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Technology Stocks : CheckFree (CKFR)

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To: chirodoc who wrote (216)7/28/1997 9:02:00 PM
From: Jumper   of 8545
 
No big deal...only a HUGE new client...

pcquote.newsalert.com

Access Bills on PC Screens and Pay with the Touch of a Button

International Billing Services (IBS), a subsidiary of USCS International Nasdaq: USCS), today announced the formation of a strategic alliance to bring CheckFree's electronic bill presentation and payment service, CheckFree E-Bill, to customers of IBS' statement processing services.

IBS will use its internally developed software to convert a variety of legacy statement data streams into complete, interactive web-based statements. Through CheckFree's new E-Bill service, consumers will be able to visit a single financial institution Web site to both receive and pay bills electronically on their personal computers. Customers using CheckFree E-Bill will receive full-color electronic bills -- complete with graphics, logos and full billing detail -- on their PC screens. The customers can then pay the bills with the touch of a button.

-pilot service this fall
-general vailability Q1 '98
-based on the Open Financial Exchange (OFX)

"Becoming the first major statement processing services provider to offer electronic bill presentation...essential for CheckFree as we rapidly expand our base of participating billers" Kyte

International Billing Services is the leading provider of complete statement processing solutions for the communications industry and is a USCS International company. USCS International offers customer management software and statement processing solutions to the global communications marketplace. In the United States, the company currently serves:

58 percent of all cable television subscribers;
39 percent of all cellular telephone subscribers; and
11 percent of all landline telephone subscribers.
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