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Technology Stocks : CheckFree (CKFR)
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To: Paul Dubsky who wrote (591)10/16/1997 2:28:00 PM
From: A. Cody   of 8545
 
Target market is any large institution sending out gazillions of hard copy invoices. Hence utilities are an excellent fit, as are credit card companies, telephone, cable providers etc. My sense is that CKFR is positioning itself to provide E-bill services PLUS the bill pay links to the various banks....so picture yourself as a Boston Edison subscriber who banks at Bank Boston -- your invoice is on the web, you click a button and your bank account is electronically debited. Ckfr needs the relationships with both the banks and the institutions to make this happen. And when, behind the scenes, the entire transaction is electronic their margins per transaction are very high. Much of the bill pay work today is very manual, and ckfr employs a large staff to process paper/check transactions on behalf of their bill pay customers. Even a 1% change in the number of transactions that are entirely machine-to-machine makes a big impact on their bottom line.
That's today's sermon.
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