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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Jody Ritchie who wrote (413)12/3/1998 7:02:00 AM
From: Benny Baga  Read Replies (1) of 20297
 
Automatic deductions are handled through ACH transactions. The ACH transaction is usually initiated by the biller in this case.

CheckFree supplies around 80% of the banks with software to process ACH transactions (PEP+), Although there is no patent, ACH is an open standard. Banks can also outsource ACH transactions to CheckFree (Alliance product), Although CheckFree is having a hard time getting banks to do this. The NationsBank agreement a few months ago is a good indication that CF is changing it's direction, and marketing semi-outsourcing. All in all, ACH is small but important part of CheckFree's business.

Benny(IMHO)
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