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To: mariner who wrote (4267)	7/25/1999 7:38:00 AM
From: Another John	Respond to of 54805

Mariner, Msft and First Data Corp (FDC) have a joint venture in electronic bill presentation and payment. I have heard system is being tested. FDC is the biggest credit card processor both in the U.S. and Internationally. Anybody following this? Regards, John

To: mariner who wrote (4267)	7/25/1999 10:23:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

mariner, A while back I brought up the subject of electronic bill presentment and payment as the possible next "killer app." I see Checkfree has gone through a decent correction of late. You're probably aware that it is due primarily to a consortium of three large banks, all of whom I think were customers of CheckFree, offering services that investors feel will eliminate the need for CheckFree's services. CheckFree immediately issued a press release that those banks will still need CheckFree. I don't follow the company so I don't have an opinion. A killer app that has been showing up on my radar screen a lot lately is procurement software for businesses. There's probably not a company on the planet that couldn't use it, even the very small ones. If a gorilla emerges, it will be a huge one. (Don't ask for ideas about companies that sell it because I'm clueless. :) --Mike Buckley

To: mariner who wrote (4267)	7/25/1999 1:56:00 PM
From: Tom Ardnij	Read Replies (1) \| Respond to of 54805

Mariner and thread, regards to electronic bill presentment. I am concerned that the barriers to entry are insufficient to keep out dozens of new competitors. Lately, I am seeing lots of evidence of major banks and utilities moving into this space. You also have Intuit and MSFT in the arena. I don't know if this is contributing to Checkfree's difficulty, but I suspect it is a major factor. Regards, Tom