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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Erik T who wrote (7801)7/8/1999 3:15:00 PM
From: Jon Stept  Read Replies (2) of 20297
 
Erik T, re:"Must be expensive to receive paper bills..."

Hi Erik,

PayMyBills also caught my attention, and I too wonder how their operation can reduce costs.

I would think when the bills are sent to them, possibly the bills are not sent in one bill, one envelope. Maybe they give you a name and id so that they get 100's of bills at once from one vendor, each unique based on your ID. Those are popped into a heavy duty scanner, it puts it in directory based on your ID.

And when they send out a payment, it is not one stamp, one payment. It is one stamp to many payments in a consolidated payment.

I think 95% of their bills would be handled this way. The bills from small businesses are a different story as they are handwritten a lot of times, and there are not many customers for each one. This will require a lot of manual labor. I would not be surprised if they outsource that or restrict it totally.

Just my bill-presentment opinion.

Jon :)
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