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

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To: StocksMan who wrote (20266)10/12/2004 8:01:10 AM
From: StocksMan
   of 20297
EBay's PayPal hit by glitches in online payments

By Lisa Baertlein, Reuters

SAN FRANCISCO — EBay's online payment service PayPal has suffered intermittent glitches since late last week, locking some users out of their accounts for long stretches and making it difficult for some online sellers to complete deals, the company and users said Monday.

The online payment problem came at the start of eBay's seasonally biggest quarter for revenues and roughly four months after the company apologized for a run of billing and search snafus that disrupted some of the auction site's most dedicated sellers.

EBay Monday said it was working to fix the recent PayPal problems, which have affected payments, log-ins and account creation.

"We are working furiously. ... We have all resources dedicated to getting it fixed as soon as possible," PayPal spokeswoman Amanda Pires told Reuters.

"We haven't found the ultimate cause," said Pires, who added that the problem appeared to be related to a coding update late Thursday.

It was not immediately clear how widespread the problems were, although eBay's message boards were filled with postings about the PayPal glitches.

Michael Bokan, of West Charlton, New York, told Reuters PayPal usually processes 5 to 10 payments a day on orders from his fly-fishing equipment Web site

Bokan, who said he can see payment requests being sent to PayPal, said no payments came through Friday, less than half than normal were processed over the weekend and just one was processed Monday.

"It's messing things up," said one San Francisco-based PayPal user who spoke on condition he not be named. He said payments were "trickling in" to his account, although confirmation e-mails from PayPal were not.

Users also complained they were unable to withdraw money from their PayPal accounts or to use their PayPal debit cards. "I can't get paid, can't ship and can't get to my own money," a PayPal user wrote in a posting on eBay's message boards.

EBay has been integrating PayPal tightly into its site since it purchased the company in 2002.

For example, the company added a feature to its popular "Buy It Now" function that allows sellers to accept immediate payment only through PayPal.

PayPal boasted 50.4 million accounts at the end of the second quarter, during which it processed $4.4 billion in payments. . .

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To: StocksMan who wrote (20267)10/13/2004 12:37:12 PM
From: StocksMan
   of 20297
CheckFree Business Unit, APS, Extends Marketing Agreement with BillMatrix

Wednesday October 13, 8:00 am ET

Relationship Spans All Major Bill Payment Channels

ATLANTA & DALLAS--(BUSINESS WIRE)--Oct. 13, 2004--American Payment Systems, the market leader for walk-in payment solutions and a business unit of CheckFree Corporation (Nasdaq:CKFR - News), today announced the extension of a joint marketing agreement with Dallas-based BillMatrix Corporation, a provider of outsourced telephone and Internet-based payment services. The extension will enable both companies to continue offering complementary electronic payment channels to billers to help them meet needs of all their consumer customers. The agreement, first signed in 2001, has allowed each company to offer its respective clients a more comprehensive range of payment offerings by providing referrals to the other company. CheckFree Corporation completed its acquisition of APS in June 2004.

"Extending this agreement across all channels allows clients to see how outsourcing all of these payment methods can reduce costs, increase cash flow and improve customer satisfaction," said Sean Feeney, executive vice president of CheckFree and general manager of APS. "This relationship enables our organization to offer comprehensive on-demand payment methods that are desired by our clients and prospects. Our continued alliance with BillMatrix supports our strategy of providing a full array of electronic billing and payment solutions to billers."

"With this collaboration, a recurring biller can meet the financial preferences of each individual in its customer base," said Scott Walker, President and CEO of BillMatrix. "On-line bill payers can access their bills and make payments via the vast range of Internet banking and biller direct sites supported by CheckFree. The on-demand payers can use the convenient BillMatrix service, and the walk-ins can take advantage of APS' extensive network of payment agents. Our relationship with CheckFree is the best way to address consumers' desire for control and choice in managing their finances."

In addition to extending the range of payment options for biller clients, this collaboration enables billers to extend their databases of "high risk" accounts of which electronic or in-person payments have been returned due to insufficient funds or fraud in the past. Using decision rules set in concert with the biller, APS, CheckFree and BillMatrix will be able to direct these accounts to guaranteed funds methods, such as ATM cards or cash at the walk-in location, that limit the billers' exposure and cost. . .

