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

To: Brooks Jackson who wrote (10319)	9/19/1999 12:39:00 PM
From: David H. Zimmer	Respond to of 20297

I have been a passive listener of the boards over the last couple days. What the current discussion tells me is that we are bout to be thrust into a regulatory environment wherein applicable banking laws may have a consequence. Yesterday's discussion dealt with the receipt, submission and use of both sides of an individual's ABA routing and account number for both payment and receipt of same. That;s what a bank, or what we now know of as a bank does. There are other alternatives, such as Fundtech and the like, but I am unfamiliar with what they must do to comply with the current regulatory framework. I will take a look at the ramifications of this type of payment and receipt capability as it reflects upon current regulation and request that others do the same. I am not as concerned with the "float" issue put to post by the Washington based paper. When Spectrum was announced, I attempted to contact this reporter and received no reply. It is my belief however that the reporting is more above board than others and is not open for criticism. It was written however on a slant of concern, leaving the door open for the public relations department of CKFR, to dust off its desk and counter. I trust they will do so. Just another bump in the road to eventual success and reward for all involved. There are so many other avenues available for this type of medium however, that it has become a realization that all eggs in the CKFR basket was not the most appropriate form of investment. With that in mind, given the nature of the industry is essentially one that will make information available to the masses by the few, take a look at a few other TLindt picks. We have and are certainly pleased with their performance but more so for their future prospects.

To: Brooks Jackson who wrote (10319)	9/20/1999 10:25:00 AM
From: Gregg Soster	Respond to of 20297

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? "good-funds" as the name suggests, means that money the customer in tends to use to pay a bill must in in the account prior to the execution of bill payment being sent. The funds are deducted from the customer's account prior to the actual due date for several reasons: 1. Because the merchant may recieve a lump sum payment for many customers with a remittance advice statement telling them where to post the money, 2. A fraud reduction technique (can't send a check if there is no money), 3. Pre-funded payments drastically reduce customer services questions regarding whether the payment was "sent" by "newbies", There are two significant down-sides to the "good-funds" model, only one of which is ever recognized by reporters or banks. The float issues always is mentioned the second is NEVER mentioned: If Joe consumer sits down on Sunday to pay his bills for the month, he might schedule a payment prior to actually having the funds (imagine that), but he gets paid via direct deposit every 15th and 30th. He schedules a payment for the 17th with money he does not yet have, in "good-funds" he could not do that because it must be pre-funded. This in my opinion is a major stumbling block to reaching the masses who may live on a tight budget. Risk-based allows consumers to let the processor (CKFR or the bank) assume that the money will be there when the check is cashed by the processor. Float goes to the consumer. Many bank systems did not have "real-time" back-end updating (just a couple of years ago); they had to use the risk-based model, now most banks are "real-time" so they want to reduce customer service costs and fraud and risk so banks are going to "good-funds"... bye bye float.