>>>>You got an Brokers hooked up which provide access to Money Market Funds using your services?
I'm sure you already know this, but here it is anyway:
-----------------------------------------------------------------
CheckFree Corporation to Help Charles Schwab Customers Pay Bills on the Internet
The Two Companies Sign Processing Agreement For Bill Payment
Atlanta, (June 4, 1997) - CheckFree Corporation today announced an
agreement with Charles Schwab & Co., Inc., to provide bill payment
processing for the financial services firm's customers. Schwab will allow its customers to pay bills through the SchwabNOW! Web site
(www.schwab.com) or by touch-tone telephone. CheckFree will provide
the bill payment services as well as technical and customer support.
Atlanta-based CheckFree, the nation's leading provider of electronic
home banking and bill payment processing, now has contracts for home
banking and bill payment transaction processing for 18 of the top 25
banks in the U.S. as well as other leading financial services providers.
Charles Schwab & Co. is the nation's largest on-line broker, enabling
investors to trade securities over the World Wide Web. The company
has more than $50 billion in on-line customer assets in 800,000 customer accounts.
"The ease and cost savings of electronic bill payment are important
features of Schwab's expanded offering of electronic products", said
Myra Rothfeld, Schwab Senior Vice President of Retail Marketing. "As
the market leader, CheckFree provides the experience and service that
both we and our customers are looking for."
"Schwab has always been an innovative company, and its customers
have come to expect the most advanced and convenient systems," said
Peter J. Kight, president and chief executive officer of CheckFree. "Now Schwab is providing a technology service that, like its investment services, will save its customers time, trouble and money."
The Schwab alliance increases the momentum and popularity of
electronic banking and bill payment. During the past 16 months, the
number of people using CheckFree's on-line banking and bill payment
services has increased by more than 600 percent, from 244,000 to over
1.5 million.
....Hopefully Fidelity will follow eventually (550 billion in assets), and if Fidelity does so will Vanguard (360 billion in assets), Vanguard already uses CheckFree's Recon-Plus.
Benny |
