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Technology Stocks : CheckFree (CKFR)
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To: TLindt who wrote (2951)3/28/1998 12:04:00 PM
From: AugustWest  Read Replies (1) of 8545
 
>>Yet another advantage is that by reducing bill delivery time and thus the amount of time required to clear payments, electronic billing can reduce a biller's float the period of time after services have been rendered but payment has not been received (or is not available for use). It can minimize check float, provide faster access to cash and, with fewer paper checks to process, reduce handling costs.

Um, I guess the old "Checks in the mail" excuse gonna need some modifying.
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