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Technology Stocks : CheckFree (CKFR)

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To: Brooks Jackson who wrote (3584)4/28/1998 1:51:00 PM
From: TLindt  Read Replies (3) of 8545
 
RE: Countrywide Home Loans.

"Offering electronic banking is a natural extension of the services Countrywide provides," said Tom Boone, managing director of Countrywide's loan administration. "This use of technology not only helps simplify bill paying but allows consumers to budget, track and categorize their monthly expenses. For those consumers whose own bank or credit union does not offer electronic banking, this is an especially welcome service enhancement."

This is big stuff too. For those consumers whose own bank or credit union does not offer electronic banking, this is an especially welcome service enhancement.

I still Bank with Old Kent Financial, they have resisted this new technology for banking...and in doing so I do not see them being a around in 5 years, somebody will buy them and take them apart. Now on the other hand this lending institution is offering the 'get CheckFree Service', so what?

Well for one, everyone of their customers has heard of Countrywide?

Most have never heard of CheckFree. But they are doing business with Countrywide now, and my guess is a great number of consumers will now take advantage of their new service offering.

So what are they a Blood-Sucker? Making a living of the Banks & Credit Unions who don't offer electronic banking?

YEP! Countrywide, revolutionizing the way money moves!...and sucking the life blood out of the likes of Old Kent Financial, and other cave-man orientated Banks and Credit Unions.

Strange Offering 21st Century Banking...without being a Bank, just using them through the internet to provide an enhanced experience?
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