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

To: Benny Baga who wrote (5197)	4/30/1999 3:14:00 PM
From: CAPT TONY	Respond to of 20297

Glitch update: =CheckFree Says Its Online Woes Could Be Gone Friday Dow Jones News Service via Dow Jones By Johanna Bennett NEW YORK (Dow Jones)--CheckFree Holdings Corp.'s (CKFR) computer problems, which hindered online banking this week for some customers at more than 20 financial institutions nationwide, appeared to be almost solved. CheckFree spokeswoman Stephanie Norton said Friday that the system was back at 98% capacity. The company expected to issue an announcement sometime late Friday afternoon that the system was operating at full capacity. "We are hopeful," Norton said. The trouble was first noticed Monday as customers with accounts at 21 banks who pay their household bills electronically using Microsoft Inc.'s (MSFT) Money and Intuit Inc.'s (INTU) Quicken - two personal finance software products - began having intermittent problems logging onto their their bill-paying systems and completing transactions. CheckFree, a Norcross, Ga., company, designs, develops and markets services that allow customers to make electronic payments, collections and other transactions on the Web. The problem was a software glitch in CheckFree's new Genesis transaction processing system, which so far handles 21 of the company's 350 client banks, including Wells Fargo & Co. (WFC) and First Union Corp. (FTU). According to some figures, the system's problems could have affected 400,000 to 500,000 customers. (MORE) DOW JONES NEWS 04-30-99 03:00 PM