Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AugustWest who wrote (2861)	3/25/1998 12:52:00 PM
From: TLindt	Respond to of 8545

Expanding to businesses? Here's how they summed it up on 2/2/98... "The Crestar contract is a five-year extension of an existing relationship. CheckFree currently has contracts for home banking and bill payment processing with more than 290 financial institutions, including nine of the nation's top 10 banks, and 33 of the top 50 banks in the country." prnewswire.com:80/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/3-24-98/441308&EDATE= Crestar Introduces Online Banking Services for Small Business RICHMOND, Va., March 24 /PRNewswire/ -- Crestar Bank today announced the introduction of two online banking services designed specifically to meet the financial management needs of small business owners and managers. The new services, Crestar PC Banking For Business and Crestar Internet Inquiry For Business, extend to smaller companies, the level of convenience and service currently provided by online banking services designed for consumers and larger companies. Crestar PC Banking For Business provides small businesses with online access to their accounts at Crestar in a secure environment, 24 hours a day, using a private, dial-up network. It includes a number of services designed to assist small business owners and mangers in meeting their financial management responsibilities. These services include: * Instantaneous Account Verification, the ability to immediately check balances and confirm deposits and payments; * Easy Account Reconciliation, automated matching of cleared transactions, reducing the time required for business owners and managers to reconcile their accounts; * Funds Transfers, a capability that enables small businesses to transfer funds between Crestar business accounts, aiding cash flow management for smaller firms; * Online Bill Payments, permitting small businesses to pay regular or occasional bills automatically. Payments are automatically reflected in the customer's account register; and * Electronic Communication with Crestar in a secure electronic environment, around the clock. Crestar PC Banking For Business works with the most popular brands of personal and business financial management software including QuickBooks(R), QuickBooks Pro(TM), Quicken(R) or Microsoft(R) Money. The monthly fee is $9.95 and enrollment is required. Crestar Internet Inquiry For Business is a free service accessible through Crestar's Internet Web site at crestar.com. It enables businesses to check account balances or transactions and to review recent account activity. All information provided by the service is encrypted using the most recent and secure techniques to ensure the security of customer data. Craig Kelly, Group Executive Vice President in charge of Crestar's Strategic Marketing Group, said the introduction of Crestar PC Banking For Business and Crestar Internet Inquiry For Business underscores Crestar's ongoing effort to ensure that Crestar customers have a wide choice of convenient alternatives to use in accessing the bank. "Small business owners are busy running their companies, and these services offer the kind of flexibility they need to management their finances on a schedule that's convenient for them, not us." Crestar currently does business with some 80,000 small businesses, defined as businesses with annual sales of under $5 million. Crestar Bank is a unit of the $24.9 billion-asset Crestar Financial Corporation (NYSE: CF), based in Richmond, Virginia. Crestar offers a broad range of financial services to consumers, businesses, institutions and governmental customers in Virginia, Maryland and Washington, D.C. and in selected markets nationally. Crestar's multi-channel distribution system includes 566 banking locations and a complete range of 24-hour electronic banking alternatives such as telephone, PC and Internet banking. Other Crestar subsidiaries provide insurance, mortgage banking, equipment leasing and full-service securities and investment advisory services. SOURCE Crestar Bank CONTACT: Hilary Blackburn, Product Manager, 804-782-5094; or Tony Mattera, Corporate Communications, 804-782-7844; both of Crestar Web Site: crestar.com