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Technology Stocks : CheckFree (CKFR)
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To: Benny Baga who wrote (2178)3/2/1998 11:32:00 AM
From: jjs_ynot   of 8545
 
Interesting to note the bank bypass provisions built into the
MSFDC system.

excerpt from article:
>> 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 consumer could enroll 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. <<

MS really does want to dominate as stated in the article.
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