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Technology Stocks : CheckFree (CKFR)
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To: Brooks Jackson who wrote (7518)9/14/1998 8:53:00 PM
From: Ron S  Read Replies (1) of 8545
 
The Citi deal with MSFT & FDC is likely a good hedge position for all sides in that transaction. It is important that Citi is a minority investor, not a joint-venturer so that TransPoint can claim distance and maybe even forbid transmission of checking account data to Citi (some potential customers may laugh at this, though). The old partners may get access to Citi's tried-and-true system and do not have to eternally delay until they iron out the kinks in their pilot. Citi retains flexibility to TRANSfer or fold its system into Transpoint at any POINT (maybe, hence the name) it feels they are making more progress than Citi alone and stop the bleeding from losing money on it. Also, the pay anyone feature may no longer be the old MSFDC problem.

It will be interesting to watch the appointment of new leadership of TransPoint (from whence it comes) and any new marketing strategy to obscure the partners (which may be the best reason for the immediate name change).
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