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Technology Stocks : CheckFree(CKFR) news only

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To: AugustWest who wrote ()5/1/1999 12:46:00 AM
From: AugustWest  Read Replies (1) of 103
 
CheckFree Says Problem Nearly Fixed

ATLANTA (AP) -- CheckFree said Friday that it was almost glitch-free again after services were disrupted this week for some home-banking consumers.

Spokeswoman Stephanie Norton said the system was working at 98 percent capacity and the company expected to soon be operating without any problems.

She said technical staffers had identified a software application problem that caused up to 500,000 people who used Quicken or Microsoft Money software to face sporadic difficulty accessing their bank accounts or completing transactions.

Some 20 banks that had been switched to a new processing system over the last six months were affected in a problem that began showing up early Monday. Customers were advised to use paper checks or telephone or automatic tellers to make transactions if they were having problems.

CheckFree representatives will work with each bank to resolve any problems caused by late payments related to the glitch, the company said.

Based in Norcross, Ga., CheckFree Holdings Co. has some 2.8 million customers and helps provide electronic payment services at 350 institutions.

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