>>>Shouldn't CKFR be trying to create and promote a type of "virtual" debit card and as you have suggested a virtual ATM network to empower the consumer? I am afraid that valuable time is being wasted that may not be recovered when someone else gets to this point. Once consumers are "hooked" (like we all have been with ATM cards) we are clients for life. It is consumer empowerment that I think
explains the rapid growth of online financial entities such as
stock brokerage, travel services, etc.
I guess we did 2 yesterday didn't we?
This is MO on virtual ATM[Method #3]. Sure they could do it, but they are not, don't expect them too! Charlie touched on it, with Quickbooks.
I prefer method #3 for digital transaction delivery[Virtual ATM]. I'm building a pure play position in the world leader in that reguard, INTU, I think everybody knows that by now. With 80% of the Market now, they have as good a chance as anybody to succeed. They are not wasting any time, and the internet is the stated focus of the Company.
Good news for Checkfree they are on the backend of Intuits' focus. So again Checkfree is well positioned on #3[Virtual ATM]. Intuit is plugging them into 80% of PFM users.
The press at the time...if I remember correct.....Intuit selling ISC to Checkfree in exchange for a stake in Checkfree. Kinda like the Integrion News[Method #2]......huge news to those who knew what it meant.
Intuit publicly acknowledged that Checkfree was first class. Made me think ISC was a half-axxed attempt to compete.
No matter......now that Intuit has put down the Sword. They have both kissed and made up.
Intuit can build the virtual atm[#3], but to make it work, turn the power on, they need Checkfree, or MSFDC. And the MSFDC thing will never happen IMO.
Thats why I hold a position in both. What 'is good' for Intuit is extremely good for Checkfree......so if Intuit holds 80% Market share...It's not hard for one to figure out where Checkfree stands on digital delivery Method #3. Somewhere's pretty close to 80%, IMO.
So if you buy all my thinking, on the model, 3 Methods of digital transactional delivery. Here's a Summary on digital delivery.
#1 is un-known, except that during the confrence call they stated they were out-signed by a 3 to 1 margin all of their competitors combined.
#2 They are currently leading in number of checking & savings accounts represented, Integrion relationship and other Banks.
#3 Intuit is handing them the Keys to the Candy Store.
All IMHO. What was your question #3?
Anybody want to jump in......go for it! |
