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Technology Stocks : CheckFree (CKFR)
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To: Charlie Smith who wrote (5998)7/21/1998 12:11:00 PM
From: Benny Baga   of 8545
 
Not to be late in this conversation, but just my 2 cents on E-Check.

I personally think E-check is a joke and will not work, it is a flawed process. It is designed around the banks current systems and not the consumer, and in reality can only be used for business to business transactions.

E-check is like upgrading of the pony express to the telegram, an improvement but not a real answer to the problem. CheckFree is a whole new system, like the Telephone. Apples and Oranges I know, but they are both fruit.

As far as the banks go, each have their own agenda. As long as NetBank and CompuBank keep chugging away, the big banks will have to act. The question is when and where.

Benny(IMHO)
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