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

To: TLindt who wrote (6870)	6/24/1999 11:36:00 PM
From: Dwight E. Karlsen	Respond to of 20297

Thanks, TLindt. But when I said >What I can't figure out is, how are the stodgy banks going to improve on what CKFR has already been trying hard to do, the Online Bill Presentment side?< to which you replied, >They don't have any interest in improving it, just controling it.< What I meant was, how are the stodgy banks going to improve on what CKFR has already been trying hard to do, *selling* Online Bill Presentment. a utility company is the one that originates the bill, *not* the bank. Therefore, some third party wishing to *present* a bill that does not originate with them, must *successfully market and sell* their ability to do so, on behalf of that utility company. So here again, IMO the banks have no special expertise to one-up CKFR with in this presentment space. Therefore, their whole big TEX announcement was a vapor-ware announcement that is probably unprecendented in its magnitude.

To: TLindt who wrote (6870)	6/29/1999 6:35:00 PM
From: TLindt	Respond to of 20297

They are going about this backasswards...there are 100 Million people on the Internet already and a handful of millions at a bank site. What are you offering Exchange...better interest rates? 5% Free Bill Pay, or $5.59 a month? Study WalMart....It is Distribution Stupid. They don't make anything...they just provide it cheaper to the consumer. The going Price on the Internet is Free at NetB@nk...I harp on it and I harp on it....bend over and k#ss Y__ A%% Gdb&e. You are good man have another Beer, thanks I will PeckerHead! Tuesday June 29 3:53 PM ET Wal-Mart Seeks Approval To Buy Into Banking WASHINGTON (Reuters) - The world's largest retailer, Wal-Mart Stores Inc. (NYSE:WMT - news), is seeking permission to move into banking in the United States by acquiring a federal savings and loan institution. In a filing released by the Office of Thrift Supervision Tuesday, Wal-Mart said it wanted to buy an Oklahoma savings bank, Federal BankCenter, to create a ''marriage of a retail banking business to a new and large customer base.'' By law, commercial firms generally may not own national banks, but can operate a single thrift. This so-called unitary thrift loophole has been a focus in current congressional efforts to overhaul Depression-era U.S. banking laws. Wal-Mart said in its filing that its three-year business plan called for opening five bank branch offices at Wal-Mart Supercenters to serve as a test bed for further expansion in the future. The company already leases space to other banks in many of its larger stores. ''Large banking institutions have not always provided the full range of cost-effective services to the people who need those services the most.** The purchase of FBC will allow Wal-Mart to address these needs,'' Wal-Mart said. The company's application is sure to draw opposition from community banks, who would find it hard to compete with Wal-Mart's geographic reach and financial muscle. A final decision on the application from the OTS, which regulates the U.S. thrift industry, is likely to take many months. dailynews.yahoo.com Believe me WalMart will teach these PeckerWoods Distribution.