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To: Benny Baga who wrote (3988)3/26/1999 8:04:00 AM
From: Benny Baga  Respond to of 20297
 
TMF Interview With Intuit Inc. President and CEO Bill Harris

fool.com

TMF:
You mentioned the electronic bill paying business where you provide the front-end services and Checkfree, your partner, provides the back-end services. Which of these partnerships, especially in financial services, do you see blossoming in the future?

Harris: Well, a whole host of them. I think the definition of connective financial activity assumes and requires an electronic connective partnership of multiple entities. So for instance, when we do tax preparation we are connecting with the IRS and most of the states electronically. And electronic filing volume is just soaring. This year's volume is more than double last year's volume, and last year's volume is more than double the prior year.

Just about everywhere you go in the financial space, whether it's insurance or mortgages or bill payment or presentment or banking or brokerage or online payroll or business services, effectively what the Internet allows us to do is connect the front end and the back end to the benefit of the customer and the provider. That's kind of the essential piece of what makes online financial activity so promising.