<<CheckFree is running scared their whole model has changed to copy ours as we have made gains with their key banks before they have been able to," says Jessica Ostraw, vice president of marketing at MSFDC. MSFDC was designed from the ground up for Internet bill delivery and payment, Ostraw says.
...I assume that when she says "their whole model has changed", she is referring to this: [link to CF software divestiture announcement]>>
Benny, I recall early on that MSFDC said its E-bill offering would cost the biller about the same as a postage stamp, but be free to the bank providing the E-bill mailbox on the bank website.
In contrast, early on, CF said it would charge the billers a little, and the bank a little, for every E-bill.
We bankers liked the MCFDC approach a LOT better.
MSFDC got some pilots.
Then I think CF got smart, and changed to the biller only approach for fees. Hence the "running scared" comment.
"Running way out in front" is more apt.
Man, this thread has gotten lively!
Brian |
