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

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To: D Mueller who wrote (2146)1/30/1999 11:38:00 PM
From: Rusty Johnson  Read Replies (1) of 20297
 
Yahoo pays the bills

herring.com

By Owen Thomas
Red Herring Online
January 29, 1999

Want to get your bills online? If you Yahoo, you may be able to do so sooner than expected.

Yahoo (YHOO) and CheckFree (CKFR) have launched internal sites for a joint online bill payment venture.

Earlier this week, CheckFree announced it would spend $6 million on an Internet distribution contract, including $2 million in capital expenses.

"A deal with CheckFree and Yahoo was pretty clear to us," says Gary Craft, a digital commerce analyst at investment bank BancBoston Robertson Stephens.

DRESS REHEARSAL Friday morning, a Yahoo site at bills.yahoo.com offered to enroll users in a bill payment service.

"Bill Pay Enrollment: This is where we describe the service, and say all sorts of neat stuff," text on the page read. An invitation to sign users up was linked to a Web server located behind a firewall on a network controlled by CheckFree.

The Yahoo site was pulled down at approximately 11 a.m. Pacific time and replaced by a stock feature. Yahoo spokespeople would not comment on the company's plans for online bill payment or offer reasons why the site was changed.
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