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

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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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To: StocksMan who wrote (20276)10/29/2004 9:30:50 AM
From: StocksMan
   of 20297
PayPal is sorry, but sorry isn’t good enough

PayPal offers some sellers a fee-free day, but many of the online payment service’s disgruntled users are not consoled.

October 28, 2004

PayPal dubbed Thursday “Thank You Day,” but the company’s irked customers called it “Thanks for nothing.”

To make up for millions of dollars that merchants couldn’t get to during the company’s five-day outage earlier this month, PayPal, purchased by eBay in 2002, announced that U.S.-based clients would not pay transaction fees as they funneled money through the largest online payment service in the world.

Many of the small retailers, non-profits, and eBay merchants - a total of 56.7 million users worldwide - said they lost access to unquantifiable sums of money and couldn’t do business during PayPal’s technical glitch.

“Recently, the PayPal site had technology issues that may have hindered your ability to conduct business using PayPal,” an announcement on PayPal’s site stated. “To apologize and to show appreciation to our PayPal customers for your continued business, PayPal is going to credit PayPal customers for PayPal transaction fees incurred on October 28, 2004, between 12:00:00 a.m. PDT and 11:59:59 p.m. PDT.”

The gesture was not well-received in many parts of the PayPal universe.

“This is an insult to the PayPal users’ intelligence,” said Tim Hendricks, an eBay seller based in Torrance, California. “To make up for Paypal’s issues, us users must make a payment or accept a payment with the time frame allowed to receive any compensation for Paypal’s huge mistakes. Let’s get real about this issue. How about refunding every sellers’ listing fees…for the almost two weeks the PayPal system would not work properly?”

About 630,000 transactions push $50 million through PayPal’s system every day, and PayPal gets to keep 2 to 3 percent of that amount plus an additional fee per transaction. Approximately 30 percent of PayPal’s business comes from international sellers and buyers who were not eligible to participate in “Thank You Day.”

American PayPal clients said their foreign counterparts weren’t missing much and that the timing of “Thank You Day” seemed geared to benefit PayPal, not the clients.

“Don't think some brainiac didn’t sit around analyzing the best day of the week to offer this to have the least impact on the bottom-line,” said Jeff Smith, another eBay seller.

PayPal officials declined to answer questions about the timing or the strategy behind “Thank You Day,” but said client complaints are to be expected during technical problems.

“We understand that people are obviously upset by this,” said PayPal spokeswoman Sara Bettencourt. “We know these site issues were a big inconvenience to our customers. That’s why we’re doing this, to thank our customers for their patience and to apologize to them.”

PayPal doesn’t have to worry about losing disgruntled customers. Even if PayPal clients wanted to take their business elsewhere, there is no equivalent alternative.

“Drop PayPal? I’ve thought about it,” wrote an eBay seller who identified himself as Autochains. “I would have to say 75 percent of my buyers use PayPal, so if I were to just stop accepting them, I would think I’d lose a good percentage of my business.”

Industry analyst Steve Weinstein said the angry clients are a “vocal minority” who will not affect PayPal’s business in the market. In 2004, the number of PayPal’s users increased by 61 percent over the previous year. In the third quarter of this year, eBay, based in San Jose, California, had net revenues of $805.9 million.

“eBay built an incredibly efficient platform for a lot of sellers and has created an opportunity for them to do business,” said Mr. Weinstein, an analyst with Pacific Crest Securities. “There are no viable alternatives to sellers - for larger sellers who take credit cards, sure - but this is not an opportunity for anyone to step in on PayPal’s area.”

This week, Yahoo! announced the shutdown of its person-to-person online payment service Pay Direct due to a lack of users. Analysts said PayPal’s popularity contributed to PayDirect's demise.

Mr. Weinstein said that because of the relative youth of eBay and PayPal, problems are an inevitable part of growing up.

“These aren’t systems that have been in place for years and years and years,” Mr. Weinstein said. “I understand why people are upset, but it is still the best platform. Despite this problem, eBay and PayPal are still the best opportunity for smaller merchants.”

While analysts opined about growing pains, PayPal clients ranted on eBay discussion forums, their venom directed straight at PayPal.

“Talk about a slap in the face,” one user posted. “I had no access to my money when I needed it most. So far I’ve had one PayPal transaction today. How is that going to make up for that horrible weekend?”

