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

To: Sam Biller who wrote (4045)	3/28/1999 1:40:00 PM
From: Brooks Jackson	Read Replies (5) \| Respond to of 20297

Sam: Now we know who the REAL pea-brained nitwit is. My only excuse is that I grew up in a state bordering on Michigan. It is clear from CKFR's 10K that CKFR is on the hook for customers' bounced checks when the payments are made electronically, but not when they are made by paper check on the customer's account. So the advantages of electronic payment involve a trade-off: what they save on postage and printing they risk losing, in part, through bad checks. It's right there in CKFR's 10K: The Company uses the ACH to execute certain of its customers' payment instructions. Like other users of the ACH, the Company bears credit risk resulting from returned transactions caused by insufficient funds, stop payment orders, closed accounts, frozen accounts, unauthorized use, disputes, theft or fraud. ... The Company bears no credit risk with paper drafts written on a customer's checking account returned for insufficient funds, stop payment orders, closed accounts or frozen accounts. ... Risk Mitigation. The Company's patented bill payment processing system determines the preferred method of payment to balance processing costs, operational efficiencies, and risk of loss. The Company manages its risks associated with its use of the various payment clearance systems through its risk management systems, internal controls, and system security. The Company also maintains a reserve for such risks, which reserve was $1.9 million as of June -16-<PAGE> 17 30, 1998, and the Company has not incurred losses in excess of 0.76% of its revenues in any of the past five years. So your poster knew what he was talking about -- and I didn't know as much as I thought I did about CKFR's behind-the-scenes operations.

To: Sam Biller who wrote (4045)	3/28/1999 8:26:00 PM
From: BeverlyB7	Respond to of 20297

I have been looking for the Quicken '99 version for Macintosh - and cannot find it. Have they stopped making it? Do I have to move to the PC version - to be used with a PC emulator??? Thanks for any help! Beverly

To: Sam Biller who wrote (4045)	3/29/1999 8:54:00 PM
From: Roger Bass	Read Replies (2) \| Respond to of 20297

FYI CheckFree is moving to a so-called 'Good Funds' model, where availability of funds is verified before payment. New versions of the client software for bill payment will support this model. I'm unclear on the exact details of how this works, though. There was an agreement with Visa announced some time ago - that may also have something to do with this, ie real-time balance enquiry (& debit ?) processes to many consumer accounts.