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Technology Stocks : CDDD

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To: jjs64 who wrote (892)3/20/2002 12:16:31 AM
From: StockDung   of 924
 
The Check Is in the E-Mail

"The check is in the mail" is a popular method of payment -- and a popular excuse to explain a delay. But thanks to the software company Comfinity, that soon may become "the check is in the e-mail" -- and the excuse could go out of business.

It sounds like a sort of modern Western Union, but Comfinity says it has found a way to send money by e-mail, or rather, via e-mail messages. Anyone wishing to send funds this way would register with PayPal, so the firm would know which account the cash was coming from.

As PayPal says, "just enter the recipient's e-mail address and the amount, and you are ready to beam money." When the recipient gets the message, he or she completes a one-page register at PayPal and names an account to which the money will be credited.

Experts say the system should allow users to send money in this way from palmtop computers or even between cellphones. PayPal swears its "strong encryption keeps your money safe and secure -- and a contract with every user protects your privacy."

Keep a close grip on your money this Christmas. Check out the Net Values newsletter. Subscribe at the ThirdAge Newsstand.
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