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

To: Paul Franceus who wrote (12593)	12/7/1999 9:07:00 PM
From: zuma_rk	Read Replies (2) \| Respond to of 20297

Thanks to Dcappiello on Yahoo for this beauty. This is a MUST read. IMHO, this is, hands-down, the best indicator of Checkfree's lead over the so-called competition I have seen to date. Give me a break! There's more corrections here than news...Go, consortium, go...LOL biz.yahoo.com Tuesday December 7, 6:52 pm Eastern Time CORRECTED-Sun, Netscape bill software meets bank standard In Dec. 6 NEW YORK story headlined ``Sun, Netscape in online bill pact with three banks' please change headline to read ``Sun, Netscape bill software meets bank standard.' Please change first paragraph to read ``... said on Monday their online billing system was the first to meet standards set by a three-bank consortium for such software.' instead of ``...said on Monday they are joining with three of the top ten U.S. banks to create a single means for customers to pay bills online.' The second paragraph beginning, ``In the latest move...' should delete the phrase ``...they plan to announce' and substitute ``...said their Internet billing system will...' The third paragraph should read ``Sun and Netscape said First Union Corp. of Charlotte, N.C. is already using the system.' instead of ``Sun and Netscape said New York-based Chase Manhattan Corp. (NYSE:CMB - news), First Union Corp. (NYSE:FTU - news) of Charlotte, N.C. and San Francisco-headquartered Wells Fargo and Co. (NYSE:WFC - news) will use the system.' The fourth paragraph should read, ``First Union, together with partners Chase Manhattan Corp. (NYSE:CMB - news) of New York and San Francisco-headquartered Wells Fargo and Co. (NYSE:WFC - news) had previously formed...' instead of ``The three banks have formed...' (Company corrects details provided by a spokesman to clarify that Sun-Netscape's software is in use by one member of a three-bank consortium developing common standards for Internet bill payment, not all three banks) A corrected version follows: NEW YORK, Dec 3 (Reuters) - Sun Microsystems Inc. (NasdaqNM:SUNW - news) and ally Netscape, a unit of America Online Inc. (NYSE:AOL - news), said on Monday their online billing system was the first to meet standards set by a three-bank consortium for such software. In the latest move to simplify customer bill-payment using the Internet, the companies said their Internet billing will allow hundreds of thousands of online customers at the three banks to pay bills to the thousands of merchants prepared to handle such payments. Sun and Netscape said First Union Corp. (NYSE:FTU - news) of Charlotte, N.C. is already using the system. First Union, together with partners Chase Manhattan Corp. (NYSE:CMB - news) of New York and San Francisco-headquartered Wells Fargo and Co. (NYSE:WFC - news) had previously formed a consortium known as Spectrum to adopt a common approach for Internet bill presentation and payment. Sun and Netscape said in a statement they would offer their iPlanet BillerXpert Consolidator software for presenting and obtaining payment on bills to retail banks across the United States. The software is already in use by First Union and is the first software to support the Spectrum standard for Internet billing, the companies said. The Sun-Netscape software enables banks to send their corporate customers bills over the Web. Consumers can link to an online banking site to view a summary of bills from service providers such as telephone companies and utilities, and pay bills directly or request more details before settling a bill. Billers stand to benefit because they can reach customers more than once a month, and take advantage of the added connections to create further links with their customers. Currently, retail banks offer their consumers the ability to pay only a few of their bills online. Billers also can use Spectrum as a secure medium to send detailed information about a customer's account to the retail bank's site. This process is seamless to consumers, who simply logs on to their financial banking site to receive information on their accounts and bills. The Sun-Netscape software represents one piece of a puzzle by creating a software system banks can use to sign up customers and merchants. AOL also recently announced plans to develop the consumer market for such billing services by striking a deal with Intuit Inc. (NasdaqNM:INTU - news), the financial services software company, to offer a service for consumers to pay household bills online beginning in early 2000. Sun Microsystems, a leading provider of Internet hardware and software maker, is based in Palo Alto, Calif. America Online, the No. 1 Internet services company, is headquartered in Dulles, Va.