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CheckFree: A Payments Revolution 25 Years in The Making

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Holly Sraeel reports for Bank Technology News on CheckFree's twenty-five year history in electronic payments.

In spite of rivals such as TransPoint (a for-profit company formed in 1997 by Microsoft, First Data and Citibank and later acquired by CheckFree) and skepticism early on among bankers, CheckFree stayed its course-blocking and tackling along the way, if necessary-through the Internet economy days. Kight's diligence and CheckFree's dominance have paid off, giving rise to a market once thought of as improbable: a world where money moves electronically.



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