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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: TLindt who wrote (578)12/10/1998 8:09:00 AM
From: Benny Baga  Read Replies (2) of 20297
 
Per the BAI conference:

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 bet that consultant was Gary Meshell, an executive vice president at Benton International, a Los Angeles based electronic banking/commerce consulting firm. An article in BS+T about Electronic Commerce Trust Co. (ECTC), where banks would pool their (lockbox) billers like a utility. Meshell, "Any consumer will be able to pay any bill to any merchant as long as the bank is a member or owner or the utility.".....at presstime, ECTC was in the process of establishing itself as a legal business entity and comprises of six banks, Wachovia, Huntington, National City, Norwest, First Union and Mellon.

....After reading the article on ECTC, it seemed that Mr. Meshell was the only one that was overly optimistic about ECTC (ECTC was proposed over a year ago and just now are they getting to establishing themselves as a legal business entity). Even Mr. Meshell admitted that remittance processing would have to be outsourced.

Benny (IMHO)

FYI...

In BS+T, it stated that First Union will pilot the TransPoint E-Bills servicewith employee on-line banking users starting in the first quarter of 1999.
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