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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: micny who wrote (1890)	1/27/1999 8:21:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 20297

Checkfree in Deal with Internet Portal January 27, 1999 ATLANTA, American Banker : Checkfree Corp. said it has signed an agreement with an undisclosed Internet portal to let its users receive and pay bills on-line. Matt Lewis, a Checkfree senior vice president, said he wouldn't disclose the name of the "large Internet portal" until a service is ready for commercial release. Avivah Litan, a research director at Gartner Group, said in an interview that "my information is that it is Yahoo." Heather Bellini, an analyst at Lehman Bothers, said such a deal would signal a change in Checkfree's business strategy of working closely with its banks. Shares of Checkfree's stock rose 21% Monday and 5% Tuesday on speculation surrounding the deal, which was originally reported in Atlanta Journal- Constitution. Checkfree's closing stock price of $36.125 Tuesday represents a 55% increase through January. Steven Marjanovic [Copyright 1999, American Banker]

To: micny who wrote (1890)	1/27/1999 8:24:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 20297

Pay-Anyone Power: Crucial Or So-What? January 27, 1999 American Banker : Checkfree Corp. claims to have an advantage in the emerging bill presentment market because it can "pay anyone." Transpoint says that doesn't matter. Being able to pay anyone requires cutting checks to payees who are not on- line. Even after more than 10 years in the electronic bill payment business, Checkfree still executes about half of its payments with paper. "One of Checkfree's core strengths is the experience it has in writing paper checks for customers," said Christopher E. Musto, senior analyst at Gomez Advisors, Concord, Mass. To match Checkfree's pay-anyone utility, the original owners of the Transpoint bill presentment venture, Microsoft Corp. and First Data Corp., brought in Citigroup as an equity investor in September. The industry took the move to mean they wanted to rely on Citigroup's pay-anyone services. But Matt Cone, Transpoint's vice president of business development, said Citigroup's involvement "has nothing to do with presentment. We don't need to be successful in pay-anyone to be successful in presentment." In their decision-making, bankers should view Transpoint's pay-anyone and presentment services as two independent issues, Mr. Cone said. Copyright c 1999 American Banker, Inc. All Rights Reserved.