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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 (10261)	9/17/1999 7:04:00 PM
From: p friend	Read Replies (1) \| Respond to of 20297

This one is really hard to decifer. Pete did not want to go into it. He seemed to be as really excited about it as you and we. Maybe it is this. You sell someone something over the net. Or, you want to pay someone (an individual) and they want the money over the net. You and they agree that they will go to Checkfree website and enroll as a payee on the net. That is, they give Checkfree the ABA number, Bank name, account name, account number, etc. for the place they want the money deposited. They do this at a website designed for this. Then, when you want to send them the money, they are a listed payee and you just point and click to send them the money. Checkfree transmits it directly into their bank account with a memo or email that it came from you. Pete said they currently are not set up to pay electronically your babysitter, gardener, poolman, etc. and do not want to enroll them today as the cost for Checkfree is too high. Currently, they can only send them paper checks. He said this person to person payment they are working on would only be economical for Checkfree if the payee did their own enrollment on the Checkfree website. So, when they are set up to do this, individual payees will be able to enroll themselves as payees, and maybe also as billers. This should make your 2 x 4 stand up!