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

To: Roger Bass who wrote (1881)	2/23/1998 8:09:00 AM
From: TLindt	Read Replies (1) \| Respond to of 8545

>>It may be that MSFDC will be processing payments for free to CF >>billers. It may also be that only MSFDC billers will be present on >>those banks' billpay sites, which would of course undermine the >>value to consumers of those services. Any clues on this ? Nope......I'm still trying to figure out how a Bank who is running on Checkfree online banking platform could go with MSFDC bill presentment and make the payment part work....If Checkfree is already providing it as part of the existing platform. I have an outside hope that the only reason these banks are in pilot is so they can get the 'receive' bill bugs ironed out with MSFDC...and the service ready for retail delivery. I see a consolidater role, as just that, a consolidator. If a Checkfree Bank or Quicken is consolidating billings then I'm taking it literally. ie They are not only consolidating billings from an AEP/Checkfree but also a JCPenny/MSFDC. Otherwise how would you choose your Bank? Based on the numer of online bills presented? Then pick up another Bank account to get the other 1/3 of bills you don't get with your perfered service? I don't think so....If it were done that way the service would never make it...it wouldn't work IMO. So what I find the hardest to understand is how MSFDC will make anything when a CheckFree supported vendor presents a billing to and MSFDC Bank consolidator.....and the Customer clicks the Pay Button? MSFDC doesn't charge the Bank.....from their press releases... "Unlike current electronic bill payment services that charge banks for payments made by their online customers, the MSFDC service includes no fees for the branding banks, like Norwest. In fact, MSFDC will share revenues with financial institutions that offer the service. " If they are not charging the Bank........what revenue are they going to share? Tag'um with their share of the losses on making payments to CheckFree Vendors? I'm just very skeptical on how someone can do something for free. When like you say there is a cost to preforming this service. And as a large biller....mega millions of bills...I can't see why I'd be stupid enough to sign with MSFDC and absorbe the cost of preforming the Bank function of payment into my presentment costs. But then there is another line to the press....."There also are revenue opportunities for banks that offer the MSFDC service to their commercial customers. " So there is a Bank Revenue Enhancement opportunity here for an MSFDC Bank? Let's pass all the cost of this to your Commercial Customers....aka Billers. Like I said a couple hundred posts ago.....I'm not stupid....IF I were a large biller I'd switch banks and cut my costs of doing business. A million here, a million there it all adds up. It's a different model alright........one which should simply say "'Bend over Billers.......We got a deal for YOU!!!"