Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brooks Jackson who wrote (10304)	9/19/1999 8:50:00 AM
From: Brooks Jackson	Read Replies (1) \| Respond to of 20297

Here's something else I don't understand. The Post story quotes BofA as saying it pays 71% of its billpay transactions electronically. If so, how could they be so far ahead of CKFR in that? Also says in an all-electronic transaction money is STILL taken out of the customer's account one or two days before it is due. Is that true? "So far the industry hasn't had a great story to tell," said Jane Wallace, manager of electronic bill payments at Bank of America, based in Charlotte, the nation's largest bank when measured by retail deposits. She said the bank works hard to get creditors to accept payments electronically. Today 71 percent of the bills it handles for online payers are transmitted electronically, about 10 to 20 percentage points above the industry average. And when a creditor and payer both have an account at the bank, money is taken from a customer's account only a day or two before it is due, she says.