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Technology Stocks : CheckFree (CKFR)

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To: AugustWest who wrote (2179)3/2/1998 11:30:00 AM
From: Benny Baga  Read Replies (1) of 8545
 
This paragraph explains allot to me:

MSFDC also creates a threat for banks because it doesn"t have access to clean funds and may process through debits to an automated clearing house (ACH) network. A independently and preauthorize debits, and billers could enroll for bill presentment knowing funds are available, Craft says. "Notice that the word "bank" is not part of this equation," Craft says.

I guess this is why banks don't like MS.

Benny
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