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

To: AugustWest who wrote (4904)	6/7/1998 9:10:00 AM
From: TLindt	Read Replies (1) \| Respond to of 8545

Another Tid Bit.... From the press on the Visa Deal..... ''Our joint venture with CheckFree enables Visa to combine its core strengths in the electronic payments realm with the resources of the leading electronic bill payments processor,'' said William E. Stewart, executive vice president of Visa U.S.A. ''The result is a superb payment infrastructure that supports our member financial institutions' home banking and remittance concentration services and the needs of their customers.'' ''This is a huge win for America's financial institutions, billers, and ultimately consumers,'' said Peter J. Kight, chairman and CEO of CheckFree. ''It absolutely delivers on the power and efficiency of electronic payment processing -- and it's built for financial institutions, billers and consumers and backed by the payments expertise that Visa delivers. This alliance marks the beginning of a new era as we move to all-electronic delivery and settlement for electronic bill payments and even small business and consumer-to-consumer payments.'' About Visa Visa is the leading card brand and the largest consumer payment system worldwide. It plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions, their cardholders, and the global economy. Visa is the only consumer payment system to facilitate $1 trillion worth of purchases of goods and services in a fiscal year. Visa's nearly 600 million cards are accepted at more than 14 million worldwide locations, including more than 400,000 ATMs in the Visa/PLUS Global ATM Network. Visa's Internet address is visa.com. Consumer to Consumer caught my eye...and so did the 600 Million Cards. Does that mean that anybody who personally holds a Visa Card, [credit/debit], could now accept a remittance from CheckFree as a payment from one Consumer to another Consumer? ie 600 Million endpoints?