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To: BitWizrd who wrote (9306)8/24/1999 1:37:00 PM
From: Benny Baga  Read Replies (1) | Respond to of 20297
 
No surprise here...

electronicbanker.com

Chase Manhattan Corp. will use Edify Corp. to present electronic bills to bank customers in the forthcoming Spectrum pilot

Duh? Although it would have been funny if Spectrum actually used CheckFree.

The launch date for Spectrum, originally known as The Exchange, has been misreported elsewhere as September fourth.)

Yeah, in the New York Times...

techstocks.com

...Spectrum will name its billing product "QuickBill," and will begin testing its services on September 4 using 400 Wells Fargo mortgage customers who will be able to receive their bill online.

Now the question is, did NYT make up the Sept. 4th date or was it given to them. Seems kind of specific to make up?

Benny(IMHO)



To: BitWizrd who wrote (9306)8/24/1999 1:49:00 PM
From: Benny Baga  Respond to of 20297
 
Re: Exchange/Spectrum

The funning thing is it seems that Wells is working with JITS for Bill presentment and Chase is working with Edify. First Union seems to be doing nothing but fighting lawsuits (and hiring back some of the tellers that they fired).

IMHO, even with the few partners in Spectrum it's going to be hard to fit the pieces of the puzzle together. Under Spectrum each bank is responsible for getting their "own" billers up and running, which could create major problems. If First Union doesn't keep up with Chase and WFC, they would in a way, be financing both Chase's and Well's EBPP offering.

Not to mention if a biller wants his bill presented on the #1 portal in the World, they will have work with CheckFree.

Benny(IMHO)