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

To: Benny Baga who wrote (5832)	6/1/1999 7:47:00 AM
From: Benny Baga	Read Replies (2) \| Respond to of 20297

>>>With development of open standards for exchanging data, banks and portals will be able to ply the Web for bills from companies and the vendors who help them format the bills electronically, Mr. Burnham said. Well, Mr. Burnham made this same prediction more than a year ago (in his book), and it doesn't appear that the industry moved very much. If anything, the industry has moved towards CheckFree. Question to Mr Burnham: When will this happen? (2, 5, 10 years?) Not that I totally disagree with Mr. Burnham, but I think he under-estimates the time in which the industry will move towards a common standard, and actually use a common standard (some small banks/billers may never do this, and some mid-sized bank/billers will take their time). IMHO, it will take many years, and in the end banks will still outsource, as they do today with Credit Card processing (apples and oranges I know). And even then there will be needs for Pay-anyone, customer care, payment tracking, moving the money, etc., Benny(IMHO)