruce Prescott who wrote (20260)9/15/2004 9:23:35 AM
From: StocksMan
   of 20297
 
CheckFree Wins Multiple Gold Awards in New CityCompass Corporate Actions Benchmark Report

Wednesday September 15, 9:15 am ET

LONDON and ATLANTA, Sept. 15 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that its advanced Corporate Actions solution, CheckFree eVent(TM), has just achieved several gold accreditations in the new corporate actions (CA) report: Benchmarking of International Systems and Services (BISS) (1). The report was commissioned by CityCompass, an independent financial services consultant, and prepared by Andrew Chilcott, a senior analyst at Bloor Research, assisted by a panel representing a cross-section of securities practitioners including BNP Paribas SS, UBS, Dresdner Kleinwort, Baring AM, HSBC and others.

The CityCompass BISS report has been broadly divided into three categories: CA systems for Asset Managers, Broker/Dealers and Custodians. CheckFree won a gold label accreditation in the two areas considered to be the most challenging to implement - Broker/Dealers and Custodians.

According to the report, CheckFree scored well in meeting the needs of business requirements, in the richness of its technical functionality and in system maturity. The report also recognises that CheckFree has not only achieved SWIFTReady label status for Corporate Actions, but has the additional ability to generate payment messages. It cites CheckFree as having excelled in several key areas. Says Andrew Chilcott: "CheckFree stood head and shoulders above all the others in providing a step by step, date by date demonstration of every trigger and task undertaken in processing the four events. If I had been a customer, I would have been suitably impressed by the ease of configuration, the transparency of the processing and the care that had been taken to make the demonstration specific to me as a potential customer. I must commend CheckFree on their achievement and setting a standard that other vendors would do well to follow."

CheckFree is also the only solution cited in the report that was able to openly identify the problem of bonds with attached coupons that do not get announced - an important feature of calculating fixed interest entitlements. When it came to issuing confirmations via the Web, CheckFree was mentioned as having a 'notably good solution.' It was further mentioned that the addition of a web-browser makes widespread deployment and system management much easier. Overall, the report confirms that CheckFree always scores highly when the quality of systems and its architecture are taken into account.

Amery Thomas, senior vice president of International Operations for CheckFree Software, said: "We are honored to have been so well reviewed in a report that carries the weight of such prestigious industry experts as Andrew Chilcott and CityCompass. These findings reflect and reward the progress we have made in the latest release of CheckFree eVent and the hard work of a broad team of experts here who have produced a truly end-to-end solution that delivers a low risk 'out of the box' deployment in corporate actions, the most complex of financial software environments."

CheckFree eVent is a next generation corporate actions automation workflow and exception management suite and one of only two CA solutions to have achieved SWIFTReady CA accreditation. Developed by HelioGraph Ltd., which is now part of CheckFree Software, eVent offers a rules-based design with a large library of extensively pre-tested templates and supports SWIFT and other major standards, leveraging an inherently integrated architecture to provide truly global straight through processing (STP) capabilities. . .

biz.yahoo.com

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To: StocksMan who wrote (20261)9/21/2004 12:20:18 PM
From: StocksMan
   of 20297
 
Kedrios Signs Seventh Client for Italian Trade Settlement Service Based on CheckFree Solution

Tuesday September 21, 9:15 am ET

-- X-Settle is the first hosted service to handle transactions sent into the new settlement infrastructure introduced by Monte Titoli, Italy's central securities depository and part of the Borsa Italiana --

LONDON and ATLANTA, Sept. 21 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree (Nasdaq: CKFR - News), today announced that X-Settle, a new service developed by CheckFree and its Italian partner, Kedrios, has gone live. X-Settle is the first settlement service designed to support the recently reorganised transaction processing infrastructure at Italy's central securities depository, Monte Titoli (part of the Borsa Italiana group), handling volumes of up to 10,000 transactions per hour. Seven of Italy's largest financial institutions including Deutsche Bank, RAS Bank and Euromobiliare, have already signed up for the service based on CheckFree's TradeFlow TPM, the de-facto standard trade confirmation and settlement workflow solution.

Says Paulo Taddini, chief executive officer of Kedrios: "X-Settle gives our clients a complete single-window solution that provides full connectivity, automation and visibility into the newly improved Monte Titoli RRG Matching and Express II settlement processes from automated operation transmission through to matching and settlement reconciliation." Tolerances can be defined via user-based rules and all transaction and accounting activity is visible from a central, real-time screen. The system, which is run from the Kedrios bureau, is currently handling over 50,000 messages and two 1.5 hour peaks a day from a single server.

In addition to greatly enhanced operational efficiency, X-Settle delivers a new level of risk management by providing a seamless, intelligent transaction process across all market participants, which can be viewed and monitored centrally from single, central point of control. Reconciling all instructions from Monte Titoli and counterparties, X-Settle matches them against internal trade records to produce either aggregated 'net' or 'gross' views of all transactions -- those settled, pending or requiring action. These parameters can be defined or changed easily via user-based rules, and all transaction and accounting activity is visible from a central real-time screen. The system, run from the Kedrios bureau, is extremely robust, handling over 50,000 messages a day from a single server, with the scalability to meet future demands.

When Monte Titoli restructured its operations, it meant that trade processing systems in the Italian market had to be changed correspondingly -- both in terms of formatting and message cycles. The fact that X-Settle was developed in under six months highlights the underlying flexibility of its design.

