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


To: Robert Scott who wrote (2122)2/28/1998 8:52:00 AM
From: Benny Baga  Read Replies (1) | Respond to of 8545
 
>>>For me, it would have to be cheaper and offer an automatic tie-in to check writing to make sense.

I can relate to this experience. About three years ago I was trying convince a friend to use CheckFree, at the time the monthly charge was $9.95 for 20 bills, he said it was more expensive than stamps. About a year later CheckFree lowered it's rates to $5.95 for 20 bills. Although the cost was about break-even depending on the number of bills, he decided to go with CheckFree(and lived happily ever after). As stamps get more expensive, I wonder if we will see more people switching to CheckFree. Five years from now how much will a stamp cost?

Benny



To: Robert Scott who wrote (2122)2/28/1998 11:02:00 PM
From: Brooks Jackson  Read Replies (3) | Respond to of 8545
 
Robert -- Thanks for explaining your reasons for NOT being a CKFR customer. This is important. One big danger for CKFR is the possibility that only a tiny fraction of online geeks and gadget lovers will ever want to use the service, and the rest of the world will just go on licking stamps every month.

However, the service is now FREE where I bank -- Citibank. I think other banks are using it as a loss leader as well.

And it IS automatically tied into checkwriting, via Quicken. I click a couple of times, type in the first two or three letters of the payee, which pops up the full name, type in the amount (if it's a recurring bill, like the cable-TV company, I don't even have to do that.) Then, click to send, and not only is the bill paid but the details are in my Quicken register. And I know within 24 hours when the payment clears, too.

I'm not trying to sell you on it. I just think it WILL catch on. Contrary opinions invited.