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To: StocksMan who wrote (20268)10/14/2004 8:32:47 AM
From: StocksMan
   of 20297
CheckFree Health & Fitness Introduces CheckFree Schedule Manager at Club Industry 2004

Thursday October 14, 8:00 am ET

-- CheckFree Schedule Manager, in Conjunction with RCM Solutions, Provides Comprehensive Reservation and Club Management Suite --

ATLANTA and CHICAGO, Oct. 14 /PRNewswire-FirstCall/ -- Club Industry 2004 Booth #1255 -- CheckFree Health & Fitness, a business unit of CheckFree Corporation (Nasdaq: CKFR - News), today announced the introduction of CheckFree Schedule Manager, an Internet-based reservation system for health clubs of any size at Club Industry's 2004 annual conference in Chicago. CheckFree Schedule Manager integrates with RCM Solutions, CheckFree's complete club management system, enabling clubs to streamline the scheduling and managing of their resources and facilities.

Health clubs using CheckFree Schedule Manager can allow members and non- members to schedule appointments online in real-time. Additionally, they can easily and securely pay for those appointments either online via credit card or at the club upon check in. As customers increasingly use the self- reservation system, phone calls to employees are greatly reduced, enabling them to better service health club members on-site. The system can be used by employees to make reservations on behalf of members and non-members as well as enable them to manage their availability, eliminating duplicate location or staff reservations.

"Health clubs require scheduling solutions that enable staff to quickly and easily access a variety of member information. They need a unified service that facilitates all run-rate operations including scheduling, reservation check-in, billing and accounting," said Matt McKernan, vice president and general manager of CheckFree's Health & Fitness business unit. "The combination of CheckFree Schedule Manager and RCM Solutions gives clubs the most comprehensive product suite to meet their operational needs."

CheckFree Schedule Manager is easy-to-use and can easily be customized for the unique business rules of individual clubs. Reservations can be tailored based on a particular location, specific staff member, or combination of the two. Administrators can also define any service they want to enable online from tennis courts and swimming lessons to massage and tanning sessions.

CheckFree Schedule Manager provides the following benefits:

- Tight Integration with Club Management Solution-CheckFree Schedule Manager is designed to work closely with RCM Solutions providing a complete management and reservation system.

- Two-Way Communication-Advanced messaging technology enables two-way communication between Schedule Manager and RCM Solutions to ensure the most up-to-date information is available to the club and its members.

- Scalability-CheckFree Schedule Manager is designed to work at the smallest clubs as well as large clubs with multiple site locations.

- Hosted by CheckFree-CheckFree Schedule Manager is hosted by the same electronic center used to process online bill payments for more than 14 million customers since 1981. While RCM Solutions requires a simple software download and installation, clubs only need to set up an interface with CheckFree to operate CheckFree Schedule Manager.

CheckFree Schedule Manager will be available in spring 2005. For more information on pricing and availability, call 800-242-9522, visit us at Booth #1255 at Club Industry 2004 (Oct. 14-16, 2004), or visit our Web site at . .

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To: StocksMan who wrote (20269)10/14/2004 9:19:27 AM
From: StocksMan
   of 20297
Cyphermint Partners with American Payment Systems (APS) For Bill Payment Enabled Kiosks

Thursday October 14, 9:00 am ET

MARLBOROUGH, Mass. , Oct. 14, 2004 (PRIMEZONE) -- Cyphermint, Inc., a leading provider of secure electronic payments, today announced an agreement with American Payment Systems (APS), a market leader in walk-in bill payments and a business unit of CheckFree Corporation (NasdaqNM:CKFR - News). With the relationship the companies will provide electronic bill payment services for Cyphermint's PayCash(tm) and Kiosk Integration Solutions.

APS bill pay services will be available on the PayCash One Stop(r), a self-serve, 24-hour kiosk with ATM capabilities among other retail kiosk projects from Cyphermint. The agreement will provide a cash alternative for consumers, who do not want to pay with money orders, credit cards or checks, to make bill payments. With a bill payment enabled kiosk, a consumer can walk into any participating supermarket or convenience store, insert cash in the kiosk and pay their bills quickly, securely and conveniently.

