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Draper Fisher, RRE, First Data plug $18M into Achex

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Redwood City, Calif.--Draper Fisher Jurvetson, RRE Ventures and First Data Corp. led an $18 million investment in Achex Inc., a South San Francisco, Calif-based b-to-b and business-to-consumer Internet payment company. Internet payments are a booming area dominated by Checkfree Holdings Corp. and banks. Former American Express Co. CEO James D. Robinson III owns part of RRE, a New York-based venture capital company.
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