ONLINE BANKING TO OFFER RETAIL, WHOLESALE OPTIONS/
PAYMENT PROCESSORS, VANS DISCUSS CONNECTION
March 5, 1998
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CORPORATE EFT REPORT via NewsEdge Corporation -- The emerging Internet-based "home" banking networks will make it possible for businesses, as well as consumers, to receive billing statements and send payments electronically.
"We are anticipating it will be a great platform for business- to-business [electronic commerce]," says Bryce Hausmann, vice president for business development at Denver-based MSFDC, a joint venture of Microsoft Corp. [MSFT] of Redmond, Wash., and First Data Corp. [FDC] of Hackensack, N.J.
MSFDC rival Integrion -- the Philadelphia-based banking network owned jointly by 18 financial institutions, International Business Machines Corp. [IBM] of Armonk, N.Y. and San Francisco-based Visa -- also is eyeing the business-to-business market.
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