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

To: jjs_ynot who wrote (2187)	3/2/1998 1:10:00 PM
From: AugustWest	Read Replies (1) \| Respond to of 8545

>>But as a bank would you tolerate a system that basically takes you out of the transaction processing loop. dave, exactly! that's why MSFDC is offering it free( or better with $$ for each payment). But we can only hope that the FIs won't side with MSFT on any terms. 'cause we should all know Mr. Gates has other motives than just wanting the banks to like him!!!

To: jjs_ynot who wrote (2187)	3/3/1998 4:56:00 PM
From: BitWizrd	Read Replies (1) \| Respond to of 8545

>>>But as a bank would you tolerate a system that basically takes you out of the transaction processing loop. That is the question banks have to ask themselves. The bank quickly becomes a redundant entity in the payment process under the MSFDC model. << Too late! Funds can be debited from a DDA account (ie a checking account) without the bank's foreknowledge or consent. Only the consent of the account holder is required. Doesn't matter who is doing the debiting, MS or CKFR. In this respect, perhaps the banks should fear both equally. The difference is in the approach. CKFR offers the bank a turn-key solution that helps the bank profit - not from the transaction directly, but in indirect ways, like customer retention and other service fees.