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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (9853)	9/9/1999 7:38:00 AM
From: AugustWest	Respond to of 20297

CheckFree Starts Bill-Payment With Yahoo!, Seeks More (Update3) Bloomberg News September 8, 1999, 2:55 p.m. PT CheckFree Starts Bill-Payment With Yahoo!, Seeks More (Update3) (Updates weekly change in 2nd paragraph.) Norcross, Georgia, Sept. 8 (Bloomberg) -- CheckFree Holdings Corp. has begun allowing users of Yahoo! Inc.'s Internet-search service to pay their bills online under an agreement announced earlier this year. CheckFree shares had risen 29 percent in the last week before today on optimism it will form more partnerships with leading Internet sites to reach millions of Web users. Norcross, Georgia-based CheckFree expects Internet partnerships such as the one with Yahoo, the largest search site, will add 1 million bill-payment customers in the next year to the 3 million it already has, said Ravi Ganesan, chief technology officer. The company could double last year's $169 million in electronic-commerce revenues in the next two and a half years, largely because of the Yahoo partnership, said Robert Bolen, an analyst at J.C. Bradford & Co. CheckFree had overall revenue of $250 million in the fiscal year ended June 30. ''It's absolutely spot-on the type of consumer CheckFree's been trying to get all these years, an Internet-savvy person who's trying to simplify their lives,'' said Bolen. America Online CheckFree may extend the service to America Online Inc., the biggest online service, within two months, Bolen said. ''If you've got Yahoo and AOL, you've got a lot of the online elite, so to speak.'' CheckFree's Ganesan wouldn't comment on AOL but said the company expects to add two more Internet partners by the end of the year. AOL officials couldn't immediately be reached for comment. Santa Clara, California-based Yahoo has been adding more business services to bolster revenue beyond advertising, its main source of revenue. The new Yahoo Bill Pay service will allow users to electronically pay any U.S. biller. Billers, such as landlords and paper boys, who aren't able to accept electronic payments will be mailed a paper check by CheckFree. The cost of the service to users varies depending on whether they plan to pay several bills online. It costs $2 a month, plus 40 cents per payment, or users who plan to pay a lot of bills can pay $7.00 a month for as many as 25 payments, and 40 cents for each payment thereafter, Yahoo said. The number of households paying their bills via the Internet is expected to grow to more than 18 million in 2003 from 1.8 million currently, according to market researcher Jupiter Communications Inc. CheckFree fell 2 1/16 to 35 3/4. Yahoo fell 1 9/16 to 153 7/16. news.com

To: Benny Baga who wrote (9853)	9/9/1999 8:20:00 AM
From: micny	Read Replies (3) \| Respond to of 20297

PC World News: Paying Bills Made Slightly Less Painful "To use the service, you'll need to register for a Yahoo ID and Security Key (which is like a PIN code), then create a list of your bills, payees, and payment dates on CheckFree. You also need to make sure your bank supports online bill-paying. Did the author just IMAGINE this? Then, you can designate payments as recurring or not. The site remembers most of the details of recurring payments, so usually, you need only enter the new check amount to have an online payment or a check sent to a creditor and a like amount deducted from the bank account you designate. At the end of the month, it shows up on your bank statement. And I'm sure this was part of the CKFR info materials!