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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Max Singer who wrote (10631)9/29/1999 8:18:00 AM
From: Rob C.   of 20297
 
Hehehe...

ATLANTA (Dow Jones)--CheckFree Holdings Corp. (CKFR) signed a three-year
agreement with Fleet Services Corp., a unit of Fleet Financial Group Inc. (FLT),
to provide expanded ACH system support through CheckFree's alliance services
platform.

Financial terms weren't disclosed.

In a press release Wednesday, CheckFree said the agreement with Fleet will
begin an "in-sourcing" relationship that will provide the bank with ACH services
and guaranteed regulatory clearance.

Fleet will have access to all current CheckFree-developed modules for the PEP+
ACH platform. CheckFree personnel will assist Fleet in the installation of any
requested modules, systems upgrades and regulatory enhancements.

CheckFree provides financial e-commerce services, software and products.

-Sam Favate; Dow Jones Newswires; 201-938-5400

(END) DOW JONES NEWS 09-29-99

07:28 AM

Copyright 1999 Dow Jones & Company, Inc.
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