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

To: micny who wrote (2992)	3/31/1998 9:05:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 8545

CheckFree news: Rittenhouse Financial Services Extends Partnership With CheckFree CheckFree's APL Wrap to continue to provide portfolio accounting services ATLANTA (March 24, 1998) -- CheckFree (NASDAQ:CKFR) today announced a 3-year contract extension with Radnor, Pennsylvania-based Rittenhouse Financial Services, Inc. Through the agreement, CheckFree's Investment Services division will continue to provide Rittenhouse with portfolio accounting services for its wrap program. Currently, CheckFree's APL WRAP service provides Rittenhouse with interface data links that allow for back office posting, account tracking and trade automation. In addition, managers at Rittenhouse have access to enhanced reporting features including real-time portfolio tax lot information and updated performance measurement data. According to Jamie Waller, head of Business Development and Sales for CheckFree Investment Services, "Our relationship with Rittenhouse has been perceived as a strong working partnership from day one. We are pleased and excited to have played a part in the tremendous growth they have experienced since coming on board, and we look forward to continuing that." "Our partnership with CheckFree has provided Rittenhouse with the portfolio management automation necessary to support our growth and success - allowing us to turn our focus away from managing processes, and towards our greatest strength, managing assets," said Diane Goldstein, Vice President of Operations for Rittenhouse. Founded in 1979, Rittenhouse (www.rittenhousefinancial.com) is an SEC registered investment advisor managing more than $10 billion in equity and balanced assets. Rittenhouse provides investment management and related financial services for individuals, foundations, 401(K) and pension plans. CheckFree Investment Services currently offers APL and APL WRAP WRAP, which includes portfolio accounting, performance measurement, trading and reporting systems to financial institutions. APL and APL WRAP are currently used by more than 215 institutions managing over 430,000 portfolios and $250 billion in assets. About CheckFree Founded in 1981, CheckFree Corporation (www.checkfree.com) is a wholly owned subsidiary of CheckFree Holdings Corporation and is the leading provider of electronic commerce services, software and related products for more than 2.2 million consumers, 1,000 businesses and 850 financial institutions. CheckFree designs, develops and markets services that enable its members to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure transactions on the Internet.