S1: Doing Business in a Dot Com Depression, -V1 Message Board

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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1

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To: tuck who wrote (902)	11/15/2000 8:37:49 AM
From: Rob C.	Read Replies (1) of 1013

Here is why the stock is down... In Brief: Chase Switches to Corillian for Net Banking Wednesday, November 15, 2000 By Megan J. Ptacek NEW YORK - Chase Manhattan Bank said Tuesday that it has signed a licensing agreement to use Corillian Corp.'s Internet banking platform. A spokeswoman at the $425 billion-asset bank said Chase is switching to Corillian's Voyager platform from one that was provided by Edify Corp., now an S1 Corp. subsidiary. Chase Internet banking customers will still to be able to pay bills, transfer funds, and make balance inquiries, the bank said. "Corillian Voyager's scalability and openness will give us the flexibility to add different products and services to the platform without having to make an additional investment in infrastructure," said Bruce Zimmerman, Chase senior vice president. Beaverton, Ore.-based Corillian also provides Internet banking platforms for Bank One Corp., SunTrust Banks Inc., Citigroup Inc., Huntington Bancshares, and Wachovia Corp.

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