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Technology Stocks : CheckFree (CKFR)
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To: TLindt who wrote (7656)9/21/1998 8:03:00 PM
From: Benny Baga  Read Replies (1) of 8545
 
>>>..the business is for sale, or they want to partner....because if TP is 2 years behind...these guys are 5.

Agreed. I think BoA is screwed, mostly because of bill presentment. If you remember Pete mention that Mellon is finally coming around, and the main reason is the Threat of PNC presenting AT&T bills to consumers.

Large billers (i.e. AT&T) are not going to work with individual banks, it is more cost effective to work with consolidators. When Wells Fargo rolls out bill presentment, BoA will still be scratching it's head.

As far as selling out to CF, I think if CF was willing to do the deal, it would have already been done. I don't think CF want's BoA bill pay engine, I think BoA only does about 1/5 of the volume Wells does. BoA is stuck with a bill pay engine that nobody wants...Travelers Express?

In any case, the way BoA talks, you would never know they were going to merge with NationsBank.

Benny
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