CheckFree Signs Deal With Firethorn

They'll deliver mobile-banking and bill-payment services to banks.
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CheckFree (CKFR) said Thursday it has signed a partnership agreement with Firethorn Holdings to deliver mobile-banking and bill-payment services to financial institutions.

The Norcross, Ga.-based company, a provider of financial electronic commerce services, said that the partnership will leverage Atlanta-based Firethorn's mobile banking and payments solution to enable consumers to use their mobile devices to view account balances, check credit card balances, transfer funds between accounts, and receive and pay household bills.

The new service is currently in use at a financial institution and will be generally available in early 2007, the company added.

"The new mobile banking and payment service will provide the most powerful, secure and flexible solution on the market," said the company. "Firethorn is an ideal partner to bring mobile connectivity to our electronic billing and payment processing services because their technology is uniquely designed to support use on virtually any mobile device. The mobile channel offers the exciting potential to increase the frequency of consumers' online banking and electronic bill payment usage, while helping banks, credit unions and other financial institutions build and retain more profitable relationships with their customers."

Shares of CheckFree closed down 85 cents, of 2.2%, to $38.53 Thursday.

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