Today APS's bill payment services are available in thousands of retail locations across the country, and Cyphermint's bill payment enabled kiosks automate simple financial transactions. For supermarket and convenience store merchants, this provides a secure and efficient method for their customers to pay bills quickly and privately. In addition to cash, these kiosks also accept credit and debit cards for transactions other than bill payments. The kiosks display an on-screen opportunity for the merchant to market in-house promotions and will provide affiliate partners with eCommerce coupon advertising opportunities. These features provide merchants a quick return on their investment.

``The addition of APS's leading walk-in bill payment services to our kiosk solutions ultimately enhance the value we can deliver to our base of retailers and the consumers they serve,'' said Joseph Barboza, President and CEO, Cyphermint, Inc. ``By offering bill payment options in their retail locations, merchants can offer a service to enable their customers to quickly and conveniently pay their bills in a self serve fashion.''

``Our technology partnership with Cyphermint will offer APS an excellent opportunity to provide the under banked market place with a self serve solution for in person bill payment,'' said Todd Lasher, director of business development, American Payment Systems. ``By enabling Cyphermint's kiosk solutions with new capabilities, we are jointly increasing the convenience of walk-in bill payments with new customer channels.''

As a market leader for walk-in bill payment solutions, American Payment Systems (APS) has been processing in-person payments since 1990. Through over 10,000 retail locations, APS reaches about 7 million households, and annually processes about 125 million payments, representing hundreds of billers. . .

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To: StocksMan who wrote (20270)10/18/2004 11:01:42 AM
From: Michael Hart
   of 20297
looking at CKFR as a strangle play on earnings tonight..........any thoughts would be appreciated.



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To: Michael Hart who wrote (20271)10/18/2004 4:15:57 PM
From: StocksMan
   of 20297
CheckFree Announces Fiscal 2005 First Quarter Results

Monday October 18, 4:11 pm ET

ATLANTA, Oct. 18 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) today announced first quarter revenue of $177.8 million, representing 26 percent growth over the same period last year. The Company's GAAP (Generally Accepted Accounting Principles) net income was $6.2 million, or $0.07 per share, and underlying net income was $26.9 million, or $0.29 per share. Free cash flow was $28.3 million for the quarter, as outlined in Attachment A.

GAAP Results: Net income for the first quarter was $6.2 million, compared to a net loss of $6.7 million for the same quarter last year. Earnings per share were $0.07 for the first quarter of fiscal 2005, compared to a loss per share of $0.07 for the first quarter of last year. Net cash provided by operating activities was $31.7 million for the first quarter of fiscal 2005, compared to $27.0 million for the same period last year.

Underlying Results: Underlying net income for the first quarter was $26.9 million, compared to $19.4 million for the same quarter of last year. Underlying earnings per share were $0.29 for the first quarter of fiscal 2005, compared to $0.21 for the first quarter of last year. Underlying net income and earnings per share exclude the amortization of acquisition-related intangible assets and related tax benefits. A reconciliation of CheckFree's underlying results to its GAAP results is included in Attachment A.

"CheckFree had a good first quarter, with consistent results across each of our divisions," said Pete Kight, CheckFree's Chairman and Chief Executive Officer. "We showed steady performance from Investment Services, and Software delivered better-than-expected sales during a traditionally slow quarter. In Electronic Commerce, e-Bill and transaction growth were directly in line with our expectations, with our walk-in bill payment business contributing better- than-expected transaction results. Distribution points for our fully integrated electronic billing and payment solution continue to increase steadily."

"These fiscal first quarter results represent a good start for CheckFree, providing a solid foundation on which to build for the rest of fiscal 2005," Kight concluded.

First Quarter Highlights

The Company reported that its Electronic Commerce division processed 205.8 million transactions for the quarter, a 25 percent increase over the previous quarter; delivered 29.6 million e-Bills, an increase of 14 percent over the previous quarter; and increased the number of fully enabled electronic billing and payment distribution points to more than 1,400.

First quarter results for the Electronic Commerce division also included better-than-expected transaction volume and associated revenue from the Company's walk-in bill payment operations. Integration of this business into the Company's Electronic Commerce division continues as planned, following the acquisition of American Payment Systems, Inc., late in the fourth quarter of fiscal 2004.

