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

To: Benny Baga who wrote (2184)	3/2/1998 12:33:00 PM
From: jjs_ynot	Respond to of 8545

It's "free" to banks since they are no in the loop. The bill goes to MSFDC consolidation network. Customer authorizes the payment on MSFDC sight. MSFDC goes to collect aggregate amount from the bank or brokerage or wherever the consumer indicates as the source of funds. A debit into the system just like an ATM debit or electronic check guarantee. The banks are merely one source of payment funds in this configuration IMO.

To: Benny Baga who wrote (2184)	3/2/1998 12:49:00 PM
From: AugustWest	Read Replies (2) \| Respond to of 8545

>>..So in conclusion, While MSFDC is advertising 'Free' to banks, they are just Charging (passing the buck) the Billers more. IMHO Could be one of their biggest pit falls,IMO. In fact I am 'banking' on it. Like I have said before, and still believe, this will put a bad taste in the mouth of the payer. Rational: "Why should I have to pay A LOT for this service while the banks get a kick back just for permitting MSFDC to handle my payments." It's even more appauling than the disgusting service charge they tack on to ATM transactions. If CKFR were doing the same, than there would be no choice. Sign up for bill payments, and pay dearly for it. This is not the case , yet. And I think MSFDC may have to re-evaluate who pays, and how much before they get a flood of people signing up. "People" being the key word. For the banks, it it too apparent to all that MSFDC has to reel in the banks some how. And this is it. "Free to banks." But if the masses don't like it, than the banks will have to foot some of the price. Hence CKFR, and liberation from MSFTs monopoy. This is all in my most humble opinion. A.W.