CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: TLindt who wrote (7325)	6/28/1999 3:45:00 PM
From: Harp	Read Replies (1) of 20297

I forgot about the Bank One and EDS deal... from the TEX announcement By forming The Exchange, the founding members are stepping forward to fill a significant gap in the electronic bill presentment market. The other players in the market today use a variety of proprietary systems. As the first organization to provide an open, interoperable mechanism for exchanging online bills, regardless of the technology employed by the individual members, The Exchange will make electronic billing a reality for the average American. The founding members of The Exchange will continue to select their own technology vendors and solutions. When CKFR responded to the TEX announcement they said we already do this... But, now looking back, I don't think they do? TEX also said The Exchange will function as a hub, allowing members to route electronic bills through a single connection to other members of The Exchange. The members receiving the bills will, in turn, deliver those bills to their customers who will pay them using their own financial institution, as they do today. "Easy access to a critical mass of billers and consumers is fundamental to the wide-scale growth of electronic bill presentment and payment," said Ronald Braco, chairperson of The Exchange's steering committee and senior vice president of Chase Manhattan. "By design, The Exchange will accelerate market growth by providing a single connection for millions of billers, small businesses and consumers to exchange billing information, regardless of the individual technology employed by the members." Seems like the banks are not really into the portal strategy! The question is if you build a switch will anyone use it?

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