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

To: TLindt who wrote (5923)	7/18/1998 2:55:00 PM
From: Paul Franceus	Read Replies (1) \| Respond to of 8545

<<IBM Corp. has faced the fact that Secure Electronic Transaction payment systems are not catching on in North America. Big Blue, which has been one of the staunchest supporters of SET, announced Wednesday that it had signed an agreement with CyberCash Inc. to integrate its Secure Sockets Layer-based payment systems with the next version of the IBM Payment Server.>> <<So what does this all mean....>> Tom- Having dealt with IBM for years, you have to realize that they are so large that often they will seem to do things that don't mesh and even conflict with each other. I think what you are seeing is another side of IBM. CKFR, IBM and Integrion are in the place of secure billing and payment for standard types of bill - credit card, mortgage, etc. This looks to me more like the "debit my account when I buy this widget from you over the web" type of payment. Frankly, I'm not surprised to see IBM do both. I don't believe that CKFR is heavily involved in the direct payment types of transactions. Please correct me if I'm wrong. Even now, I buy hardware, software, books from Amazon over the web with my Visa, and use some sort of infrastructure to get my credit card number to the vendor securely. Then, I pay my credit card bill once each month through CheckFree, right? CKFR, as I've understood it, doesn't have anything to do with the front end of that transaction, but when it comes time to actually move the money from my bank account to my credit card, they are all over that. Here's the section where I give my opinion- To be honest, I like using my normal credit card. I don't plan on using anything like a electronic wallet or ecash anytime soon. Can't refuse payment on that, and it's not as flexible. I don't think it's gonna catch on. But bill payment and presentment by computer will save me much time and headache and money (and it already has). Paul --