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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: nokomis who wrote (955)1/27/1999 10:20:00 PM
From: BM   of 1673
 
CGI's role in the LVTS is outlined in today's release on Q1 results (see extract below). I don't know anything more than that for the moment but I believe it to be associated with a much larger e-commerce application.

"A $22 million contract over six years with the Canadian Payments Association to provide systems operating services for the Large Value Transfer System (LVTS) which will become operational in 1999. The LVTS is a national electronic system designed primarily for sending and receiving Canadian large value payments, expected to total more than $100 billion per day"
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