NetBank(NTBK)-formerly Atlanta Internet Bank Message Board

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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: Mike Milde who wrote (1012)	10/24/1998 4:24:00 PM
From: Elsewhere	Read Replies (1) of 2414

NetBank's web site suddenly seems to be sitting at PSI, not AT&T. From the 10-K 1997: AT&T notified the Bank in August 1997 that it was discontinuing its Personal Financial Services offering. Management chose to expedite the transfer of those services from AT&T to a more directly controlled set of relationships. The Bank acquired the hardware and proprietary AT&T software in November 1997 and moved it intact to the BISYS electronic funds transfer (EFT) processing facility in Houston, Texas. The Bank contracted directly with Edify to license the Electronic Banking System (EBS) product previously managed by AT&T and contracted with CheckFree for the bill payment services previously provided through the AT&T relationship. The hosting of the marketing web site currently remains with the AT&T Easy World Wide Web group, but that relationship is currently under review. Well, it seems that the review was completed and an alternative chosen... Jochen

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