The Company also reported stronger-than-expected license sales in its Software division in the first quarter. Refer to Attachment B for details on the financial performance of CheckFree's divisions in the first quarter of fiscal 2005, and Attachment C for electronic billing and payment metrics.

Financial Outlook

"For the second quarter of fiscal 2005, we expect revenue in the range of $178 million to $183 million, and GAAP earnings per share in the range of $0.07 to $0.10," said CheckFree Chief Financial Officer David Mangum. "This expectation equates to underlying earnings per share in the range of $0.30 to $0.32 for the quarter."

"Our expectations for the second quarter of fiscal 2005 are based on an outlook for continued solid performance from both our Investment Services and Software divisions," he continued. "Sequential quarterly transaction growth is expected to be in the range of 4 to 7 percent, reflecting our expectations for solid growth across all of our electronic billing and payment distribution points, and more modest growth from our walk-in bill payment business," he continued.

"Our first quarter results set us on a favorable course for achieving our fiscal year expectations. We continue to expect full-year earnings per share in the range of $0.39 to $0.45 on a GAAP basis, and in the range of $1.26 to $1.30 on an underlying basis, and free cash flow of more than $145 million for the year," Mangum concluded.

The difference between GAAP and underlying earnings expectations for fiscal 2005 and the second quarter of fiscal 2005 is due to expected acquisition-related intangible amortization expense and related tax benefits. . .

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To: StocksMan who wrote (20272)10/19/2004 5:25:12 PM
From: Bruce Prescott
   of 20297
CKFR goes up $2.88 a share and no one posts a comment?

I'm surprised no one is celebrating.

Maybe we're all wishing we were holding more shares.

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To: Bruce Prescott who wrote (20273)10/20/2004 9:57:11 AM
From: StocksMan
   of 20297
CheckFree Investment Services to Provide Extensive Hedge Fund Data in Its M-Search Database Through Agreement With

Wednesday October 20, 9:10 am ET

- Enhancement will offer investment consultants a comprehensive solution for researching and analyzing an array of financial products -

ATLANTA and JERSEY CITY, N.J., Oct. 20 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced the availability of a range of hedge fund data through CheckFree M-Search, the leading investment manager database and analytical software tool. The data, representing more than 3,100 hedge funds, funds-of-funds and CTAs that report performance in U.S. dollars, is sourced from, a division of Channel Capital Group Inc. 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.

Through the unified managed account (UMA), investment professionals are taking a holistic approach to investing client assets by, in part, evaluating a range of financial products: managed accounts, mutual funds, ETFs and hedge funds. With this latest enhancement, M-Search can now make available in one powerful and sophisticated desktop tool the data on all of these vehicles.

"Aggregation of this data benefits investment consultants by providing a comprehensive solution to research, analyze and compare an array of investment products in a single tool," said Alex Marasco, CheckFree Investment Services executive vice president and general manager. "The ability to include data in a single repository also obviates the need for multiple vendor sources, enabling CheckFree clients to increase their efficiencies, better service clients and potentially reduce costs."

As the investment management industry's leading source of information on separate account and institutional investment managers, CheckFree M-Search offers comprehensive qualitative and quantitative data on over 1,250 firms and 5,500 products. CheckFree M-Search offers integrated screening and analytics of managers in the Mobius separate account database, along with mutual funds, exchange traded funds (ETFs) and now hedge funds. In addition to data, performance, risk and style analysis capabilities, CheckFree M-Search also provides investment consultants with high-quality reports for client presentations.

"Hedge funds have become an increasingly important asset class for a well- rounded portfolio. Using our industry-leading database of hedge fund information, CheckFree Investment Services will be able to provide its customers with research and data on this growing asset class," said Donald C. Cacciapaglia, chairman and chief executive officer. . .

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To: StocksMan who wrote (20274)10/22/2004 1:36:43 PM
From: StocksMan
   of 20297
Yahoo to scrap online-payment service

Published: October 22, 2004, 8:26 AM PDT
By Jim Hu
Staff Writer, CNET

Yahoo is shutting down PayDirect, an online payment service similar to eBay's PayPal.

In a notice on the service's Web site, Yahoo said it will begin to shutter the service on Nov. 22. Beginning on that date, the Web portal will no longer let people open new accounts or send and receive payments from non-PayDirect users.

