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Technology Stocks : CheckFree (CKFR)
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To: Big Al who wrote (7549)9/15/1998 1:03:00 PM
From: Benny Baga  Read Replies (3) of 8545
 
Thanks for the good info. I think you summed it up pretty well. BoA/Nations has two options, In-house or CheckFree. MSFDC was never an option and is even less of one with Citi in the mix.

I would just like to point out some under lying technical issues. As we all know BoA has its own in-house bill pay. If BoA wanted to do Bill Presentment with CF, they would have to scrap their in-house bill pay system, because CheckFree requires a Bank to use the CF bill pay engine(for very good technical/financial reasons) with E-Bill.

So Nations/BoA has to choose either 100% CheckFree or do it all in-house. IMO here are some of the problems for BoA if they do it in-house:

1. Very, Very expensive (much more that what CF is charging)
2. Many billers aren't going to go through the extra effort to connect with a single bank, instead of a consolidator (like CheckFree).
3. Any product development will result in falling farther behind the competition(Wells Fargo) as they are already behind today.

The longer BoA takes in making this decision, the better chance they will come to CheckFree. BoA already has huge costs associated with Y2K and the merger, it would be hard to believe that they have the extra resources to throw at bill presentment.

Benny(as always, bullish of the bulls)
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