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To: p friend who wrote (11676)	11/2/1999 11:09:00 AM
From: TLindt	Read Replies (1) \| Respond to of 20297

Spectrum Selects Just in Time Solutions to Provide Critical Standards-Based Software SAN FRANCISCO, Nov 2, 1999 (BUSINESS WIRE) -- Just in Time's BillCast Technology, OFX Certification to Enable Billers and Banks to Exchange Online Bills Just in Time Solutions, a leading provider of Internet billing and interactive customer care software, today announced that Spectrum will use key online billing standards technology from Just in Time's industry leading BillCast(TM) platform. Spectrum, EBP, LLC, a recently formed venture of Chase Manhattan, First Union and Wells Fargo, aims to stimulate broader adoption of online billing by providing the first open, interoperable exchange for financial institutions to route online bills between billers and consumers. In addition to providing standards-based technology to Spectrum, Just in Time will also provide certification software so that the online billing systems of Spectrum members are compliant with the Open Financial Exchange (OFX) interoperability standard. According to Liam Carmody, acting chief executive officer of Spectrum, "A key goal of Spectrum is to accelerate the adoption of online billing, and we are fully committed to creating the open and interoperable infrastructure that is necessary to jumpstart this effort. Just in Time, which shares our philosophy of open standards, is a critical member of the team that will help us reach mass market adoption of online billing." "The formation of Spectrum is clearly a tremendous validation of the importance of interoperability and open standards to the industry," noted Douglas S. Thompson, president and CEO of Just in Time Solutions. "Just in Time has always believed that the success of the online billing market ultimately depends on eliminating the unnecessary barriers that proprietary systems place between banks, billers and their customers. Open standards are the only way to create this interoperability. "We are extremely pleased to be playing a key role in what may be the most important development to date for our industry," Thompson continued. "We have invested significant effort in making our BillCast software the most complete, standards-based solution for online billing. Spectrum's decision to embrace open standards and use BillCast technology is certainly a great validation of our effort." Under an agreement between Spectrum and Just in Time Solutions, Spectrum has licensed core components of Just in Time's BillCast platform, including elements that provide Spectrum with OFX bill distribution capabilities. As a result, banks, billers and Biller Service Providers (BSPs) who have previously built online billing systems using BillCast software can take advantage of Spectrum's service. In addition, Just in Time's recently announced BillCast 2.0 is fully interoperable with Spectrum, and is available for banks that wish to connect to the Spectrum service. Spectrum has also selected Just in Time to provide certification software to ensure that online billing systems of Spectrum members comply with the OFX standard. Just in Time has extensive experience in OFX certification, having certified an overwhelming majority of the OFX bill distribution connections currently in operation, including those of Intuit, CheckFree, and Bank of America. "Certification is an essential piece of the open standards puzzle," commented Eric Dunn, senior vice president and CTO of Intuit. "Just in Time has done an outstanding job for us and will no doubt perform equally well for Spectrum." About the BillCast Platform BillCast(TM) 2.0 is a modular, enterprise-class suite of applications designed to provide billers and bill publishers with a sophisticated end-to-end solution for personalized bill presentment, payment and service delivery. Based on open standards, BillCast 2.0 enables billers to use the electronic bill as a platform for delivering advanced self-care applications. Using a single BillCast application, billers can publish e-bills directly on their own Web sites and simultaneously publish bill summaries to consolidators such as home banking Web sites or portals. About Just in Time Solutions Just in Time Solutions is the leading provider of complete software solutions for Internet billing and interactive customer care. The company's modular BillCast(TM) software suite enables relationship-centric billers to deploy secure, scalable solutions for personalized billing, payment and service delivery that increase the value of each customer interaction. Just in Time Solutions helped pioneer the Open Financial Exchange (OFX) standard for online bill presentment and the thin consolidator model and continues to champion open standards. Founded in 1995 and based in San Francisco, Just in Time Solutions' customers include some of the largest billing organizations and service providers in the industry, including AT&T, Bank of America, Intuit and Output Technology Solutions. For more information, please visit www.justintime.com or call 415/553-6400. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Just in Time Solutions, Inc. Victoria Schreiber, 415/553-6427 victoria@justintime.com or Sterling Communications Inc. Kevin Pedraja, 408/441-4100 kmp@sterlingpr.com WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: BANKING COMPUTERS/ELECTRONICS E-COMMERCE INTERNET SOFTWARE MARKETING AGREEMENTS PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. end of story *