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

To: Benny Baga who wrote (3561)	4/27/1998 2:10:00 PM
From: Rob C.	Respond to of 8545

Great day for this release.... Quicken Software and Quicken.com Web site ATLANTA, April 27 /PRNewswire/ -- CheckFree Corporation (Nasdaq: CKFR) and Intuit Corporation (Nasdaq: INTU) announced today an agreement for CheckFree to provide electronic bill presentment and payment processing for Intuit's Quicken(R) personal financial management software and Quicken.com(TM) Web site. CheckFree is the exclusive major integrated bill presentment and payment provider to Intuit. Since December 1997, Quicken 98 for Windows customers have been able to both receive and pay their bills with a click of the mouse, enabled by CheckFree's behind-the-scenes processing. The best-selling personal financial management software in the country, Quicken enables online banking for more than a million consumers in the United States. Intuit's latest Quicken release gives customers convenient online access to their banking, credit card and investment account data using the Internet. In the future, electronic bill presentment and payment will also be featured at Quicken.com (www.quicken.com), the leading personal finance Web site which generates more than 70 million page views per day. Quicken.com helps consumers make confident investment decisions and manage their investments, and offers online banking, online tax filing and other personal finance management services. After receiving and processing billing information from its corporate customers, CheckFree will forward bill summary data to Quicken.com subscribers via the World Wide Web. Customers will log on to the site directly, or be directed there by their bank-branded Quicken 98 software package, and view and pay their bills electronically. "Today's announcement makes completely open bill presentment models a dead-solid certainty," said Peter J. Kight, chairman and chief executive officer of CheckFree. "In one fell swoop, we are enabling millions of endpoints for bill presentment." "The alliance with CheckFree is yet anotherexample of our commitment to provide the best online financial services available," said Eric Dunn, Senior Vice President and Chief Technology Officer at Intuit. "CheckFree continues to be the undisputed leader in advanced and reliable electronic bill presentment and payment processing." The only company with a proven, in-market tested solution for both electronic billing and payment, CheckFree has contracts with 23 of the nation's larger billers, as well as the largest statement processor and one of the leading credit card processors in the country, for electronic bill presentment. In addition, Atlanta-based CheckFree will soon announce the full market launch of bill presentment for some of the largest billers in the world. Combined, these billers represent nearly 400 million billing and payment transactions per month. About Intuit Intuit Inc., a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken.com Web site offers a complete set of personal financial news, information and tools, including the leading mutual fund and insurance sites. Intuit's products and services enable individuals, small businesses, and financial professionals to better manage their financial lives and businesses. About CheckFree Founded in 1981, CheckFree Corporation (www.checkfree.com) is the leading provider of financial 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 customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure transactions on the Internet. SOURCE CheckFree Corporation -0- 04/27/98 /CONTACT: Laurinda Wilson, CheckFree, 770-840-1608; email: lwilson@checkfree.com or Tracy Benelli, Intuit, 650-944-2774; email: tracy_benelli@intuit.com/ /Web site: checkfree.com quicken.com (CKFR INTU) CO: CheckFree Corporation; Intuit Inc. ST: Georgia IN: CPR FIN SU: KW -- ATM013 -- 2358 04/27/98 08:37 EDT prnewswire.com //Begin Meta Data// Selector Code: ..boc Copyright 1998, PR Newswire