Rajive Samarasinhe, business development manager Italy, CheckFree Software, explains, "CheckFree's rules-based configurability enabled us get to market early to support Monte Titoli's new settlement infrastructure. Many of Kedrios' existing customers have already signed up for X-Settle and they anticipate strong interest since X-Settle not only streamlines the settlement process, but provides a level of de-risking previously unavailable."

"Kedrios' knowledge of the Italian financial market combined with CheckFree's expertise in developing STP and financial messaging solutions, has enabled us to bring a unique service to market," said Amery Thomas, senior vice president of International Operations for CheckFree Software. "In a few short months it has already attracted an extraordinary level of interest and looks set to become the de facto standard for trade settlement and reconciliation services. . ."

biz.yahoo.com

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To: StocksMan who wrote (20262)9/24/2004 4:36:58 PM
From: StocksMan
   of 20297
 
CheckFree to Host Conference Call

Friday September 24, 4:30 pm ET

ATLANTA, Sept. 24 /PRNewswire-FirstCall/ -- On Monday, October 18 at 5:00 p.m. EDT, CheckFree Corporation (Nasdaq: CKFR - News), will host a conference call to review first quarter results. The results will be released on Monday, October 18 at 4:00 p.m. EDT.

To phone into the conference, dial 1-877-232-1067 any time after 4:45 p.m. EDT and ask for the CheckFree conference call. All participants can also access the conference call via the Web by visiting checkfreecorp.com .

If you are unable to join the conference call, it will be available on digital replay after 7:00 p.m. EDT on October 18 at checkfreecorp.com .

* CheckFree conference call

* 5:00 p.m. EDT, Monday, October 18

* Conference call number 1-877-232-1067 or checkfreecorp.com

* Digital replay available at checkfreecorp.com

Source: CheckFree Corporation

biz.yahoo.com

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To: StocksMan who wrote (20263)9/29/2004 8:21:50 AM
From: StocksMan
   of 20297
 
Xcel Energy Offers Online Payment Option

Tuesday September 28, 1:51 pm ET

DENVER--(BUSINESS WIRE)--Sept. 28, 2004--Residential customers of Xcel Energy (NYSE: XEL - News) may now view and pay their monthly energy bills online, free of charge, through the company's website, www.xcelenergy.com. This payment option is powered by a partnership between Xcel Energy and CheckFree, one of the nation's largest providers of electronic billing and payment services.

"The online view and pay option enables customers to review their bill summary online and schedule payments at that time, without the additional time and expense that can come from using the traditional paper process," said Debbie Mukherjee, product portfolio manager for Xcel Energy.

To use the system, participants must first enroll with CheckFree (www.checkfreecorp.com) before they can view and pay their bills online. Customers may then access the Xcel Energy website, choose the "Residential" customer option, enter their zip code, and then select "payment options." As customers pay their bills online, they will build their statement and payment history online as well.

If customers are already online with CheckFree, or at any one of over 1,300 financial institutions or Internet portals that offer CheckFree's services, then they may only need to add Xcel Energy as a payee and/or biller. Payments will be debited the usual way from their bank account. Customers can schedule payments ahead of time -- as far as one year in advance -- or up to two business days prior to the due date.

Other online payment options are available and, like Xcel Energy's Online View & Pay, these options are free to the customer. If customers are signed up for automatic deduction through PaySmart from Xcel Energy they can also use the new online service to view bill summary information. . .

biz.yahoo.com

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To: StocksMan who wrote (20264)10/1/2004 9:36:52 AM
From: StocksMan
   of 20297
 
Bank of America Introduces Person-to-Person Money Transfers

Thursday September 30, 9:01 am ET

New online service lets bank customers transfer money instantly to friends and family coast-to-coast

CHARLOTTE, N.C., Sept. 30 /PRNewswire/ -- Bank of America customers now can transfer money instantaneously to millions of other Bank of America customers with a new feature the bank is introducing to its Online Banking service. The free money transfer feature enables consumers to move money from their personal checking, savings, line of credit or credit card accounts to other Bank of America personal deposit account customers.

"We've been listening to our customers and the ability to transfer money to online customers within the Bank of America family is one of their top requests," said Sanjay Gupta, e-Commerce executive at Bank of America. "Parents with children in college will find this particularly useful, as will others who want a convenient way to send money to friends or family within our coast-to-coast network and have the money instantly available."

A leader in consumer banking, serving 33 million consumer relationships in 29 states and the District of Columbia, Bank of America is one of the first financial institutions to offer this capability. The service demonstrates the strength of the company's nationwide network and its power as one of the nation's leading retailers. For Bank of America customers, the transfer service offers unparalleled convenience coast-to-coast.

Consumers can enroll for free Online Banking at bankofamerica.com . Once they have established a Bank of America account, they can select "Transfer Funds" to access this new feature and add the accounts of those family members and friends to whom they would like to transfer money.

The service is now available to customers with accounts in the Southeast, Southwest and Midwest and will be rolled out to California customers in October. Former Fleet customers will be able to access the service later next year when they are converted to the Bank of America system. Next month, Bank of America also plans to introduce transfers to and from accounts at other financial institutions.

Bank of America has more than 11.7 million active Online Banking customers, the most in the industry. . .

biz.yahoo.com

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