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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Brooks Jackson who wrote (2796)2/23/1999 9:25:00 AM
From: Harry Franks  Read Replies (1) of 20297
 
For the difficulty of pay anyone you only have to look to Intuit's attempt to build pay anyone capability a few years ago. I know, I tried it. They sent paper checks to everyone (that is easier to do). The only problem is that when you send paper checks to the largest billers lock boxes (AT&T Universal was especially bad) without stubs attached they are assigned to a slower track -- meaning payments are credited late. And, since they sent them first class mail, Intuit Bill Payment couldn't prove when they sent them (versus when they cleared). Checkfree pays most large billers electronically. Small billers don't have as many problems with paper checks without payment stubs. This will be a tough nut for Transpoint to crack in 5 months.

Harry
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