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

To: StocksMan who wrote (20026)	4/16/2003 9:14:12 AM
From: StocksMan	Read Replies (1) \| Respond to of 20297

AcuPrint Technology and CheckFree to Bring Client-Side Positive Pay Solution To Commercial Customers Wednesday April 16, 9:00 am ET ATLANTA and CARLSBAD, Calif., April 16 /PRNewswire-FirstCall/ -- CheckFree Financial and Compliance Solutions, a business unit of CheckFree Corporation (Nasdaq: CKFR - News), and AcuPrint Technology today announced an agreement through which CheckFree will offer AcuPrint's client-side positive pay solution, SecurePay, to financial institutions' customers using CheckFree ARP/SMS, the Account Reconciliation Package/Service Management System. SecurePay can be integrated with CheckFree ARP/SMS to facilitate the initiation and delivery of positive pay files. By streamlining this process, more commercial customers can take advantage of positive pay services, thereby reducing risk of check fraud. The 2002 American Bankers Association Deposit Account Fraud Survey Report states, "All participants ranked 'positive pay' as the most effective fraud prevention method." The positive pay practice exchanges check data between the client and their bank before checks are released for payment. When presented, checks are matched with the positive pay data and identified for any possible fraudulent discrepancies. CheckFree is the premier provider of positive pay and account reconciliation systems to banks through the CheckFree ARP/SMS product line. CheckFree ARP/SMS is a fully integrated, online, real-time check and deposit reconciliation system. Using CheckFree ARP/SMS, a bank can provide various levels of reconciliation to a corporate customer, as well as other value-added services. With the positive pay feature, the core of ARP/SMS, banks can offer comprehensive positive pay services, both same-day and next day, to both full and also partial/paid customers. Along with extensive reconciliation services, the ARP/SMS solution provides comprehensive positive pay processing and reporting. With the real-time processing and posting capability in ARP/SMS, competitive and flexible positive pay services can be provided to the corporate marketplace. ARP/SMS is key in today's highly competitive marketplace in order to generate additional fee-based revenue. . . biz.yahoo.com