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

To: p friend who wrote (10312)	9/19/1999 9:22:00 AM
From: p friend	Respond to of 20297

Checkfree idea: "Last year, for example, the Fed did a study to find out why only 50 percent of the country's employees have paychecks deposited directly into their bank accounts. It found that those who hadn't signed up were motivated not by convenience but by "issues of security, privacy and problem resolution." I go to a Checkfee run website and enroll as an electronic payee. Then I give my employer and anyone else that pays me regularly my Checkfree payee number. Whalah! If I want to dump my stupid bank in the future, I only need to go one place (Checkfree run website) to tell it where to send all my deposits and no one even needs to know where I keep my money, except trusted/guaranteed Checkfree. Not even my employer or the Social Security Administration.

To: p friend who wrote (10312)	9/19/1999 9:25:00 AM
From: p friend	Read Replies (1) \| Respond to of 20297

"Lewis Levin of Transpoint says there are several ways this new model could work. A customer could be notified by e-mail or regular mail that a bill is waiting at a Web site, or he could be told it's his responsibility to check a specific Web site each month." NOT! If he thinks this will work, we are in better shape than ever. Don't try to tell the consumer that it is her responsibility to go find her bill somewhere. She wants it easier and brought to her and she does not need to put up with this.

To: p friend who wrote (10312)	9/19/1999 9:27:00 AM
From: p friend	Respond to of 20297

"A few banks, such as Bank of America and Citigroup, are large enough to run their service in-house, and often without a monthly charge." This is old B of A California only, correct?

To: p friend who wrote (10312)	9/19/1999 9:31:00 AM
From: p friend	Read Replies (1) \| Respond to of 20297

"Before a bank will write a check on a consumer's behalf, it requires having the money in hand to ensure it doesn't get stuck with a bad debt. That means taking it from a customer's account early enough – up to a week, to be exact – to deliver the payment on time. The upshot is that consumers paying bills online not only lose the classic float in banking – the time between when a check is written and when it clears an individual's bank account – but also are giving banks an additional float in the form of free use of their money for up to a week, industry analysts say." This is not Checkfree's approach as I understand it. This is "before a "bank" will write a check on a consumer's behalf. Checkfree will write a check without knowing whether a consumer has the money and mail it. The consumer is responsible for having the money in the account when the check clears. Again, I think this is how old B of A California must have viewed their responsibility in running their own pay anyone system.