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To: Benny Baga who wrote (6975)	8/19/1998 9:40:00 PM
From: AugustWest	Respond to of 8545

Has this been posted? Frankly, I can't remember if I read it here or not. CONTACT: Michael Herd (Media Only) ÿÿÿÿÿÿÿÿÿÿÿÿÿCary Whaley ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ703/834-2379 ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ703/834-2370 ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿmherd@nacha.org ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿcwhaley@nacha.orgÿ NACHA to Develop Business Practice Standards for Electronic Bill Presentment and Payment Herndon, VA, August 12, 1998- The National Automated Clearing House Association (NACHA) has reached an agreement with the Banking Industry Technology Secretariat (BITS) to develop business practice standards for open electronic bill presentment and payment. The business practice standards will be developed by NACHA's Bill Payment Council in support of BITS' open bill presentment and payment project, and will establish interoperability among the many electronic bill presentment and payment models. The business practices will encompass all processing models and will not endorse any single electronic bill presentment and payment product. A Bill Payment Council working group will address areas such as privacy and confidentiality, risk management, accuracy, timing, and error resolution. The business practices could serve as a framework for interoperability rules. Charles Wickenden, Chairman of the Bill Payment Council, said, "Interoperability among competing electronic bill presentment and payment models is critical in achieving universal acceptance among billers and consumers. Electronic bill presentment and payment is a dynamic industry, and the practices are intended to be flexible enough to allow for innovation, yet provide the participants with some guidelines for interaction." NACHA's Bill Payment Council was formed in 1993 as an open forum to facilitate, educate and promote the use of electronic consumer-initiated billing and payment programs and services. Its 60 members represent all interested stakeholders in the payments industry. The council provides a forum for learning, education and the exchange of knowledge and information about the electronic bill payment industry, promotes the use of such payments, ensures that payments are processed in a reliable, standard, secure, and cost-effective manner, and acts as a voice for the industry. The Bill Payment Council's Web site address is www.nacha.org/billpay. The BITS open bill presentment and payment project is intended to create an open, vendor-neutral, platform-independent standard that enables the electronic delivery of a bill from any biller to any consumer, and provides for the electronic payment of the bill independent of the service provider and vendor. The business practices will reflect the initiative's technical interoperability specification being developed by the Financial Services Technology Consortium (FSTC). NACHA intends the business practice standards to build upon a solid track record of developing interoperability rules. In 1996, NACHA's Electronic Benefits Transfer (EBT) Council created the Quest Operating Rules to provide interoperability among state EBT programs. Currently, 19 states are using the rules, with 11 more expected to join by the end of the year. NACHA's Internet Council is currently testing an interoperability framework for banks serving as verifiers of digital certificates used in electronic commerce. Interoperability will ensure that certificates issued on various computing platforms and by different software providers can be exchanged and verified. Elliott C. McEntee, President and Chief Executive Officer of NACHA, said, "NACHA believes in the benefits of interoperability standards that encompass all processing methods and accommodate all of the interested stakeholders. We think the electronic bill presentment and payment industry is ready for this initiative." About the National Automated Clearing House Association (NACHA) NACHA represents more than 13,000 financial institutions through its 35 regional ACH associations, six councils and corporate Affiliate Membership program. A leader in the payments industry, NACHA develops operating rules for the Automated Clearing House Network and for emerging electronic payment solutions in the areas of Internet commerce, bill payment and presentment, financial electronic data interchange, cross-border transactions, electronic checks, and electronic benefits transfer. NACHA produces marketing collateral and technical publications, and provides extensive education services, including major conferences and seminars. Visit NACHA on the Internet at www.nacha.org. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ And maybe I'm just barking up the wrong tree. Any raccoons out there? ÿ

To: Benny Baga who wrote (6975)	8/20/1998 12:39:00 AM
From: TLindt	Read Replies (2) \| Respond to of 8545

>>What do you think the earnings for the year are going to be? I think Quicken.Com info is more current than Zacks at this point in time. quicken.com The average seems to be -.05 next quarter, and .01 in December. 13 cents on the year..so they would have to earn 17 cents the March and June quarters 99 to meet it. Carry that 17 cent foward flat for year 2000, 34 cents. ANALysts say 56 cents....so we are between 20 and 30 x 2000. I'd like 10 to 15 x, and then uptrend. I feel we get past this Bank ramp and all these 13s, 12s, 11s, soon 10s, 9s, 8s that I'm picking up will be looking pretty damm good.