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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Jon Stept who wrote (7872)7/9/1999 3:33:00 PM
From: Erik T  Read Replies (2) of 20297
 
MCI saves money via bill payment, without presentment, convinces me that payment is good without presentment.

Electronic payment is good without presentment. However, make the whole transaction electronic and the outcome is even better. Billers who send out paper bills have to get the billing data into a computer, then print out the bill, stuff an envelope, pay the postage and mail the bill. A fair amount of money and energry expended. This process can never be as efficient as a complete electronic offering. E-Bill takes the data from the computer and electronically moves it to the customer, and CKFR charges about $ 0.30 per bill, about the same as the postage alone. Billers who do it alone can do it for even less money, but miss out on distribution points: banks, portals. PMB.com just adds an additional step in an already comparatively inefficient process.

In addition, as far as billers go, they want to cross-sell other products with inserts in their paper bills or E-Bills. With E-Bills, there is even the chance a customer will visit their site more than once a month to check on the status of their account; can even start thinking about more directed cross-selling when the process is electronic; cannot do this with paper bills.

Erik (didn't mean to interrupt)
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