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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: g_m10 who wrote (840)	12/2/1997 12:45:00 PM
From: g_m10	Respond to of 8545

NEW ORLEANS, Dec. 2 Today the Integrion Financial Network and CheckFree Corporation (Nasdaq: CKFR) rolled out the Interactive Financial Service (IFS)/CheckFree solution for electronic banking, billing and payment to attendees of the Retail Delivery Show (RDS '97). IFS is a cost effective middleware platform that supports home banking services, network infrastructure and front-end connectivity, and access to the CheckFree processing infrastructure for electronic billing and payment and end-to-end customer care support. "Through Integrion, America's financial institutions have an opportunity to define the way in which financial electronic commerce occurs," said Pete Kight, chairman and CEO of CheckFree. "The sooner banks are up and running on IFS, the sooner they will enjoy the cost efficiencies and service enhancements of the combined Integrion and CheckFree alliance and the sooner they will be able to offer value-added services to their customers." Within the first half of 1998, IFS will be seamlessly connected with the CheckFree processing engine to ensure that high quality, efficient electronic billing, payment and customer care can be provided as an integral service of IFS. Also in 1998, banks using IFS will be the first to offer their customers fully integrated electronic banking, billing, and payment services developed by CheckFree and Integrion. "Once a bank is up and running with IFS, the standardized message format and access to high quality, large scale processing will lower individual bank costs," said Bill Fenimore, managing director of Integrion. "From that point on, all system or product enhancements will be seamlessly upgraded within the IFS platform, with no work on the bank's part."