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

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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. . ."

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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. . .

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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. . ."

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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 .

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 .

* CheckFree conference call

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

* Conference call number 1-877-232-1067 or

* Digital replay available at

Source: CheckFree Corporation

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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, 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 ( 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. . .

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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 . 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. . .

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To: StocksMan who wrote (20265)10/11/2004 9:13:47 AM
From: StocksMan
   of 20297
CheckFree Announces Agreement to Provide Real Time Reconciliation for Cable & Wireless Real Time Nostro Data Feed

Monday October 11, 9:01 am ET

ATLANTA and LONDON, Oct. 11 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree (Nasdaq: CKFR - News), today announced an agreement with Cable & Wireless, the international communications group, to support its Real Time Nostro (RTN) service. This collaboration will enable users of CheckFree cash and securities reconciliation solutions, such as CheckFree Frontier(TM), to reconcile nostro account data in real time using the Cable & Wireless Real Time Nostro service, helping member banks to reconcile their currency positions in real time, reducing liquidity risk and improving operational efficiencies.

Steve Engdahl, vice president of product management, CheckFree Software explains: "The Cable & Wireless RTN data service will give our customers real time access to their current correspondent bank activity and positions. The ability to run their CheckFree Software reconciliation and exception management operations in real time, alongside live RTN data, has significant benefits. It will enable users to reconcile positions instantaneously against their internal back office systems to manage their currency positions more effectively than ever before."

Gerard P. Hammarlund, head of sales, Cable & Wireless Real Time Nostro, commented: "As the world becomes increasingly interconnected, banks and their counterparties have an ever greater need for real time information in a uniform format, and this is what our RTN feed provides. When combined with CheckFree's real time reconciliation capabilities, a powerful set of tools is created for the banks to enhance customer service and improve liquidity management."

Randy McCoy, executive vice president and general manager of CheckFree Software, adds: "CheckFree's agreement with Cable & Wireless is another major step in our continuing commitment to the development of leading edge reconciliation and STP technology. This relationship promises to deliver industry-leading risk management and operational benefits to our financial services customers."

Whether users are downloading RTN data periodically or accessing it live throughout the day, CheckFree Frontier can be running in the background to catch exceptions early in the cycle and speed up the back office settlement process. And because CheckFree's flagship reconciliation solution is STP- enabled, this data can then be made instantly accessible to the banks' departmental or global offices for a real time view of their cash positions -- anywhere, anytime. This capability promises to have a positive impact on both operational risk management and liquidity optimisation.

CheckFree Frontier, the product of 35 years of technology leadership, provides a single scalable platform for enterprise reconciliation operations across multiple lines of business. Its centralised infrastructure ensures fast deployment, central financial and management control and ensures that best- practice processes are enforced across the operation in compliance with Sarbanes Oxley, Basel II and other regulatory initiatives. Frontier's comprehensive reservoir of real-time decision data and reliable metrics provides a powerful operational control tool, giving it a strategic place in the global operation. . .

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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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