CheckFree forms alliance with Charles Schwab

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CheckFree Corp. formed an agreement with Charles Schwab & Co. to provide bill payment processing for the financial services company's customers. Schwab will allow its customers to pay bills through the SchwabNOW! Web site or by Touch-Tone telephone. CheckFree will provide the bill payment services as well as technical and customer support. Atlanta-based CheckFree now has contracts for home banking and bill payment transaction processing for 18 of the top 25 banks in the U.S.

Copyright June 1997, Crain Communications Inc.

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