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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Ron S who wrote (6653)	6/23/1999 3:33:00 AM
From: Harry Franks	Read Replies (2) \| Respond to of 20297

Wall Street Journal Article on the Chase, First Union and Wells bill delivery plans. interactive.wsj.com Big Banks Link to Deliver Bills To Consumers Via the Internet By REBECCA BUCKMAN Staff Reporter of THE WALL STREET JOURNAL "Three big banks are joining forces to deliver electronic bills to consumers and businesses, reflecting the growing power of the Internet in financial services." Quote on Checkfree and timing of "the Exchange": "The Exchange says it could be delivering bills by the end of the third quarter [anyone believe this?] and expects to sign up other banks as members. For now, the banks will continue to use traditional bill-payment companies such as Checkfree Holdings Corp. to process payments. However, the banks later could develop new payment systems for some bills, said Sharon Osberg, a Wells Fargo executive vice president." Harry

To: Ron S who wrote (6653)	6/23/1999 7:56:00 AM
From: Benny Baga	Respond to of 20297

>>>>16) some control-freak banks are upset that CKFR is using portals for ebill, while others are delighted to have the portals act as their internet interface and avoid more brick-and-mortar costs. Let me guess the banks, Wells, FTU, and Chase (whew, that was hard). Bank One (has a deal with excite), seems to like the portals. Benny

To: Ron S who wrote (6653)	6/23/1999 8:00:00 AM
From: Benny Baga	Respond to of 20297

>>>15) Transpoint could not use Citi's pay anyone feature because it was an interior system geared to one bank where the funds could be immediately verified. Citi established almost no account info with billers outside the Northeast corridor while this can only work with a nationwide system. Citi doesn't have the reversibility agreements and credit checks CKFR has established in points 13) and 14) above. Cool. So does Citi need Transpoint? if so for what? 5 billers? BoA in-house system is worse. Benny