SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: StocksMan who wrote (19963)1/28/2003 5:33:36 PM
From: StocksMan  Read Replies (1) of 20297
 
State Street Research & Management Invests in CheckFree RECON Securities For Reconciliation Processes

Tuesday January 28, 5:12 pm ET

ATLANTA, Jan. 28 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) today announced that State Street Research & Management Company, one of the nation's oldest investment managers, takes a lead in achieving straight through processing (STP) procedures, by utilizing CheckFree RECON Securities(TM) to streamline its cash and securities transaction reconciliation processes.

Prior to going live with CheckFree's automated solution, State Street parallel tested RECON Securities over an eight-week period against it own manual process. At State Street, RECON Securities interfaces to Thomson Financial's investment-accounting solution, Portia. Portia receives files then matches the files to State Street's custodians, via a DTC hub into RECON Securities.

To accomplish an even higher level of efficiency, State Street implemented RECON Securities to accommodate the many changing and future message standards and increased speed requirements of straight through processing, such as exception management and resolution. RECON Securities gives State Street a competitive advantage by managing transactions as they progress through the STP pipeline and by seamlessly interfacing with the firms' existing systems. . .

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News