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Gold/Mining/Energy : BCE Emergis - global e-commerce -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (708)	5/10/1999 1:18:00 PM
From: dav99	Read Replies (1) \| Respond to of 1341

do you really think people will choose to pay their bills thru their portal rather than their bank? i doubt it. the biggest problem with the net today, for the average user who may or may not already be online, is security. the perception of a portal serving the masses will be that it is less secure than a financial institution. who will the not-online-yet user trust first, YHOO or BOA? easy answer there, BOA. portals are only offering the online bills because everybody is talking about it. it will never be their bread & butter; quotes, news, non secure info. will. as far as serving both portals and banks, banks who now offer e-bill thru CKFR are only with CKFR because they are the only player at the moment. as competition comes about, it would be short-sighted for any bank to only use CKFR. thats why BOA is setting up their own site. flexibility in this constantly changing industry is the key. I suspect this is a big part why IFM hasn't proceeded with their acquisition yet, let's see how the field plays out. furthermore, the only way two competing banks will use the same processor is if there is an 'E-route' consortium in the US and there isn't one -- yet. take intuit lawsuit as an example. lots of problems to overcome if you are going to serve all the big players. Edify, IFM are just the beginning of the new competition. i'm not bearish on CKFR i just see their specialization as a limitation to their future in let's say 3 years from now. look how everyone's acquiring, consolidating, merging in every indusrty, oil to technology. CKFR can't stand alone, probably be bought by AT&T or YHOO (or even IFM). maybe you should buy some IFM traders to hedge (if u havent already). IFM's very inexpensive compared to CKFR.