The president and chief executive of Checkfree Corp. gave investment bankers a sneak preview of his company's retail electronic banking products and services last week even as banks were warned that not building such capabilities on their own can cost them customers.

Addressing the Securities Industry Association's Information Management Conference in New York last week, Checkfree's Pete Kight highlighted the rapidly blurring distinctions between banks, investment banks, and brokerage firms - a phenemonon triggered by advances in technology.

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