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

To: Big Al who wrote (3727)	4/29/1998 6:11:00 PM
From: TLindt	Respond to of 8545

I took it this way....banks don't have the inter-relationships to other banks which CheckFree will have....when they are dealing with all the banks live. ie they can transfer money from Nations to Chase on behalf of a Nations checking account holder making a mortgage payment to Chase, without using the Fed? Which I took to mean banks now use the Fed to process that manual transaction...and pass a charge for doing so. CheckFree can do it inhouse, in the blink of an eye. I think when CheckFree has both ends of the payment they can process the debit & credit in house without using the Fed. The Internet will change a lot of things.....I just don't think that Pete wanted to go into usurping a current government task at a public press conference....Just my take.

To: Big Al who wrote (3727)	4/29/1998 6:30:00 PM
From: Benny Baga	Read Replies (2) \| Respond to of 8545

My understanding: When CheckFree plugs into IFS (Integrion Financial Services), it will have access to so called 'Good Funds'. Good funds does two things for CheckFree. First of all, it lowers their risk. In a good funds environment, the financial institution takes the responsibility should something go wrong with a payment. Secondly, good funds will also CheckFree to send more payments ACH instead of cutting a paper check(which in our experience currently occurs 85% of the time). This reduces the cost for CheckFree and decreases the chance of payment errors. Good funds is a win situation for CheckFree. My guess on the "No Comment", is that, first this is a huge advantage for CheckFree over any competitor. Secondly IFS will be acting as a Clearing House, which the Banks don't want to advertise and neither does CheckFree. A competitor could complain that CheckFree has an unfair advantage (IMO), or even slow down IFS with questions of Gov. regulations(IMO). My knowledge of ACH, Good Funds, etc. is very rusty...I welcome any corrections to my statements. Benny(IMHO!!!)