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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 (20128)	9/15/2003 9:39:34 AM
From: StocksMan	Read Replies (1) \| Respond to of 20297

CheckFree Financial and Compliance Solutions Expands Presence in Europe to Market New Enterprise Reconciliation Solutions Monday September 15, 9:30 am ET ATLANTA and LONDON, Sept. 15 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) today announced that it is expanding its presence in London, UK. CheckFree Financial and Compliance Solutions (CFACS) will be joining another business unit in CheckFree's Software Division, CheckFree i-Solutions, the market-leading e-billing solution provider that has been operating in Europe since 1999. By expanding its portfolio of financial technology solutions into EMEA and Asia Pacific, CheckFree will provide direct access to its market-leading payments and securities settlement solutions, along with the expertise able to meet the evolving needs of the international market. At the core of CFACS' expansion strategy is its flagship enterprise reconciliation solution, CheckFree RECON-Plus Frontier(TM). The timing of Frontier's release in Europe is planned to address the realities of today's cost-conscious economy, which is increasingly forcing institutions to improve their operational efficiency. In a recent report, Financial Insights, an IDC company, states: "The reduction of operating expenses and the desire to increase operational efficiency is at the top of the to-do list at most institutions worldwide. Disconnected processes brought on by a flurry of past mergers and acquisitions and irrational infrastructure growth have made reconciliation a prime renovation target."* Says Mark Zill, senior vice-president and general manager of CFACS, "CheckFree software customers already include a number of world-class European financial institutions and corporations including Merrill Lynch, International Financial Data Services, Franklin Templeton Investments, ASDA (part of the Wal-Mart family) and many others. As a result, we are experienced in dealing with the latest European regulatory requirements such as cross-border payments, as well as the complex variables that affect the transaction settlement environment. Given the speed of change within the financial services community, and the current emphasis on operational efficiency, we feel that our new Frontier enterprise platform gives us a competitive edge in meeting new industry requirements. . ." biz.yahoo.com