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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Benny Baga who wrote (432)5/6/1998 11:39:00 AM
From: TLindt  Read Replies (1) of 2414
 
Being an avid CheckFree supporter to say the least...the numbers I found most interesting were these...From CheckFrees' conference call.

The Top 10 Banks experienced 5% sequential growth in the number of On Line Customers.

The Rest of the Banks experience 12% sequential growth in the number of On Line Customer.

Most importantly all these Brick & Mortar Banks...are not really adding customers....for CheckFree they are Adds....but really they are "converting" customers from Paper Based to e-Comm. Based.

Now then this Bank Grows Customers 18% in a Month? There is no conversion here...and they are beating the Brick & Mortar Bank conversion rates by 5 to 14 Times....not bad.

And for those who don't follow CheckFree the 10 Top Banks under built there On Line systems(hit the 250,000-300,000 customer level and filled up)....so they are slowed down until the Fall of 1998...as they beef up their systems.

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