Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1 -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (493)	6/23/1999 12:30:00 PM
From: Box-By-The-Riviera™	Respond to of 1013

here's some of the points made during the Exchange conference call The Exchange will be owned and operated by chase, first union and wells fargo. regarding bill presentment, there are three levels: electronic billification..... generating the bill routing the bill to the consumer actual presentment The goal of the exchange will be the routing or middleware component and will base itself on the OFX standard 1.5. any biller (regardless of their technology) and any end presenter (regardless of their technology) will be able to work through tthe exchange if they can communicate via the OFX standard. between the 3 institutions they have 59,000 corporate and instituional customers (potential billers) and 60 million customers (receivers of bills). Already between the three partners in the exchange, they currenty present over 300 million bills from mortagages and credit card statements, for example. The hope to roll out the exhange by october, prior to the y2k freeze and they are currently in beta testing. Their primary technology partner is SUNW. They hope to be the plumbing of e-commerce as well as enhance their own e-commerce/f-portal initiatives. They do not see this as a competitive issue in their pre-existing relationship to the integrion consortium... though one might debate that. Any thoughts anyone????? regards Joel