Well, what do you know, we can say something after all...
biz.yahoo.com
Tuesday November 23, 8:13 pm Eastern Time
Company Press Release
CheckFree To Provide Routing, Tracking and Infrastructure to Support Intuit's New Electronic Billing and Payment Service Offering
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 23, 1999--CheckFree Holdings Corporation (Nasdaq:CKFR - news) and Intuit (Nasdaq:INTU - news) today announced that CheckFree will be providing infrastructure for Intuit's recently announced electronic billing and payment services, including those offered across several America Online, Inc. brands.
CheckFree will provide the routing, tracking and payment engine to support Intuit's offering for CheckFree's billers. Checkfree will also provide the payment engine for the ``Pay Everyone' functionality that Intuit's new service will offer to consumers.
About CheckFree
CheckFree Corporation (www.checkfree.com), the operating subsidiary of CheckFree Holdings Corp., is the leading provider of financial electronic commerce services, software and related products. CheckFree designs, develops and markets services that enable three million consumers to receive and pay bills over the Internet or electronically.
Founded as an electronic payments processor in 1981, CheckFree launched the first fully integrated electronic billing and payment solution, CheckFree E-Bill, in March of 1997.
The Company has announced that as of Sept. 30, 1999, it had multi-year contracts with 77 of the nation's top billers to provide online billing and payment through its network of partnerships with consumer service providers (CSPs), including banks, brokerage firms, portals and interactive content sites on the Internet, and personal financial management (PFM) software.
CheckFree's full 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.
About Intuit
Intuit Inc. (Nasdaq:INTU - news), a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software.
Intuit's Quicken.com Web site (www.quicken.com) is a leading financial Web site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
This press release contains statements that are not purely historical, and as such are forward-looking statements under the Federal Securities laws. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve various risks inherent in the Company's business, and other risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. These include Form 10-K for the year ended June 30, 1998, filed September 25, 1998, and report filed on Form 10-Q for the quarter ended September 30, 1999, filed November 15, 1999. One or more of these factors have affected, and could in the future affect, the Company's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.
Contact: Ketchum\Thomas for Intuit
Mary Giani, 650/596-2700
mary@thomaspr.com
or
CheckFree
Terrie O'Hanlon, 678/375-1452
tohanlon@checkfree.com |
