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

To: Erik T who wrote (7200)	6/26/1999 4:35:00 AM
From: Dwight E. Karlsen	Respond to of 20297

Exactly: Nowhere in their recent release do they talk about revenues from these top billers, only from subscribers. More than 50 of the nations top billers, representing more than a half-billion monthly bills, evidently generated only $10,000 in billing services fees in the last 9 months. The money, contrary to the CNBC article, is not in the billing, but in the payment. MCI and AT&T et al, they all know how to automate the billing. Just flip the switch on the computer. Induce the customer to pay the bill promptly, and these billers are happy to pony up the money. That, and/or the end-user who is paying the bills is happy to pay a fee to make the process less of a hassle. ($50/yr for each mature Internet portal subscriber). CKFR is on the right track. They "get it". The banks don't. They are off chasing bill presentment. Let 'em go. Let them spend enormous sums drumming up the E-bill presentment. It will only drive the real killer app that the billers will pay good money for, the bill payment side. The end-user, the guys and gals responsible for paying their bills, will decide who and how they want to pay those bills. I think they will go for the portal plan.