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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 (10047)	9/13/1999 10:14:00 PM
From: AugustWest	Read Replies (2) \| Respond to of 20297

>>I'd expect a comment from Greg Soster on that ATM stuff vs Internet. Give him a few moments. he may be eating dinner or something! But isn't this statement just another way around their guarantee maxing out at $50? Importantly, because Online Resources only works on behalf of financial institutions and does not offer a direct-to-consumer service in competition with them, its institutional clients automatically limit consumer losses to $50 for unauthorized transactions, in accordance with the industry's "Reg E" standards. Which would make their fluff a little fluffy.

To: TLindt who wrote (10047)	9/14/1999 7:31:00 AM
From: Benny Baga	Read Replies (2) \| Respond to of 20297

>>>I'd expect a comment from Greg Soster on that ATM stuff vs Internet. Actually that ORCC press release is a hoot. Especially when you realize that... ..CheckFree processed 12,000,000 transactions last month .......ORCC processed 47,000 transactions last month Benny

To: TLindt who wrote (10047)	9/14/1999 10:47:00 AM
From: Gregg Soster	Respond to of 20297

I'd expect a comment from Greg Soster on that ATM stuff vs Internet. Well the ORCC PR was a just a "me too" response, I would expect one from M&I as well. As for ATM vs. Internet, while it is true that ORCC can guarantee payment because it is a "good funds" model, it simply ignores the real issue. Its like someone asking you, "Do you want that car in blue or red? You reply, "I'll have a Coke, please." The issue is not whether the customer gets debited, which all that ORCC is saying they guarantee.. big deaL. CKFR is saying regardless of how we deliver the payment, we WILL get it to the correct merchant on time or we'll make it right. ORCC may have +50% electronic delivery but for how many merchants? Do they guarantee paper delivery? Which merchants do thay have setup electronically? They used to be all west coast merchants because they were only affiliated with the STAR ATM network, so those merchants got electronic payments but if you were mid-west or east coast, then it was mostly paper. ATM transactions usually carry an added cost charged by the network provider, this is the real Achilles Heel of ORCC, plus their paper delivery is much weaker than CKFR.