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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Benny Baga who wrote (8618)7/31/1999 8:23:00 PM
From: jjs_ynot  Read Replies (2) of 20297
 
Benny,

Ther look to be problems with the mixed delivery mode.

1) Banks will cherry pick the "on us" payments (such as Bank One to Wingspan). They can then spread the other payments out through various channels, TP/INTF, Integrion, Exchange, CKFR and CKFR may provide on leg of all of these transactions but not know this is a Bank One customer.

2) The bank can collect the float on transactions and delay payments and clearing to collect overdraft fees, etc. which banks that I know are only too happy to sock to customers.

3) The bank can then blame electronic bill-pay and imply CKFR for the screw-up and the customer is never quite clear what channel the payment followed.

IMO the mixed delivery channel/mode is a problem, esp. if the banks keep a close hold on proprietary information on customer relationship. Without this information, it is very difficult to sort out transactions.

Dave
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