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Technology Stocks : CheckFree (CKFR)
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To: Brian K Crawford who wrote (4907)6/7/1998 9:53:00 AM
From: Brooks Jackson  Read Replies (1) of 8545
 


Brian -- just to avoid confusing any who are relatively new to this thread, I would like to make clear that the business CKFR got from Intuit is only a small part of their total customer base. I think Pete Kight said in a conference call long ago that Intuit was only about 10% or 20% electronic, and 80% or 90% paper, at the time CKFR took over.

So, overall, CKFR is paying MORE than 50% electronically. You tell us that some banks are already at 70% electronic. (And that's really neat to hear.) But the old Intuit customers are moving up but still "a long way" below 50%.
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