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To: Brooks Jackson who wrote (10352)	9/20/1999 12:05:00 PM
From: D Mueller	Read Replies (1) \| Respond to of 20297

>>>Combined with the long lead times inherent in electronic billpay (it can take a week if there's a long holiday involved) requiring "good funds" seems to me to be a major impediment for consumer adoption. Seems to me that it's just a matter of time before some bank figures out the possibility of differentiating their offer from their competitors and turning a perceived negative into a positive... What if Crestar as an example, charged $1 or $1.50 more for their bill pay service than the typical bank (say $7 per month insted of $5.95)and marketed the hell out of the fact that they use a risk based model for payment. I'm not sure what the extra charge would actually be and maybe a $1.50 is to low. The figure would probably have to go a long way towards eliminating the revenue advantage of the float for the bank, but I think the customer would latch on to it. Also, they would still have the ability to hit you with the fees for overdrafts. Don

To: Brooks Jackson who wrote (10352)	9/20/1999 12:39:00 PM
From: Gregg Soster	Read Replies (1) \| Respond to of 20297

Requiring "good funds" is like selling a Corvette with a 55-mph governor on it. Dumb. Just-a-minute, there are VERY good reasons to use good funds, I personally like good funds over risk-based. I just wanted to "educate". Good-funds value: 1. Real, Real-time account balances 2. Much lower customer service costs, goes right to the bottom line. 3. Reduces fraud, goes right to the bottom line. 4. Allows futures possibility of person-to-person payments in real-time, very kwel. 5. Other than the float issue, this is much better for the customer. It will lead to lower costs, better service, tracking of payments "in-the-stream", posting info, ect.