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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (702)	12/15/1998 3:24:00 PM
From: zuma_rk	Read Replies (2) \| Respond to of 20297

<<I believe that on-line trade processing will be as big or bigger than other forms of e-commerce in terms of the number of completed transactions..>> I'm in the same camp as you (and in total agreement). The on-line brokers already have the technology to send automatic e-mail alerts of price/volume movements, as well as trade confirmations (in fact, Quicken even automatically downloads general price & volume alerts when you connect to the web). Electronic delivery of trade confirms to the consumer's site of choice is a great idea. Probably, the biggest hurdle is regulatory clearance. It's probably mandated to send a paper-based confirm, although I'd bet the NASD/SEC would be open to change over time... JMHO, RK

To: Triffin who wrote (702)	12/15/1998 10:13:00 PM
From: BitWizrd	Respond to of 20297

What we need is an ANSI confirmation message approved by the x12 subcommittee for use with the standardized EDI transaction sets. Since e-mail statements and paper statements can be forged easily, the standard EDI confirmation message would ideally require a cryptographic ('digital') signature from the the clearing house. In the event of a dispute, CheckFree (or some other non-party warehouser of transaction history) can verify or disprove the signature on the electronic statement. However, the point is moot until the federal government adopts one of the pending pieces of legislation that would recognise the validity of digital signatures. Bit.