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Technology Stocks : CheckFree (CKFR)
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To: D Mueller who wrote (5653)7/7/1998 11:05:00 PM
From: BitWizrd   of 8545
 
>>>It turns out that it was not Checkfree's problem, or at least they were not the cause of it. They said they tracked the payment to the biller and that the payment had been bundled with others for payment on that date.

<<<

Sometimes CheckFree sends a paper check with payments for up to 30 customers who happen to have selected the same payment date. It happens rather a lot for big merchants who are nonetheless unable to receive payments electronically. It comes with a list of the customers and how the aggregate credit should be distributed across the group of payers.

This is a very manual process for billers, and they hate these check-and-list payments because they are expensive to post. You're right, this was Frontier's fault, but I sure wish there was a way to motivate these guys to receive electronically.

Regards.
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