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Technology Stocks : EPAY -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (173)	2/25/1999 3:46:00 PM
From: HerbVic	Read Replies (2) \| Respond to of 717

This is a quote from one of the news articles on EPAY: "The Company's products and services enable organizations to transition from the traditional paper check process to electronic payments and to facilitate electronic commerce." [snip] "Bottomline's objective is to be the leading provider of enterprise-wide payment solutions." [snip] "...selected by the Federal Reserve System to provide the necessary software to enable over 12,000 banks to process electronic payments with remittance information for their commercial customers." Whether I initiate the transaction, or Wells Fargo initiates the transaction, what you arguing is mere semantics. What is important is that when the Federal Reserve selected Bottom Line's software, a de facto standard for electronic payment was established within the banking system. That standard will bring the commercial business to Bottom Line. As EFT bill paying is essentially a commercial enterprise between a bank and its commercial customers, the possibility stands that at some future time "Bill Pay" as a service of Wells Fargo or a similar service of any other bank, will be using Bottom Line's software. HerbVic