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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: mariner who wrote (2261)	5/27/1999 2:48:00 AM
From: Scott Overholser	Respond to of 54805

about electronic bill payment: microsoft is jumping in big. ms has a product called transpoint(tm) (at least that is what i remember it being called.)

To: mariner who wrote (2261)	5/27/1999 7:55:00 AM
From: Mike Buckley	Read Replies (3) \| Respond to of 54805

mariner, I think you're right about the enormous potential of the market for the financial transactions business. Every time I think of studying it I decide not to because it appears to be so fragmented that such a study would be daunting. I think you'll find that the business will rather quickly blend into the automated marketing and customer relationship management business. If it doesn't happen by virtue of software suites that do all of it, it will happen by virtue of leading companies in the respective sectors teaming up with each other. I've already seen some signs of that though I'm sorry nothing specific comes to mind that I can immediately reference. That won't make it less important from a gorilla-gaming point of view, but it will make it harder to follow. As far as I know, CheckFree's primary market is individual bill payer using electronic means to pay bills through a bank or some other financial institution holding his/her funds. I think the massive growth in financial transactions will be the area of e-commerce on the Net in which businesses buy and sell to other businesses and individuals. I have a hunch that there will be some terrific winners but no gorillas coming from the space. I think every enterprise software company and integrator in the world will soon find it necessary to peddle financial transaction software for use on the web and that customers will buy from the seller who has the total enterprise-wide package of choice or some other mission-critical software of choice to which the financial transaction software is attached. Please keep us in touch as you continue your research of the industry and study of "the manual." --Mike Buckley

To: mariner who wrote (2261)	5/27/1999 8:26:00 AM
From: John Madarasz	Read Replies (1) \| Respond to of 54805

Mariner...Interesting post and thanks: As a new visitor recently invited here by a thread member, I was trying to familiarize myself with the thread specifics and was hesitant to post the very same question you raise here. If I understand the terminology correctly CKFR would fall under the heading of consideration for King status. Please refer to the following post:http://www.techstocks.com/~wsapi/investor/s-23511/reply-5688 The potential here is enormous I believe...literally on the scale of the online brokerage phenomena. Currently only 5% of the market has been tapped and Checkfree controls 80% of the business. My rationale is as follows...By using the growth in online brokerages as a catalyst is is reasonable to assume that more and more individuals are managing their finances comfortably on line. As the comfort and confidence level rises, the natural leap to online banking will be made. As one poster on the CKFR thread so appropriately put it...follow the money. Thank you to all for taking the time to suffer the thoughts of a new member to the thread...please feel free to let me know if I'm out of line here. Back to the manual Best Regards, John Madarasz

To: mariner who wrote (2261)	5/27/1999 10:07:00 AM
From: chaz	Respond to of 54805

How interesting! Just yesterday I was paying off some closing bills prior to relocating. Because I expect not to have a forwarding address for about 60 days, there will be no place where I can get final bills, or, for that matter, bank statements containing canceled checks. So, I simply paid the three bills in question with telephone plastic. Two companies had systems in place to allow me to do this, and the third has one in the works. At the time, I didn't think to ask whose systems they were. It was easy, simple, fast, and didn't cost a stamp or an envelope. If I could pay all my bills this way, I would do so. Previously, I have made both car payments and paid auto insurance premiums this way. What's interesting is that I have to ask if the creditor can take a telephone payment, the opportunity has not been volunteered to me. If the word ever really gets out, then yes, this could be pretty big. I'd like to have some feel for the advantage this gives to the merchant. I made my payments with a debit card, not a credit card.