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To: StocksMan who wrote (19873)11/13/2002 12:04:38 PM
From: StocksMan  Read Replies (1) | Respond to of 20297
 
Sovereign Bank Selects CheckFree Software for Reconciliation of Commercial Accounts

Wednesday November 13, 11:58 am ET

Sovereign Expands Long-Standing CheckFree Relationship to Leverage Fraud Monitoring and Positive-Pay Functionality of the CheckFree ARP/SMS Solution

ATLANTA and NEW ORLEANS, Nov. 4 /PRNewswire-FirstCall/ -- AFP Annual Conference Booth # 1211 -- CheckFree Financial and Compliance Solutions, a business unit of CheckFree Corporation (Nasdaq: CKFR - News), today announced that Sovereign Bank has selected CheckFree ARP/SMS(TM), the account reconciliation system, to meet the demands of its growing commercial banking business with expanded positive pay service offerings.

Sovereign has increased its commercial accounts, adding volumes that required a comprehensive system to handle transactions, while also offering fraud protection to its valued corporate clients. After looking at available systems, Sovereign purchased ARP/SMS, building on its longstanding relationship with CheckFree. . .

biz.yahoo.com