Although many banks offer online banking today, it's a clumsy system that requires CheckFree, a Norcross, Ga., company, to take computer checks, convert them to printed checks and mail them to merchants. The system ends up costing billers more money than the paper system because the checks have to be manually matched with bill stubs.
''When you talk to billers, they actually dislike online bill payment because there are often delays,'' said Lewis Levin, vice president of Microsoft's desktop finance division.
bla...bla...
CheckFree, which was dragging its feet in coming out with an automated bill payment system, has recently begun testing a system to rival MSFDC. And AT&T Corp. announced last week that it will launch a similar service in partnership with Intuit.
idiots
Must be calling up MicroSoft and getting quotes about the competition, CheckFree.....not good.
latimes.com |
