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February 3, 1999
TransPoint Is Courting Portal Partner
Last week, CheckFree Corp., the industry's dominant vendor of electronic bill payment and presentment services, confirmed it was joining forces with a major Internet portal, widely rumored to be Santa Clara, Calif.-based Web titan Yahoo! Inc. Not to be outdone, CheckFree rival TransPoint is lining up a deal with its own portal partner: Microsoft Corp.'s MSN. "We've been in discussion with portals for some time, and we've always made it clear to our billers that we intend to work with portals," says Warren Dent, senior vice president for marketing and business development at Denver-based TransPoint. "We will be working with MSN. We're developing the contract now." The new service, which will enable consumers to access billing information over MSN, is expected to go live in the spring, he adds. An alliance with MSN is a natural for TransPoint. Formerly known as MSFDC, the fledgling company is a joint venture of Microsoft and First Data Corp.; last fall, Citibank also climbed aboard, buying a minority equity state in TransPoint. It is now piloting an Internet bill delivery and payment program with banks and other financial institutions. Although Dent won't disclose what role TransPoint's bank clients will play vis-a-vis MSN, they are integral to Web-enabled bill delivery, he says. "We have a different approach than CheckFree's because we center on combining bank and portal capabilities. We don't want to offend our bank partners."
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