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

To: TLindt who wrote (7459)	9/11/1998 8:53:00 AM
From: micny	Respond to of 8545

The big benny-fit of the Visa deal is that it will allow CF to KNOW when they remit that they are going to collect the funds...because the Visa deal will provide An ATM-like authorization link to account-holding fi's. Today, CF sends lots of paper payments to merchants (soon to be billers I hope) that they have electronic links to. They do this when their system says "this is a big/overlimit" payment and we don't want to take the risk that this customer doesn't have the money in his account, and the risk that the merchant may not reimburse them if he doesn't. In other words, they don't want to front the payment for the customer, not knowing if they can collect it. The Visa deal eliminates this RISK, and enables a much higher percentage of payments to be made electronically. In turn, this dramatically reduces errors associated with paper payments, which, in turn dramatically reduces customer dissatisfaction and customer service costs.

To: TLindt who wrote (7459)	9/11/1998 8:58:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 8545

>>>You spent time with them you could explain it so even this BoZo would understand exactly what is up with Visa. You're no BoZo, I wish I could trade stocks half as good as you do. I actually talked to Ravi (CheckFree CTO) on this issue. As it was explained to me the Visa deal is not a deal yet. The announcement in May? was just a letter of intent. CheckFree is basically waiting to see if Visa will be able to deliver their end of the bargain (remember Visa is structured like Integrion). The good news is that CheckFree is fairly confident that it has other ways to get "good funds" that are already built into Genesis. Back to your question...Gap, Eddie Bauer, etc.. were not discussed, but AT&T was. CheckFree made it very clear that it would not be involved in any type of Credit Card transactions (too many players), but if you were to pay your AT&T bill at the AT&T web site with your DDA account, CheckFree would be involved. It was also mentioned that AT&T would rather have consumers pay with their DDA account rather than Visa because of the 1.5% visa charge (not that CF is free, but it's cheaper in most cases)....so the conclusion I came to was that CheckFree could eventually provide this service to any web site. Benny