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

To: Big Al who wrote (2374)	2/6/1999 11:31:00 PM
From: Sam Biller	Respond to of 20297

The problem I have with the specify processing date method is not so much the loss of float (my interest checking account w/ NationsBank earns about 0.75%) but the fact that I need to worry when to tell the bank to process the bill so it arrives on time. I personally get a bill in, launch Quicken, enter the date the bill is due in the date field (or sometimes a couple of days sooner) along with the amount, and hit send. I don't have to figure out whether the biller is electronically enabled or not. CheckFree does the work for me and reduces the possibility of error. In addition, although some payees are electronically enabled, CheckFree will sometimes issue a paper check anyway. I believe it has to do with the size of the payment and other factors that are part of CheckFree's proprietary database. Sam

To: Big Al who wrote (2374)	2/7/1999 9:22:00 PM
From: Mr. Mo	Read Replies (1) \| Respond to of 20297

Allen, Thank you for your "inside scoop." Actually, over the last few days I have been able to independently verify much of what you spoke about. I have been monitoring my online payments very closely and checking the BankOne website regularly, and was pleased to discover that, yes, as you suggested, most of them are transmitted on the date that I specify. That makes me feel much better about the whole deal, but I still think BankOne could do a better job making this clear. And I fear that this will be a real deterrent to signing up other users...especially those that don't really understand how this stuff works. There's already a whole lot of ignorance out there about online banking, you know. Just the other day, when I was in BankOne signing up for this service, I struck up a conversation with the female employee who was helping me , and among other things, I asked her if she herself used the online banking. To my dismay, she answered "No, because my husband is afraid it's not secure." Is that ridiculous or what?! What a sorry state of affairs when a bank employee cannot convince her own husband of the value of online banking. This tells me we may still be a long ways away from real acceptance. Hope I'm wrong... Maurice P.S. BTW, Allen, what do you know about BankOne's timetable for online bill presentment? Anything in the works that you know about?

To: Big Al who wrote (2374)	2/7/1999 9:36:00 PM
From: JimNewby	Respond to of 20297

Just a little side note on your banking discussion from my own experience. I'll deposit a big check in my bank and ask when I can draw against it. The answer I get comes from ancient history; two weeks! Everyone knows that in todays electronic Fed Reserve system, 1-2 days is reasonable. I used to think it was a float thing until I started checking back to see if the deposit cleared and sure enough, one or two days was enough. Bottom line; banks are slow to change. I once dropped a $10,000 check off at a Fidelity office in St. Louis. It was drawn on an Arizona bank. The check had to be physically sent to Boston and then through two Federal Reserve Banks, then to my Arizona bank. Two days. Jim