CheckFree (CKFR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CheckFree (CKFR)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AE who wrote (5177)	6/16/1998 12:06:00 PM
From: Kurt Peterson	Read Replies (1) of 8545

Jet Credit Union is not a CKFR customer. CKFR does not usually pursue banks of that size. <<About 300 of them pay bills online. >> It costs CKFR more money to maintain a bank on the system than the revenue that 300 customers would generate. (300 custs. * $4/cust = $1,200/month, not big business.) CKFR's strategy for pursuing banks of this size is to go after the banks' data processor. Many banks of this size use a third party as their host computer system, companies like EDS, M&I, FiServ, AllTel, Summit and others. So CKFR talks to the processor about setting up a connection to CKFR and through that one connection gets the banks that want to offer bill pay. I don't know which processor Jet CU uses, but I don't think they are hooked up.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next