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Technology Stocks : Son of SAN - Storage Networking Technologies
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To: XOsDaWAY2GO who wrote (1101)3/5/1999 8:17:00 PM
From: J Fieb  Read Replies (1) of 4808
 
XO, EDS sold it's stake in Hitachi Data Services. They have said that they will be very agressive in FC SANs. Does anyone know if they would still use HDS's FC solution or work on their own. They may need some FC stuff for this contract..........

EDS Weaves Web For
Nation's Credit Unions

The U.S. Central Credit Union, which provides
centralized support services to the nation's
11,000 credit unions, yesterday extended its
20-year-old outsourcing relationship with EDS
in a new, seven-year contract that includes
development of Web-based applications.

Development and rollout of the applications
will occur this year, according to Chuck
Purvis, senior VP at U.S. Central.

Web access to the payment transaction
system that EDS developed and hosts for
U.S. Central, for example, will speed business
activities and cut costs at credit unions by
eliminating paper-based reports. The higher
efficiencies and cost reductions can be
passed on to members of the credit unions,
which are not-for-profit organizations, Purvis
adds.

Last year the payment transaction system
handled 21 million transactions, such as
credit card settlements and investments,
worth about $5 trillion for the credit unions and
their members.

-- Bruce Caldwell

iweek.com
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