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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: Cymeed who wrote (954)	12/12/1997 10:11:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 8545

<<< What IBM has to do with electronic banking ? >>> newsalert.com Note towards the bottom the description of Integrion: <<< MOUNTAIN VIEW, Calif., Dec. 10 /PRNewswire/ -- Intuit Inc. (Nasdaq: INTU) today announced that it plans to enable consumers to view electronic bills in the new version of its best-selling personal finance software program, Quicken 98 for Windows. The new service, Online Billing through Quicken 98, is based on an open architecture electronic bill presentment server solution featuring the Open Financial Exchange(TM) data communications protocol. The Open Financial Exchange specification was initially created by Intuit, Microsoft and CheckFree and is now supported by a broad array of financial service, processing and technology companies. . . . "Integrion fully supports Intuit's and its partners' approach to electronic bill presentment, as it is consistent with our member banks' strategy of full participation in an open bill presentment industry," commented Bill Fennimore, President of Integrion, a consortium of 17 leading banks, IBM and Visa U.S.A. Other news worth reading: newsalert.com If you have time, check out the web site, too: checkfree.com Good luck! Pat

To: Cymeed who wrote (954)	12/12/1997 10:28:00 PM
From: Charlie Smith	Read Replies (2) \| Respond to of 8545

Cymeed: IBM competes with CKFR in the sense that it participates in the business of electronic banking thru Integrion, and could no doubt choose to offer back end E-payment processing like CKFR if it so desired. In my opinion, IBM sees that CKFR offers the best, most entrenched E-bill/payment platform going today, and chose to buy CKFR's services rather than compete. Regards, Charlie

To: Cymeed who wrote (954)	12/15/1997 10:48:00 AM
From: Gregg Soster	Read Replies (1) \| Respond to of 8545

Is IBM a competitor of CheckFree? Yes and No, they have developed a banking front-end piece and middle-ware piece for Integrion. They have created a bill payment engine to compete with CheckFree. They have blessed the 10 year agreement between CheckFree and Integrion and in so doing blocked themselves from those banks. IBM's bill payment engine is very immature, barely tested and never run in a real production mode, I think that is why they blessed the deal. At the end of the day, IBM will create and market wonderful front-end and middle-ware, hardware, network services but leave the ugly business of bill payment to the experts - CheckFree.