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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Benny Baga who wrote (233)11/24/1998 8:22:00 AM
From: Benny Baga  Read Replies (3) of 20297
 
....and if you were wondering how FDC's home banking product is doing:

First Data Corp. was able to leverage off its credit card business when it started up its direct banking unit earlier this year. Already, of the 35 banks FDC signed up this year for its online banking service, "all but two were already FDC customers," says Michael G. Elwood, COO. The two came to First Data through Texas Independent Bank, which resells First Data services to community banks. Although the credit card relationships have given First Data a fast start, the company's late entrance to home banking puts it behind smaller companies in home banking. Jack Henry & Associates, Online Resources & Communications Corp. and M&I Data all list more than 100 institutions as online banking clients. But with thousands of community banks yet to implement any service, observers say FDC's vast resources could help it catch up quickly.

fso.faulknergray.com
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