Transactions prior to Nov. 22 will be processed if the recipients accept the payments within 30 days. After that, Yahoo will cancel all payments. People will have until Feb. 15, 2005, to withdraw unused funds and check transaction records. By May 15, the entire site will shut down, the notice said.

"We are discontinuing PayDirect as part of our efforts to focus the company on core priorities," Yahoo spokesman Brian Nelson said Friday.

Yahoo launched PayDirect in 2000 as a payment system for its online auctions customers. The company acquired payment technology provider Arthas months earlier to jump-start the efforts.

Since then, Yahoo has retreated from parts of its auctions business. In 2002, the company said it would close its European auction business and point its customers to industry giant eBay. Yahoo still runs its United States-based auction site and accepts PayPal payments.

PayDirect has gone through its own share of changes. The service was originally free, but Yahoo began tacking fees onto the service in 2001 to expand its nonadvertising revenue. Eight months later, it retreated from its mandatory fees and restored PayDirect as a free service.

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To: StocksMan who wrote (20275)10/26/2004 12:05:31 PM
From: StocksMan
   of 20297
Raymond James Financial to Migrate 100,000 Accounts to CheckFree APL

Tuesday October 26, 9:14 am ET

-- Financial Firm to Deploy CheckFree APL in its Broker-Dealer and Money Management Businesses; Brings New Top 10 Client to CheckFree Investment Services --

ATLANTA and JERSEY CITY, N.J., Oct. 26 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that the Asset Management Services division of Raymond James Financial has licensed CheckFree APL for use within the firm's broker/dealer and money management businesses. A conversion process, to begin this month, will result in approximately 100,000 portfolios migrating from the client's in-house system to CheckFree's industry leading, separately managed accounts platform. The deal, as measured by the number of accounts to be administered on CheckFree APL, represents a substantial client for CheckFree Investment Services. 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.

"Raymond James, which is known for its emphasis on personalized service to investors, selected CheckFree APL to accelerate its growth plans," said Alex Marasco, CheckFree Investment Services executive vice president and general manager. "We're told they were impressed with our continual investment and direction we're taking with the underlying technology platform, and in workflows that keep CheckFree APL ahead of the curve in the separately managed accounts arena."

The Asset Management Services division of Raymond James Financial provides an operational, sales and marketing framework for much of the firm's separately managed account fee-based programs including outside consultant wrap, mutual fund wrap, financial advisor discretionary and other fee-based brokerage businesses. Through Asset Management Services, CheckFree APL will support Raymond James Consulting Services program which introduces model portfolios based upon risk budgeting concepts utilized by institutional clients and consultants. The program goes beyond manager search and selection to develop an integrated portfolio of managed holdings, and incorporates the best tools to assist high net worth and smaller institutional clients in managing risk and selecting managers with identifiable skills. Raymond James has long leveraged CheckFree's M-Search database, the leading investment manager database and analytical software tool, and will continue using it to perform due diligence on money manager relationships.

"From a connectivity standpoint, CheckFree APL is the system most managers are comfortable with," said Jeff Holland, vice president of Raymond James Consulting Services. "The interfaces will also help our managers consolidate the number of external connections they need to make to outside sponsor programs already on CheckFree APL."

CheckFree APL will also be utilized by the firm's wholly-owned asset management subsidiaries: Eagle Asset Management and Awad Asset Management. For nearly twenty-five years, Eagle Asset Management has offered an array of high quality, disciplined investment programs designed for the particular needs of individual and institutional investors. Eagle's goal is to provide clients with superior risk-adjusted returns as the cornerstone of a successful long-term investment program. Awad Asset Management specializes in small-cap investment management for individuals, retirement plans, trusts, foundations, estates, corporations and mutual funds. Both managers look to benefit from the CheckFree APL interfaces to Raymond James and outside sponsor programs. Awad and Eagle will also utilize CheckFree APL's trading, portfolio management and performance measurement/reporting capabilities.

Looking ahead, the firm plans to utilize CheckFree APL's multiple strategy portfolio (MSP) functionality as the Raymond James Consulting Services arm creates multiple-style accounts within its separate accounts product area. "CheckFree APL offers robust trading tools to efficiently trade multiple strategy portfolios across various sleeves," said Holland.

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 80 of the top Wall Street (sponsor) firms and 125 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. . .

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