Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (6518)	8/6/1998 7:50:00 AM
From: Benny Baga	Respond to of 8545

Sailing Past BankBoston, Fleet Introduces An Internet-Based Home Banking Service August 6, 1998 American Banker : Beating rival BankBoston Corp., Fleet Financial Group has announced the availability of an Internet banking service. BankBoston officials said they have been testing their site for a month and are preparing to launch it within two weeks. Officials at both banks said their new Web-based "channels" would complement existing options available by telephone and through dial-up personal computer software. Fleet will continue to support 125,000 customers who use the PC program Managing Your Money from Meca Software LLC, of which Fleet is an owner. BankBoston will similarly support the 250,000 users it has enrolled since 1996 in HomeLink, available through a private dial-up connection. These on-line customers represent 20% of the $71 billion-asset bank's customer base. "Although customers can continue to use HomeLink through a private network, the Internet gives them more mobility and flexibility," BankBoston spokesman Bruce E. Spitzer said. Both these large New England banks have been slower to the Net than $1 billion-asset Salem Five Cents Savings Bank. More than a year ago, the Salem, Mass., thrift launched a transactional Web site with technology support from M&I Data Services and Security First Technologies. Nearly 10% of its customer accounts are using the Internet or dial- up software. "We may have a competitive advantage as a community bank, at least in the beginning," said Michael R. Fitzgerald, senior vice president at Salem Five. "I can count on my hands the number who were customers before" the bank started on-line banking, he said. "If not for the Internet, we couldn't compete for these customers." Fleet officials added transactional capabilities, including bill payment, to their Web site after three months of prototype testing. "We have pragmatically waited for the demand to be driven by our customers, many of whom have asked for Web banking," said David Fingerman, vice president for on-line financial services at $98 billion-asset Fleet. "Our focus has not been doing it first, but doing it right." Copyright c 1998 American Banker, Inc. All Rights Reserved.

To: TLindt who wrote (6518)	8/6/1998 8:09:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 8545

Tom, Did you notice this: biz.yahoo.com It looks like the consensus recently dropped (next qtr.) from .04 to .03 and next years EPS from .32 to .31 I guess we'll have a much better idea what the real numbers will be after next Tuesday. Benny

To: TLindt who wrote (6518)	8/6/1998 8:27:00 AM
From: Benny Baga	Read Replies (2) \| Respond to of 8545

Integrion Expands Into Asia Pacific banktechnews.faulknergray.com Integrion Financial Network is extending its online banking scope to support financial institutions in the Asia Pacific. Six Asia Pacific banks are joining with IBM Corp. and Visa to develop standards and a common framework for online banking and electronic commerce in the region. The alliance plans to use as its primary platform that of Integrion, which is owned by 17 North America banks, IBM and Visa U.S.A. The members of the Interactive Financial Services Alliance are ABN AMRO, Bank of Australia, Infomas, Kookmin Bank, Royal Bank of Canada and St. George Bank.