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

To: Roger Bass who wrote (4090)	3/29/1999 9:11:00 PM
From: Sam Biller	Read Replies (1) \| Respond to of 20297

>>>CheckFree is moving to a so-called 'Good Funds' model, where availability of funds is verified before payment.<<< This may be the change which took place at NationsBank Florida last year... Broadcast Message From NationsBank Date: Fri Nov 20 1998 03:31:04 am ---------------------------------------------- Important! CHANGE OF SERVICE NOTIFICATION. Beginning on December 4, 1998, the $25,000 maximum limit on any transfer made through QuickenTM is no longer in effect. The new maximum dollar limit will be equal to the available balance in your deposit account plus the available balance or credit available in any other account or line of credit attached to the deposit account to provide overdraft protection. Overdraft advances will be made in accordance with the terms of the agreement applicable to that account. ---------------------- Anyway, I have a $10k line of credit so I don't have a problem. This seems to be the good funds model... Sam (FWIW)

To: Roger Bass who wrote (4090)	3/30/1999 7:43:00 AM
From: Benny Baga	Read Replies (2) \| Respond to of 20297

>>>I'm unclear on the exact details of how this works, though. There was an agreement with Visa announced some time ago. CheckFree is working to get "good funds" in two ways. One it the Visa letter of intent, which is moving forward but will take some time. The Visa agreement will allow real time Good funds. The other is Genesis (a capability built into Genesis) to allow "Good Funds" from the Banks. This capability requires an additional feed from the banks, but it is very similar to an ACH feed. Some banks are already up and running on this "good funds" functionality (i.e. Wells, NationsBank), and most if not all should be up and running in the next 12 months. Although, this model is not "real time", but because of the 4 day lead time in payments, the effect is the same. Benny