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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Gregg Soster who wrote (1190)1/12/1999 4:31:00 PM
From: Charlie Smith  Read Replies (1) of 20297
 
Gregg:

I don't believe that M&I really expects to compete with CKFR and Princeton for customers other than M&I banks. M&I is a niche player for smaller and medium size FIs

Of course they do. Still thousands of these smaller institutions around.

With this acquisition, M&I begins to answer the question I posed in December:

Message 6701234

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?

The answer for M&I: Buy Moneyline Express, integrate vertically into payments and become a mini-Checkfree, offering both presentment and payment.

Charlie

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