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To: Gullapalli who wrote (8014)	10/11/1998 2:25:00 PM
From: chirodoc	Respond to of 8545

something to digest, altho' no new news REPEAT/First Data Direct Banking Will Integrate TransPoint E-Bill Service Into NetPrecision Home Banking and Card Services Products Business Wire - October 08, 1998 19:00 REPEATING AND CORRECTING...The following news release replaces and corrects the previous First Data Direct Banking news release, which ran earlier Thursday, Oct. 8, on Business Wire, BW0178 (FIRST-DATA-DIRECT-BANKING) LOS ANGELES--(BUSINESS WIRE)--Oct. 8, 1998-- Expansion Will Give NetPrecision Clients a Choice of Bill Presentment and Payment Programs First Data Direct Banking Thursday announced integration of the TransPoint E-Bills bill payment and presentment program with its home banking services. TransPoint's E-Bills service will be made available to financial institutions using the industry-leading NetPrecision Home Banking and Card Services products as soon as it is released. The introduction of TransPoint E-Bills Version 1.0 is slated for early December. TransPoint E-Bills will be integrated into First Data Direct Banking's benchmark Net Precision 30/30 Home Banking service for small- and mid-size financial institutions as well as in custom applications for banks, credit card issuers and brokerage firms of all sizes. First Data Direct Banking's 30/30 service delivers a transactional web site in 30 business days for an up-front cost of just $30,000. Account balances, fund transfers, account statements, bill payment and PFM download capabilities are among the functions included in the NetPrecision family of online financial service products. Seamless integration of the new bill payment and presentment service is possible because of the close working relationship the two firms have enjoyed during the past year. TransPoint (formerly MSFDC) has contracted with First Data Direct Banking's team of Internet transaction programming experts to build part of the TransPoint product. "We have worked closely with our sister company to help make this next-generation bill payment and presentment system a reality," said Randy Kahn, president of First Data Direct Banking. NetPrecision clients will be able to pay presented bills via TransPoint E-Bills, while retaining the ability to pay anyone via its current bill payment concentrator. "It is our intention to offer the widest possible selection of value-added, high-quality online financial services to enhance our clients' Web sites," Kahn said. TransPoint E-Bills will provide a seamless, end-to-end system for delivery and payment of richly formatted bills, statements or notices. The service is designed to meet the needs of financial institutions and billers alike. For retail financial institutions, TransPoint's Internet bill delivery provides an enticing service to attract consumers and to encourage more frequent visits to their Web sites. The integration of payment and remittance processing with Internet bill delivery results in a streamlined, fully electronic process that will reduce customer support problems and costs. "We're excited to have a technology associate join us that is focused on bringing state-of-the-art online banking and bill presentment and payment services to financial institutions of all sizes," said Karen Anderson, technical director of technology for TransPoint. Formerly MSFDC, Englewood, Colo.-based TransPoint is a joint venture of Microsoft Corp. and First Data Corp. Last month, Citibank acquired a minority ownership stake in TransPoint. Microsoft and First Data remain equal partners in the venture. First Data Direct Banking is a wholly owned business unit of First Data Corp. About First Data Direct Banking First Data Direct Banking builds and hosts customized Internet financial service solutions for banks, credit unions, savings and loans, non-bank credit card issuers and brokerage houses of all sizes. Using the NetSpeed process as a template, financial institutions can have fully functional, branded Web sites up and running in just 30 business days with the NetPrecision system. First Data Direct Banking ties leading-edge online financial services partnerships and template, custom-built or existing Web sites into transaction processing provided by electronic payments processing leader First Data Corp. Direct Banking can be found on the World Wide Web at www.netprecision.com. Hackensack, N.J.-based First Data Corp. (NYSE:FDC) is a global leader in payment systems, electronic commerce and information management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services by credit, debit or smart card at the point of sale or over the Internet; by check or wire money. For further information about First Data, visit the company on the Internet at www.firstdatacorp.com. CONTACT: First Data Direct Banking, Los Angeles Randy Kahn, President, 213/251-5444 Bob Dixon, Marketing Communications, 213/251-5441