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

To: Benny Baga who wrote (788)	3/16/2000 10:12:00 AM
From: Gregg Soster	Read Replies (3) \| Respond to of 1013

Yesterday's American Banker Mid day update... Midday Update--S1 Backer Citi Picks OFX Server from Rival Corillian By Jennifer Weitzman Corillian Corp. has won its second contract in a month in rival S1 Corp.'s backyard - a global licensing agreement with Citigroup Inc. Citi will use the Beaverton, Ore., company's Open Financial Exchange (OFX) technology for Internet banking services.

To: Benny Baga who wrote (788)	3/22/2000 5:39:00 AM
From: tuck	Respond to of 1013

Thread, More from CORI's S-1: "SYSTEMS AND TECHNOLOGY THE VOYAGER SYSTEM The Voyager application server is a scalable platform that uses a three-tiered architecture, connecting end-users to the legacy hosts of financial institutions. As a middleware product, Voyager routes and validates requests, formats transaction responses and stores and forwards bill payment instructions. The three layers of the Voyager application server each have a specific functional focus. The Web Server layer is responsible for presentation interaction with the customer, handling hyper-text mark-up language, or HTML, to the browser, or OFX to the connected financial software or wireless device. The Transaction Processor layer controls the business logic for the user's request, directs the request to the appropriate host target, and assembles the results. The Host Server layer interprets and formats the transaction for the legacy host system, then analyzes and returns the data fields from the response. Optional modules provide incremental services, such as batch processing of bill payment transactions or collection of electronic bills." >snip "CUSTOMER CASE STUDIES The following case studies illustrate how some of our customers are using the Voyager eFinance Suite to meet their customers' eFinance needs: CITIBANK Citibank is one of the world's largest banks and serves over a million consumers through the Internet. Opportunity: As a major bank servicing its customers' remote banking needs, Citibank needed a solution to enable its customers to connect directly to the bank using OFX-enabled interfaces such as Quicken and Microsoft Money and to have access to real-time financial data. Solution: Citibank recently licensed the Voyager OFX Publishing Suite. This solution will allow Citibank's customers to have real-time access to their Citibank accounts over the Internet and to interface with personal financial management software, such as Quicken and Microsoft Money. By selecting us as its outsourced solutions provider, Citibank saved considerable internal development costs and was able to license a more cost-effective and functional solution for Internet banking than its previous outsourced solution." >snip Somewhere in there (can't find it now; eyelids getting heavy), I'm pretty sure it said CORI bought the Voyager technology and released the first product in 12/97. So it goes back further than I at first thought. Also of interest: CFO and Secretary most recently from FICS. In any case, the OFX Publisher that is mentioned in recent PRs handles just that: the OFX. The exchange of data from bank through portal to personal financial manager. Apparently CORI, does have S1 beat here. My recollection from the last CC was that S1 was planning to integrate with Intuit products through OFX 2H'00. Yet I can't find it in my notes. Can anyone confirm? But there is no doubt that S1 retains all the work from Citi it had previously, OFX excepted. Nor is it likely that will change, IMO. So even if S1 does lose the IPR spat, it's still the leader. But staying the leader would be harder. CORI's management has some experience, and there are some solid backers and partners. It is not to be sneezed at, and I can see why S1 is playing hardball. And so far showing good timing, IMO. I believe we have enough info posted to fuel discussion for some time. Have at it, then!! Cheers, Tuck