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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: tktom who wrote (13168)	1/19/2000 9:27:00 AM
From: Feathered Propeller	Respond to of 20297

News item: This is not directly related to CKFR, but thought it might be of interest anyway...don't know anything more...maybe someone does... First Union Files A 'First' January 19, 2000 First Union Bank has sued Princeton, N.J.-based Secure Commerce Services in federal district court, alleging that the company took customers' online banking information from the institution's Website without its consent and insecurely stored the data. E-commerce experts consider the lawsuit the first financial services industry legal action of its kind. Secure Commerce, a bill delivery and payment service doing business as Paytrust, is an "aggregator" that gathers a customer's financial information from other companies' Websites, at a customer's request. Last week, First Union announced new standards for such third parties, requiring them to sign a contract promising to meet certain bank data-security standards and mandating that bank customers must formally authorize the third-party relationship. aba.com