Question-and-Answer Session
[Operator Instructions] And our first question comes from the line of Jim Kissane from Bank of America Security. Please go ahead.
James Kissane - Bank of America Security
Thanks, and good job guys. Just, George, just want to make clear that $1.23 is the right number to use for the base in calendar '07, right for continuing operations of FIS?
George Scanlon - Executive Vice President and Chief Financial Officer of Fidelity National Information Services, Inc.
Yes, that's correct, Jim.
James Kissane - Bank of America Security
Okay because the 8-K was confusing on Friday as it relates to that. The FX benefits in the quarter, can you break that out?
George Scanlon - Executive Vice President and Chief Financial Officer of Fidelity National Information Services, Inc.
Yes, we estimate that's about $20 million in the quarter and we think that will level off toward the balance of the year, but we did enjoy the benefit of the currency appreciation.
James Kissane - Bank of America Security
Okay. And Lee in terms of the check business, do you see it stabilizing in terms of revenue over the next year or so?
Lee A. Kennedy - President and Chief Executive Officer of Fidelity National Information Services, Inc.
Yes, actually we do. We think we're really... the downturn is going to slow. I think the profitability will remain fairly stable. We have a number of new models that we've introduced recently, Jim. We also have a series of larger retail merchants that have accepted price increases. So all-in-all, I think it's stable enough that we can kind on hold on to it for a while, and then we'll take a good look at the market as we move forward to see what we are going to do with that business.
James Kissane - Bank of America Security
Okay. And just an update on the e-Funds integration and the synergies being achieved?
Lee A. Kennedy - President and Chief Executive Officer of Fidelity National Information Services, Inc.
Jim, that's right on track. We'll have $35 million by year end and over $60 million by the end of next year. So on an cost basis, it's working out quite well. We've already realized wins as a result of the combination. We've been able to leverage existing customers on the risk management side of e-Funds and sell additional products into that base, including bill payment, including loyalty card programs, including debit card processing. So, we're doing fairly well in that respect and overall I'd say it's been a good combination and exactly what we expected.
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