CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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

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To: StocksMan who wrote (19893)	12/3/2002 10:36:25 AM
From: StocksMan	Read Replies (1) of 20297

Billserv Passes Billion Dollar Milestone in Payments Processed; 12-Month Processing Totals Over $1B Tuesday December 3, 10:00 am ET SAN ANTONIO, Dec. 3 /PRNewswire-FirstCall/ -- Billserv, Inc. (Nasdaq: BLLS - News) today announced that it has processed over $1 Billion in payment transactions in the past twelve months. With a monthly run rate growing from over $110 million, this suggests an annualized total of over $1.5 Billion. "Dollar volume processed is an important metric for analyzing our growth," said Louis Hoch, Billserv president and COO. "Consumer adoption, one of our primary client value components, is above national averages and leads to increasing payment volume. Because electronic payment processing is faster and more cost effective than traditional methods, our solutions produce improved bottom line savings for our clients and rising revenue for Billserv." The company's payment solutions include secure ACH and credit card processing, primarily in an "on us" model that allows consolidation of funds and a single daily remittance file that is used to accurately and efficiently update each clients' accounts receivable files. Whether in conjunction with presentment or in payment only solutions, Billserv's total monthly payment processing volume has grown by 171% over the previous twelve months. . . biz.yahoo.com

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