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: micny who wrote (8922)	8/10/1999 12:18:00 PM
From: Benny Baga	Read Replies (2) of 20297

For documentation purposes.... August 1999 Future Banker [sections from:The Exchange Takes on CheckFree] ..."What the banks are waking up to Litan says is that wholesale customers view EBP&P as an extension of the cash management services long the bailiwick of financial institutions. "Bank of America, First Union, Chase, they're starting to offer biller services whereby they say to the billers give us your data in summary file and we'll host it for you and make sure as many consumers as possible see this". The post office model, which is what The Exchange is using is just a directory, so there really is no need for anyone in the middle of the process other than software, says Litan. "So instead of Yahoo! going to CheckFree to get that list of bills, there will be a directory [with] the bank routing number for biller and bank routing number for the consumer. So when customers log into Yahoo! for example there is a link to that directory which fetches the customers phone bill and is told which customer account pays the bill and which bank the biller uses." The Exchange really is a pure accounts receivable play adds June Yee Felix, svp in the Chase e-commerce group. "Banks have done this before, for mutual benefit. Why would they want to creat independent bilateral connections" when they can creat a hub to exchange the bills. Benny(there are some good positive mentions also, but I wanted to document how the Exchange expect to work)

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