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Technology Stocks : CheckFree (CKFR)

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To: MGV who wrote (6560)8/8/1998 9:29:00 PM
From: AugustWest  Read Replies (1) of 8545
 
>>Online billing for utilities - $1.2 B in costs savings - Article in enclosed link. Have been away for 10 days (that is tens of thousands of posts in CKFR terms) so this may have been posted. If so, a good thing to read again as CKFR remains under 25!
news.com

Like you say, A casual reader would never know that CKFR is in the business, let alone a market leader..

You'd have to carry it back a link to the AT&T "related news stories" news.com. There, you might come across something like this.

As the nation's largest biller with 80 million customers, AT&T brings instant credibility to bill presentment, which involves letting customers view online their bills as well as details about each purchase.

"This represents the largest foray into bill presentment so far," said Scott Smith, an e-commerce analyst at Current Analysis. "I think it will make people sit up and take notice."


"It's interesting that this large biller went with CheckFree when all the fuss is about MSFDC," Smith added, referring to the Microsoft and credit card processor First Data Corporation joint venture for online bill presentment and payment.

Yet the Dire Wolf speaks to rebuke...

But MSFDC's Warren Dent said his firm has been in talks with AT&T, and he expects both banks and billers to sign up for multiple systems, especially in the beginning.

"This will give the whole bill presentment industry a boost," Dent said, adding that a deal was not unexpected since CheckFree had indicated in its last quarterly earnings report that a major contract was pending.


I suppose it comes down to this, if you believe that more people will be paying their bills on-line, and you think that most of the billers, as well as naturally the banks(Integrion Financial Network) will go with CKFR, then you gotta' believe that CKFR will get a significant portion of that business, with out interfering with the objectives of their customers.

BTW, interesting to note that both articles were written, or co-written by Tim Clark


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