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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (8078)	8/24/1998 10:58:00 AM
From: Roy F	Read Replies (1) \| Respond to of 19080

Oracle aims to bring bills online By Kimberly Weisul, ZDNet Oracle Corp. is getting ready to enter the emerging and much ballyhooed field of presenting bills electronically on computer networks, according to industry executives familiar with the development project. Oracle's offering, dubbed Tribeca, is designed to let banks and large billers use their Web sites to deliver bills to consumers, according to one Oracle insider who has been involved in the Tribeca development effort. Oracle is said to be concentrating its initial sales efforts on large financial institutions. Chase Manhattan Corp. is rumored to be among the first to have signed on to use Tribeca. Tribeca will require billers to use an Oracle 8 database and the company's Internet Application Server. Oracle is set to disclose details of Application Server 4.0 Tuesday. "Oracle's whole strategy is to build vertical applications for vertical industries over the Web to compete with Kiva [Software Corp.] or NetDynamics [Inc.]," according to the Oracle insider, who insisted his name not be disclosed. He expects Tribeca to be one of the earliest of these applications. "Tribeca would manage all of the presentation and permission aspects" of bill presentment for billers, said Richard Crone, a vice president and general manager at digital payment system supplier CyberCash Inc. Oracle rival Microsoft Corp. teamed with First Data Corp., a payments processor, to form a joint venture called MSFDC LLC. MSFDC aims to act as a consolidator, hosting data from a variety of billers so that consumers can collect their bills at one online location. Oracle will work with banks that will act as bill consolidators. But it is betting that billers will want to encourage customers to come to their sites to pay bills, as well. Oracle can be reached at www.oracle.com