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: Gregg Soster who wrote (10318)	9/19/1999 10:21:00 AM
From: Brooks Jackson	Read Replies (2) \| Respond to of 20297

Gregg: So you're saying the story is basically correct? That for most customers the funds will go from their account BEFORE the check arrives at the payee? Yes, I have used CKFR first through Managing Your Money, and then through Quicken/Citibank. I push the button, five days later (depending on holidays) the check clears (sometimes more if the payee keeps the Checkfree paper check around for a while, just as for any paper check.) Only a couple of my payees actually get electronic payments, and even for them I push the button and the check clears in TWO days. I know we've been through this "good funds" thing before, but walk me through it again. How does it work? Who is affected? Is it going to be a customer turn-off, as this story suggests?