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

To: Sam Biller who wrote (9532)	9/1/1999 11:08:00 AM
From: p friend	Read Replies (2) \| Respond to of 20297

I think the ultimate per transaction charge will be invisible to the consumer. Look at Mastercard/Visa. When you use your card it does not appear to cost you anything relative to paying by cash or check. It is just easier and cleaner so you do it. If they charged an upcharge of even 5 cents, a significant percentage of their market would discontinue using the card. That is why they forbid merchants by their contract from charging any more to use the card than they charge for cash or checks. The history of money is that the guy receiving the money pays the toll. Commissions on home sales, underwriting fees on stock issues, etc. So Checkfree delivers 99.??? percent of the billed amount to the biller, charges less than Mastercard/Visa, and handles the e-bill and e-payment with excellent customer service to all parties. Checkfree makes money when this scales up to enormous volumes. Pay anyone may carry a toll to the payer for a while, but the incentive for payees to enroll will be great and eventually consumers will drive the visible toll out of the system. Of course, the buyer is really paying for all aspects of the purchased service in all of these transactions. It is just that buyers do not accept explicit upcharges if they are offered any one-price complete alternatives.