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

To: Charlie Smith who wrote (1198)	1/12/1999 5:31:00 PM
From: Gregg Soster	Respond to of 20297

Charlie Smith wrote... >>>Of course they do. Still thousands of these smaller institutions around. I'm sorry Charlie but I disagree. The top 25 FIs account for 80% of the checking accounts, Travelers could have put together a nice portfolio if they were able to get 500 or so banks, provided they all added up to a couple a million BP accounts. Now that M&I has taken over Travelers the neutrality is gone from the Travelers BP offering leaving only M&I banks for real prospective clients. M&I banks will go with M&I, Fiserv Banks will go with Fiserv, BiSys banks will follow Bisys.... ect. Exceptions, sure but the herd mentality will divide them up. Was it good for M&I? I assume they paid a fair price and can now take care of their customers without depending on a third party. Offer them a turn-key solution which can leverage other services from M&I. Was it good for Travelers? Given that the vast majority of their banks were M&I, they weren't making any headway into other major banks, they probably did the right thing for their shareholders. With few exceptions, banks find it hard to let other banks do their processing for them, too much risk in exposing their customer base to the competition.