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

To: Robert Sloan who wrote (7832)	7/8/1999 7:42:00 PM
From: TLindt	Respond to of 20297

Well this is going to take a couple posts...and you have to read them in order...but I'll try. First question is...what has CheckFree Built...what is Genesis. CheckFree's newest transaction processing platform, "Genesis," was developed to ensure the quality and scalability required to support large-scale consumer adoption of electronic billing and payment. The system is designed to support electronic transactions from as many as one-third of all households in the United States. Today, CheckFree's Genesis system processes electronic banking and bill payment transactions on behalf of 400,000 users who have enrolled in electronic banking and bill payment services offered through financial institutions who contract with CheckFree to process and track the transactions. By December 31, transactions from almost 3 million users supported by CheckFree services will be processed on the Genesis platform. Pete Sinisgalli, CheckFree's chief operating officer, said, "Today is the culmination of work we began with Intuit and Microsoft more than two years ago to outline standards that would facilitate overall industry growth. Our in-production support for OFX is very important to our large financial institution customers, who want the flexibility and choice inherent in a solution that supports an open industry standard." Randy McCoy, CheckFree's senior vice president of electronic commerce development, said, "Having an in-production system that supports OFX transactions ensures our financial institution and technology partners that our services can support transactions initiated from any OFX-complaint software they choose." "For consumers, OFX means being able to access the same financial transaction data from a telephone, PC, or web site," McCoy added. investquest.com

To: Robert Sloan who wrote (7832)	7/8/1999 7:58:00 PM
From: TLindt	Respond to of 20297

Ok...now we know what Genesis is....a great big giant OFX server that can process transactions for multiple institutions and multiple accounts in the United States. So what is Bank of America doing? Standards are making it easier for banks to build their own services, instead of relying on technology partners. Bank of America is taking it a step further by going after the billers that now provide aggregators like CheckFree with the bills that customers receive and want to pay online. To do so, it developed a system in-house that used the Open Financial Exchange (OFX) standard developed by Microsoft (MSFT), Intuit (INTU), and CheckFree. redherring.com What then are Chase, Wells and First Union up to? Same damm thing...creating and OFX based platform to do what CheckFree is doing and what Bank of Americia is doing. By forming The Exchange, the founding members are stepping forward to fill a significant gap in the electronic bill presentment market. The other players in the market today use a variety of proprietary systems. As the first organization to provide an open, interoperable mechanism for exchanging online bills, regardless of the technology employed by the individual members, The Exchange will make electronic billing a reality for the average American. The founding members of The Exchange will continue to select their own technology vendors and solutions. Now to follow where I'm going you would have had to listened to both conference calls..and heard what I believe Sharon Osberg said that it was an OFX platform...which would be migrated to IFX..which if you have been here a while that is the end result of the merger of OFX and GOLD. But it's the same as what CheckFree has, Bank of America is building and The Exchange is up to. So the main thing The Exchange does is validate OFX and the future migration to IFX which CheckFree either created with Intuit and MicroSoft(OFX)..or manages for Integrion...their GOLD standard. biz.yahoo.com OK you with me?

To: Robert Sloan who wrote (7832)	7/8/1999 8:12:00 PM
From: TLindt	Respond to of 20297

Now enter the 3rd element...We already reviewed CheckFree, and the major banks...and Integrion(kinda)...so the next method on the plate is Personal Finance Managers..ie Quicken a.k.a. Intuit. What are they up to? Intuit Announces Limited Public Beta of Web-Based Electronic Bill Payment and Presentment Company Spearheading the Future of Online Banking MOUNTAIN VIEW, Calif., June 30 /PRNewswire/ -- Intuit Inc. (Nasdaq: INTU - news) announced today that the beta prototype of an online electronic bill payment and presentment (EBPP) service is now available at Intuit's award-winning Web site, Quicken.com®. This online billing service makes it easy for consumers to receive and pay bills via the Web and is currently being tested by both customers and billers. This program simplifies financial management for consumers and small businesses by leveraging the Internet to offer an intuitive consumer service that makes it easy for users to receive, view, pay and record their bills. Intuit expects the program to be fully available to customers later this year. The EBPP program was developed and is owned by a joint venture company in which Intuit is a significant participant. The service is offered on Quicken.com pursuant to a license agreement between Intuit and the joint venture. biz.yahoo.com If you read the whole darn thing you will see that this too is an OFX platform, which Gregg Soster came in and said were running on a Corrillian Platform....Intuit plans to take a feed from CheckFree and I believe Princeton.ecom...and I'm sure in the future anybody that broadcasts in OFX That's the beauty of a standard once everybody is on it...you can communicate. It can also be duplicated...and it is being done. Next Page.

To: Robert Sloan who wrote (7832)	7/8/1999 9:01:00 PM
From: TLindt	Read Replies (3) \| Respond to of 20297

Now..If you listened to Pete in the disaster conference call, he said and I paraphrase. We have been competing with banks on the commercial side for over a year and have been very effective winning most of the time...BECAUSE THEY DON'T HAVE A SERVER....key word there. Well they do now, or are building it....and OFX based one at that. OFX is a double edged sword....it opens up a market by creating a standard that all adhere too...yet allows for duplication. And if you listen to Pete...this whole segment is a biller war, and a distiribution war. And you know what? He's right...for if you don't have any billers bills to send or places to send them too...you ain't got nothing. And after all if Intuit can put together an OFX beast..why not a few Banks with a billion bucks or so? Keep in mind though..that even Intuit has taken 14 months to bring it to pilot and they invented the standards along with MicroSoft and CheckFree. How long will it take the Banks?...How long will it take TransPoint to be effective?...How long then for the Exchange of Bank of America? I argue simply this, they ain't doing it tomorrow...but it is damm evident today that they are after us....so the ass kissing party is over. I don't know who started it or why...was it CheckFree getting hooked up with Portals and Brokers cause they wanted the marketing potential that sticky eyeballs bring too, and not just a bank hand me? I don't know...but I do know this...CheckFree has been successful competing with Banks and TransPoint for Billers(commercial side)....they did't have a server.....Now...Portals like Yahoo!, InfoSeek, Excite@Home, Lycos don't have any billers or a server..but yet want to get in the space too for them sticky eyeballs because they got the potential customers(retail side)...the same customers the banks claim they own too. It all boils down to a damm war over you and me. Everybody wants us to come and visit buy and look. Brokers pay Yahoo! and Excite and all of them for hits...think the portals want to surrender hits and traffic to bank sites...no...no..no....that's not how it works. There is a big ass war brewing here today and we are the prize, consumers. Currently CheckFree owns all the Nukes on this War..they can be bought out or bid out by any player involved here..and they do hold the power to make this happen right now...not a year from now...right now. Their Pay Anyone service has yet to be even attempted to be duplicated effectively. I figure it this way the stakes are so high, and the returns potentially so great...the first one to get pressured in the space and might lose us long term...will bid the shit out of this thing to gain control and leadership. In summary...I don't know who will win..but we got the best hand in the card game...IMO. That don't mean we got control...it just means we hold the aces to do it all today. Nobody else on the planet has that, but us. So how much is that worth to one of these giant distribution networks who might well get squeezed out of this space? I figure it's worth a lot of money.