SI
SI
discoversearch

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: AugustWest who wrote (10305)9/19/1999 8:39:00 AM
From: Brooks Jackson  Read Replies (3) | Respond to of 20297
 
<CheckFree doesn't take the money out until the authorization date. Correct? >

That's what I thought. And yet the story quotes Matt Lewis, who seems to be conceding the point:

"No one will say they don't mind losing money," said Matt Lewis, executive vice president of CheckFree Holdings Corp. in Atlanta, which helped found the EBA. "But the convenience overcomes any other issue. It's so much easier to pay electronically by pointing and clicking. People go online to pay because they are busy. Their time is more important than the 2 percent [interest earned] on the float."