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: Brooks Jackson who wrote (9489)	8/31/1999 8:41:00 AM
From: Rob C.	Read Replies (2) of 20297

Brooks, It was a pleasure speaking with you. Anyone here see this posted from Yahoo? Interesting Article!! by: rvcraven (43/M/kansas) 8457 of 8501 Here goes. The current August issue of Bank Technology News has an article "Banks Strike Back With An E-Bill Challenge" that I will try and summarize the interesting parts. Pardon any spelling errors. The article starts out talking about the Exchange consortium. The Exchange plans to launch in October to the government Y2K freege on new banking acticity. Phase one will debut with bill presentment. "Costs will be set by each financial instiutuion. The article references Avivah Litan of the Gartner-Group Inc.. She states "even though the three bank represeent a sizable contingent of retail and corporate customers questions remain about their capacity for creating a true "pay all" capability. The Exchange must woo other large banks notable Citigroup, Bank One and Bank of America. She expected Citi not to joing and didn't think Bank One would be a member since it is so aligned with Checkfree and committed to a portal strategy. But I thought Bof A would be part of the Exchange. The fact they are not in the group shows thre's divisiveness still in the bank industry. Litan further states "the bill presentment side is earier with standards, certificate authorities and directories managing it. On the payment side no one is connected to all the banks. But Checkfree has built a capable bill apyment and remittance network. It definitely has a two year lead over its competitors. Pulling Checkfree into The Exchange's orbit she said, "Who's going to do the back office, ACH, do remittance? That's why I believe the banks will buy Checkfree, which will become The Exchange's remittance back end. These three bank's make up too much volume of Checkfree business. Chase is its biggest customer. The article more or less states in closing that the ball is in The Banks court. IMHO Checkfree has got a stranglehold on this industry. Their lead is huge and the market is theirs to lose! The interesting parts by Avivah Litan who is well regarded in this field is that "Checkfree definitely has a two year lead over its competitors". And secondly, the banks have far greater amount to lose to portals and etc. if they don't acquire Checkfree. So in conclusion it sure looks like the "fireworks" has begun and the "war" has started. Everyone is maybe finally beginning to realize that Chekcfree holds all the pieces if they want total EBPP. Let the bidding begin!!!

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