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

To: Walter Morton who wrote (8925)	11/28/1998 4:55:00 PM
From: alydar	Respond to of 19080

Oracle to reveal I-commerce initiatives InfoWorld Daily Thursday, November 26, 1998 12:07PM Matthew Nelson Next week Oracle will use the Bank Administration Institute Retail Delivery Conference '98 to announce several Internet-commerce initiatives, including the official rollout of its Oracle Internet Bill & Pay module, formerly known as Tribeca, and the signing of an alliance with VeriFone, a unit of Hewlett-Packard. The Internet Bill & Pay product is intended to let users deliver and pay bills over the Internet, according to sources close to the company. "It's a product that goes into financial institutions or direct billers and allows the presentation and payment of bills over the Internet," the source said. "It's all built on top of the Oracle8i database platform and application server." Using the system, billing applications can be created dynamically using HTML, are customizable, will support Secure Sockets Layer for security purposes, and can notify users of their existence via e-mail. Payment of the bills can also be slated for the day the bill is due and can be paid using credit cards, account transfers, or even smart cards. Internet Bill & Pay will also use the Open Financial Exchange standard to interoperate with different payment systems. Analysts said they believe the product is strong and has only one drawback. "The product they are coming out with is not [that bad]; they really put a lot of work into it. All the stuff that they can do [makes it] a strong product," said Erina DuBois, an analyst at Dataquest, in San Jose, Calif. "The only big negative is it does work so closely to Oracle8, so you have to have the Oracle database. You can't use other databases." Also at the show, being held in Las Vegas, Oracle will announce the next version of its Payment Server system and an alliance with VeriFone. Payment Server 1.1 will now support the Secure Electronic Transaction 1.0 protocol and will be integrated with VeriFone's V-POS financial point-of-sale system. Oracle Internet Bill & Pay is slated for release in April for Sun Solaris and Windows NT. Pricing has yet to be determined. Oracle Corp., in Redwood Shores, Calif., is at www.oracle.com. The Bank Administration Institute Retail Delivery Conference '98 can be found at www.bai.org. <A HREF="mailto:matthew_nelson@infoworld.com">Matthew Nelson</A> is an InfoWorld reporter.