Electronic billing firm CheckFree to cut 450 jobs

ATLANTA - CheckFree Corporation, which provides electronic payment services, said today it will consolidate some operations and eliminate 450 positions by this summer. <br> <br> CheckFree will close its Texas offices in Austin and Houston, putting about 150 people out of work. CheckFree will manage its electronic commerce business from offices in suburban Atlanta; suburban Chicago; Dublin, Ohio; and Phoenix. <br> <br> The company previously announced that it will close its customer operations center in San Francisco next month, laying off about 100 employees. <br> <br> About 150 more positions will be sliced through improved efficiencies in the electronic commerce division. CheckFree also will close its software division offices in Ann Arbor, Michigan, and Singapore. <br> <br> The cuts and consolidations are expected to save $30 million annually. <br> <br> The Atlanta-based company handles online bill payments for 5.9 million customers, and processes payments through 430 financial services firms.

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