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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 (20129)	9/16/2003 9:46:44 AM
From: StocksMan	Respond to of 20297

OPEX and CheckFree Announce Product Certification for Account Receivables Conversion Tuesday September 16, 9:30 am ET -- OPEX's Mail Opening and Extraction Solutions Combined with CheckFree's PEP+ reACH(TM) Creates a Comprehensive and Efficient End-to-End Account Receivables Conversion Solution -- ATLANTA and MOORESTOWN, N.J., Sept. 16 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) and OPEX Corporation, a worldwide manufacturer of mail processing equipment, today announced that the companies have completed integration of CheckFree's PEP+ reACH(TM), an account receivables conversion (ARC) solution, for customers that use OPEX's System 150/IEM. With the integration, OPEX's users can quickly deploy accounts receivable check conversion with financial institutions offering ARC services based on CheckFree's PEP+ reACH solution. By collaborating with CheckFree, the market leader in Automated Clearing House (ACH) solutions, OPEX's customers can benefit from the efficiencies available by converting checks into ACH transactions, thereby eliminating paper at the first point of contact: mail opening and extraction at the lockbox. Equally important, the technology integration allows billers to leverage existing ACH processes and systems currently managed by commercial banks. Today, the majority of the top 50 banks use CheckFree's PEP+ for core ACH processing, settlement and exception management. By coupling ARC check conversion with the leading ACH processing platform, OPEX customers that use PEP+ reACH eliminate the need for additional staff and systems to manage ACH payment processes and compliance. "The integration with OPEX is a major step forward for the transition of high-volume remittance operations to new, more efficient payment methodologies," said Denny Oswalt, senior vice president and general manager of CheckFree ACH Solutions business unit. "CheckFree PEP+ reACH incorporates over 20 years of experience and accumulated information from the creation of consumer debits from check data. This extensive database ensures high quality for check conversion, measured by low administrative return rates and maximum conversion of eligible items. . ." biz.yahoo.com