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Strategies & Market Trends : ZixIt Corporation (ZIXI) -- Ignore unavailable to you. Want to Upgrade?

To: Rick Smith who wrote (98)	10/18/1999 5:54:00 PM
From: Kevin Podsiadlik	Read Replies (3) \| Respond to of 4120

Arguably, the one thing holding most people and businesses from transacting business on the Internet is the lack of credible* security regarding payment processing.* I believe that ZixIt will give them that credibility That's one thing I've been wondering about. Credibility is, doubtless, a key issue here, with potentially billions of dollars of transactions going through the ZixCharge system. What I want to know, Rick, is where exactly Zixit gets its credibility from. It's not as if Zixit has a long, established track record in the field; twelve months ago, their field was recording tracks. To put it another way, what is going to lead paranoid consumers to trust their vital financial data to a company that a) they've never heard of before, b) consists of fifteen employees, c) is run out of a single office fifteen floors above a shopping mall, and d) is on its third business plan in 21 months?

To: Rick Smith who wrote (98)	10/18/1999 8:31:00 PM
From: jjs_ynot	Respond to of 4120

Rick, It is Integrion Financial Network, not Integration Financial Network: goldservices.com integrion.com Cybercash, Visa International and FDC (the world's largest credit card processor) already offer these services to banks. Cybercash purchased ICVerify several years ago and offer a suite of transaction services. Many banks have decided to do the online transaction processing inhouse in hope of preserving customer relations and not having to pay the cost of an add-on service provider. Why would B of A not go with an established company that have mulit-year track records as well as proven performance of dial-tone quality? Alternatively, they could choose to stay in-house supported by the suite of products offered by SONE/EDFY. Why go with a start-up with no products and risk alienating their customers with a potential failure such as Digicash and FVHI, both of which were in the secure transaction business and are now Chapter 11. Dave