Little news from CheckFree...Note up'ed sign billers to 60...
Thursday August 5, 6:30 am Eastern Time
Company Press Release
SOURCE: CheckFree Corporation
CheckFree Promotes Lewis, McCoy, and Olsen to EVP
ATLANTA, Aug. 5 /PRNewswire/ -- CheckFree (Nasdaq: CKFR - news), the leading provider of financial electronic commerce processing and electronic billing and payment (EBP), today announced that Matthew (Matt) S. Lewis, Randal (Randy) A. McCoy, and Stephen (Steve) Olsen each have been promoted from senior vice president to executive vice president of CheckFree's Electronic Commerce (EC) division. Lewis oversees CheckFree EC Product Management and Marketing, while McCoy and Olsen supervise the Company's electronic commerce and EBP products and services as head of EC Development and Chief Information Officer respectively.
All three executives will continue to report directly to CheckFree President and Chief Operating Officer Pete Sinisgalli.
''During CheckFree's fiscal 1999, Matt successfully established a core Product Management organization and began the process of centralizing all of these functions to ensure the Company meets its long-term objectives,'' said Sinisgalli. Lewis also successfully integrated Marketing efforts with Product Management.
Under McCoy's leadership, the EC division's software development group continued to deliver market-leading, quality products on very aggressive schedules. ''Randy's extensive knowledge of the electronic commerce processing industry is a tremendous asset to our development organization and to CheckFree overall,'' added Sinisgalli.
''Steve has successfully led our Information Technology Operations (ITO) group over the past year and has established the framework for our long-term technology infrastructure and operating practices. His proven ability to manage complex environments and establish operating disciplines will ensure we meet our quality objectives for the ITO organization,'' said Sinisgalli.
About CheckFree
Founded in 1981, CheckFree (www.checkfree.com ), the operating subsidiary of CheckFree Holdings Corporation, is the leading provider of financial electronic commerce services, software and related products. CheckFree designs, develops and markets services that enable nearly three million consumers to receive and pay bills over the Internet or electronically through a variety of bill aggregation points, including banks, brokerage firms, portals and interactive content sites on the Internet, and personal financial management (PFM) software. CheckFree's range of services and products are focused on enabling customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure Internet transactions.
After more than a year of beta testing, CheckFree launched the nation's first fully integrated electronic billing and payment solution, CheckFree E-Bill, in March of 1997. Today, the Company has multi-year contracts with more than 60 of the nation's top billers to provide online billing and payment through the CheckFree distribution network.
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