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Technology Stocks : CheckFree (CKFR)
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To: Cymeed who wrote (954)12/15/1997 10:48:00 AM
From: Gregg Soster  Read Replies (1) of 8545
 
Is IBM a competitor of CheckFree? Yes and No, they have developed a banking front-end piece and middle-ware piece for Integrion. They have created a bill payment engine to compete with CheckFree.

They have blessed the 10 year agreement between CheckFree and Integrion and in so doing blocked themselves from those banks. IBM's bill payment engine is very immature, barely tested and never run in a real production mode, I think that is why they blessed the deal.

At the end of the day, IBM will create and market wonderful front-end and middle-ware, hardware, network services but leave the ugly business of bill payment to the experts - CheckFree.
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