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To: StocksMan who wrote (20277)11/8/2004 9:30:05 AM
From: StocksMan
   of 20297
Fifth Third Bank Selects CheckFree(R) PEP+(R) For Scalable, Reliable Automated Clearing House Processing

Monday November 8, 9:00 am ET

-- With the addition of Fifth Third as a CheckFree PEP+ customer, CheckFree claims 20 of the top 25 ACH originators among its customer base --

ATLANTA, Nov. 8 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that Fifth Third Bank (Nasdaq: FITB - News) will deploy CheckFree PEP+ to provide a more efficient and customer-service-oriented Automated Clearing House (ACH) processing solution for its corporate customers. Fifth Third Bank, a leading financial services company, will use PEP+ to provide an online, real-time processing platform that enables the origination and receipt of electronic payments through the ACH.

Fifth Third Bank operates 17 affiliate banks with over 1,000 full-service banking centers and ATM operations in Ohio, Kentucky, Indiana, Michigan, Illinois, West Virginia, Florida and Tennessee. Fifth Third currently uses CheckFree ARP/SMS(TM), a real-time check and deposit reconciliation system and CheckFree Frontier(TM) reconciliations solution to drive operational efficiency, reduce costs and provide greater control over risk management. With both Frontier and PEP+, Fifth Third can better manage transaction volumes, increase efficiency and improve customer service.

"With the growing number of ACH transactions, Fifth Third needed a reliable, scalable platform to handle our volume today and serve as a foundation for future growth. PEP+ fit the bill," said Mary Jane Kelley, Director of Treasury Management at Fifth Third Bank. "Fifth Third continues to broaden its service offerings for our customers by expanding our relationship with CheckFree Software to provide quicker processing and an integrated solution."

CheckFree Software offers superior functionality, automating virtually every step in ACH processing, resulting in greater efficiency and customer service capability. Key PEP+ features include: online access and control for self-service and efficiency, risk management, multi-institutional processing, automated stop payments, automated scheduling, debit authorization and protection and automated settlement and returns.

"More than two-thirds of the nation's 10 billion ACH payments are currently processed using PEP+ software," said Denny Oswalt, Senior Vice President and General Manager of North American Operations for CheckFree Software. "By leveraging CheckFree Software's expertise in this area, a company, such as Fifth Third Bank, can realize improved flexibility, reliability and cost efficiency with its streamlined process. . ."

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To: StocksMan who wrote (20278)11/9/2004 12:00:19 PM
From: StocksMan
   of 20297
CheckFree Software Announces CheckFree Payee Verification(TM) Providing Cost Savings for Financial Institutions and Their Customers

Tuesday November 9, 9:01 am ET

-- CheckFree Payee Verification Offers a Fraud Protection and Positive Pay Solution That Increases Security and Reduces the Risk of Check Fraud --

SAN DIEGO, Nov. 9 /PRNewswire-FirstCall/ -- AFP Annual Conference Booth# 1613 -- CheckFree Software, a business of CheckFree Corporation (Nasdaq: CKFR - News), today announced the availability of CheckFree Payee Verification at The Association for Financial Professionals (AFP) 2004 annual conference. CheckFree Payee Verification provides financial institutions with a new tool to protect against check fraud and expands the positive pay services offered to their commercial customers.

Industry organizations estimate check fraud costs companies millions of dollars annually. For 35 years, CheckFree pioneered and innovated positive pay solutions that matched a corporate customer's check issue file with a physical check by using payment amount or check number. Now forgers have begun to alter the payee name on a check to get stolen or duplicated checks processed. The new CheckFree Payee Verification module can significantly reduce the risks to financial institutions and their commercial customers by using image capture technology to pull payee names off of check images.

Payee Verification is integrated with CheckFree's ARP/SMS (Account Reconciliation Package/Service Management System), a check reconciliation and positive pay solution. This new module is integrated with the CheckFree ARP/SMS solution to provide additional fraud protection and positive pay services as well as the ability to specifically reconcile and match the payee name. This enhanced cash management/positive pay tool allows banks to identify altered or unmatched payee paid exception items. If the results conclude the check has been changed or added to, it is rejected as an exception and may be presented to the company for a "pay" or "return" decision with no loss to the customer or the bank.

"With CheckFree Payee Verification, check forgers will not be able to pass checks that do not match bank and merchant data," said Denny Oswalt, senior vice president, North American operations for CheckFree Software. "CheckFree has added Payee Verification to our fraud protection suite of services to protect a bank and its corporate customers and significantly reduce their financial losses."

Product Availability

CheckFree Payee Verification is available as an add-on module to CheckFree's ARP/SMS application beginning December 31, 2004. . .

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