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To: Benny Baga who wrote (4761)6/1/1998 11:32:00 AM
From: g_m10  Respond to of 8545
 
Not exactly. CYCH isn't a true payments processor

I agree with you. It more looks like a PR event for both-CYCH and EEI. They didn't even get a single pilot yet with utilities. The last thing utilities need is to handle one customer at a time.



To: Benny Baga who wrote (4761)6/1/1998 11:36:00 AM
From: jjs_ynot  Read Replies (2) | Respond to of 8545
 
>>> With the wallet the consumer would be required to visit each
billers site separately, and pay each bill individually, and manually update
their check register.

So this is not a real funds transfer merely and digital form of a check which the biller then has to go back to the bank to try to collect the funds for the consumer's account?

Also, How do you think ICVERIFY plays into this if at all?


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