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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (559)	5/29/1998 1:22:00 PM
From: Les White	Respond to of 2414

You are incorrect, sir. It is up to the vendor and bank to decide who they will interface with for EBP. Edify promotes CKFR as their suggested interface as you have seen on their web site and I suspect most of their direct customers go with CKFR. NCR is a VAR for Edify and have modified Edify's EBS (Electronic Banking System) to meet their needs. They pay Edify a royalty on sales. Edify's EBS is capable of interfacing with other vendor products. There are many more financial service products to interface with other than EBP. Mortgage products, car and consumer loan products, etc. In fact there are lots of add-on electronic banking service vendors out there who want to interface with Edify's EBS because it is a recognized leader and they need to be compatible with it if they want to ride the wave. The CTO's job is to make it all work right. NCR is moving into a position of sole source provider of integrated EBS services. The Edify software product is just one core component. This type of one stop shopping is needed. That is why G&L has chosen them after shopping the field. NCR's integration with ATM's and data warehousing are other big benefits for NCR customers. AIB has chosen them also, retroactively of course. According to my sources, AIB has been having problems with their previous vendor. That is why they have contracted with NCR. NCR has more of the web banking infrastructure in place and better software support than AIB's previous vendor. I forget their name but it was not Edify directly. Probably a VAR. Looks like you have more to learn about the web banking industry. Don't feel bad. I have learned more about this industry in the past few months than I ever thought I would want to know. Still have a long way to go, but my involvement with G&L is moving me swiftly. OTOH I could be making this all up. Phantom sources, industry reps who don't know squat about their business, a start up internet bank with a core management team who only thinks they know what they're doing, etc. Les