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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Robert Gintel who wrote (499)12/5/1998 12:21:00 PM
From: Charlie Smith  Read Replies (1) of 20297
 
Bob:

the confusion index is very high amongst the participants who are trying to make all this come together, especially when different vendors are telling different stories. One consultant who spoke in a very compelling manner, even went to far as to advise the attendees to forget Checkfree and Transpoint and have a few banks get together to form a utility to create Bill Payment and Bill Presentment themselves.

I mentioned this back in October:

Message 6195495

Even if a few techno-savvy banks with substantial wholesale cash management (lock box) customers manage to put together a bill presentment system, how do they cost effectively link with the rest of the world? I'm curious as to what was this consultant's rationale for a "home grown" solution? Long term cost? Control of customer data?

Also, as you said, FUD factor is high and rising, so it seems to me that if FTU (or anybody else with a national presence) can get some momentum re subscriber numbers, they could break away from the pack and force the fence sitters to move.

Finally, two questions:

First, what were Chase's technical difficulties?

Second, re:

Checkfree has told the industry that they can't wait for the banks to move at their own pace and therefore are moving ahead on their own to develop a portal capability which Checkfree may offer directly to consumers themselves; but we will have to wait until sometime early next year for more information on the specifics, while Checkfree develops the necessary software to make this happen.

Why not build on the Excite/Intuit partnership to do this instead of taking the time and money to do it in house?

Thanks again for all your insight.

Charlie
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