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

To: robert scheb who wrote (2364)	3/8/1998 6:43:00 AM
From: Benny Baga	Read Replies (3) \| Respond to of 8545

>>>Do you know how the system works on Quickens end? Quicken is really not involved at all in the back end. Basically when you make a payment (transmit), your making a transmission to Checkfree, telling them what payee and the amount. Checkfree will issue a check or e-payment, depending on if the payee is 'hooked' into checkfree. The money comes out of your checking by Checkfree, they make pre-authorized debits from your checking. The system is very reliable, after 5 years of use I have never had a problem. Good Luck, Benny

To: robert scheb who wrote (2364)	3/8/1998 12:58:00 PM
From: Glennd	Read Replies (1) \| Respond to of 8545

Hi Robert Checkfree contacts the recipient of the payment, if they can accept an electronic payment then CF completes the transaction with a transfer. If not, CF issues them a check. For being supposedly "High Tech" I believe most of the phone companies won't accept an electronic transfer. After the payment CF contacts your bank and your account is debited. I also am long on Checkfree, I am worried about Microsoft. I hope they only have vaporware at this time Glennd