CheckFree Deal Shows B of A High on E-Billing American Banker (10/04/00) Vol. 3, No. 5 p.23; Roth, Andrew
Bank of America is joining the small group of top U.S.
financial institutions--Chase, Bank One, FleetBoston and Wells
Fargo are the others--that provide electronic payment and
presentment services. Bank of America reached a strategic deal
with CheckFree, which gets a 10-year contract with the North
Carolina-based bank in exchange for 10 million shares in
CheckFree and warrants to purchase 10 million more.