e-Commerce the Next 100 Months...... Message Board

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Strategies & Market Trends : e-Commerce the Next 100 Months......

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To: p friend who wrote (273)	3/27/1998 7:42:00 AM
From: Benny Baga	Read Replies (2) of 2882

I think you need to understand one thing. CheckFree is into Bill Payment (Phone,Gas,etc.). Other Companies (CYCH) are into Merchant transactions (Visa,Internet purchase,etc.). These are two totally different transactions. >>>Their bill payment model does not get the vendor paid until 4 business days after the payor transmits the instruction. CheckFree doesn't have every biller hooked up electronically, and therefore must allow lead time. CheckFree has a Pay Anyone Model, that means it's as easy to send a payment to your gas company as it is to your Uncle 'Lue' (You can pay anyone, anytime). Because of this Pay anyone model CheckFree must allow for lead time. And remember when paying bills, it isn't smart to pay fast, the more time the money sits in your checking account, the more interest for you. And Yes CheckFree can pay faster than 4 days (if the biller is hooked up), but they do not guarantee it. >>>Will they evolve rapidly enough to keep from being passed in this space? Actually CheckFree is leading the way, why do you think MSFDC was formed? Benny

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