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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Brooks Jackson who wrote (4049)3/29/1999 9:41:00 AM
From: Gregg Soster  Read Replies (2) of 20297
 
>> So the advantages of electronic payment involve a trade-off: what they save on postage and printing they risk losing, in part, through bad checks.

In order to have an electronic relationship with CKFR, a biller needs to sign the reversability contract. This allows the biller to accept a debit from CKFR if the customers short of the funds to pay the biller. This is only the case when the bank uses a "risk-based model" for payment.

Many banks are moving from this model to "good-funds" which means the bank debits the customer's account prior to sending the payment instruction to CKFR. CKFR then debits a single account at the bank in order to fund all those transactions, ie "good-funds". If the customer didn't have the money when they performed the bill payment then CKFR is never instructed to pay the bill.
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