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Technology Stocks : CheckFree (CKFR)
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To: TLindt who wrote (1416)1/29/1998 12:22:00 PM
From: Brooks Jackson  Read Replies (2) of 8545
 
I have the impression this won't happen with an internet "button," but rather through your PC banking hookup. So -- I'm thinking its up to your local bank.

One of the important things Kight said yesterday is that they have surveyed customers and found that they will switch banks for the opportunity to receive and pay as few as three or four bills electronically.

This puts enormous pressure on banks to offer e-bill ASAP, or lose customers.

My guess is CKFR will be very cautious about partnering with anybody like YHOO for e-bill and billpay. This would be encouraging competition for their primary customers, the banks. It might be smart in the long run, but they'd better be very, very careful about how they do it.

Besides -- when it comes to banking security -- I trust a bank a thousand times more than I trust an upstart website. I think Kight's strategy is sound: let the banks sell the service.
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