Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: micny who wrote (7292)	9/3/1998 10:07:00 AM
From: TLindt	Respond to of 8545

Here is a good start for the CKFR thread header...right off the last press release. It talks about the potential of this market we are after. Couple links to sites, and we're done. ''Leading-edge companies like Edison are quickly recognizing the benefits that electronic billing provides not only to their customers, but also to their bottom line,'' said Peter J. Kight, chairman and chief executive officer of CheckFree. ''The ease and efficiency that customers receive from paying their bills online, combined with the reduced costs to the businesses who issue those bills, makes electronic bill presentment and payment a winning proposition for everyone.'' The ability to view and pay bills over the Internet provides consumers with flexibility in managing personal finances with their home computer. CheckFree E-Bill enables the consumer to go to one Web site, receive and pay multiple bills without the cost of postage, and eliminate the hassle of check writing. With the consumer's selected bank Web site as the primary access point, the consumer can, in addition to paying all of their bills electronically, manage their bank accounts, make investment decisions and access additional products and services on-line. According to a recent study by Killen & Associates -- a market research firm based in Palo Alto, Calif. -- by the end of 2000, almost 8 billion repetitive bills will be presented electronically each year. The study also states that sending paper bills costs 60 cents to $1.40 per bill, while presenting bills on-line can cut that cost to approximately 50 cents. Overall, the Killen report asserts that U.S. utilities could save $1.2 billion in billing costs by using electronic bill presentment and payment. Companies currently offering electronic bills to their customers through contracts with CheckFree E-Bill include 25 of the nation's larger billers and the nation's largest statement processor. Combined, these companies represent the potential for more than 400 million electronic transactions per month. Recent CheckFree E-Bill agreements include AT&T, Bank One, Intuit's Quicken.com, and the Public Service Co. of New Mexico. Of interest to Members of this thread is what will CheckFree's percentage of this new 8 Billion annual transaction market be? Checkfree's 1997 annual processing volume was 85 Million transactions. Each 1% of the projected E-Bill Market translates to nearly a 100% increase in CheckFrees 1997 Volume. Many of us have been following this company for years and are excited by this Massive E-Bill Market opportunity. CheckFree currently enjoys a 70% market share in bill payment, prior to launching this E-Bill service through Bank Partners Web Sites. CheckFree counts among its' Bank bill pay distribution network 9 of the top 10, 24 of the top 25 and 40 of the top 50 Financial Institutions in the U.S. A link to CKFR bank partner site on corporte page. A link to press on integrion 10-year deal at integrion site. A link to integrion site.