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To: DOC HOLLIDAY who wrote (5305)	3/30/1999 8:44:00 AM
From: Boss Fan	Respond to of 13776

Kinda interesting...VGCP news below... (BSNS WIRE) Viking Set to Launch Bank Service Bureau as E-commerce Netwo Viking Set to Launch Bank Service Bureau as E-commerce Network Offering Business Editors DALLAS--(BUSINESS WIRE)--March 30, 1999--Viking Systems, Inc. (VSI), a wholly owned subsidiary of Viking Capital Group, Inc. (OTC BB: VGCP) will leverage a recent agreement with Pearse EFT, Inc. to launch a bank service bureau that will offer banks the ability to outsource the development and operation of their Internet-based account access and maintenance systems for their customers. Called the VS Banker's Service Bureau (VBSB), member banks will no longer need to manage their own systems or maintain staff to provide Internet banking services to depositors. VSI will handle all systems development, integration, operations, maintenance, security, hardware/software upgrades, and compliance upgrades for member banks. The VBSB will be based in the company's operations center in New York City. All fiber optic connections and two, identical backup locations are managed exclusively by iXnet for the Viking Capital Financial Network (VCFN). "Banks now have a real-time outsourcing alternative when it comes to setting up and maintaining an online presence for their customers," said Garry Millar, president and CEO of Viking Systems, Inc. "Creating the VS Banker's Service Bureau and adding it to our current services lineup, gives Viking's banking customers direct access through VCFN gateway to a fully integrated range of financial services and e-commerce business solutions." A fully customized Website and URL address are provided for each member bank. The VBSB service includes enabling of everyday depositor services such as: -- account activation -- account information -- customer to bank communication -- manual payments -- auto bill pay setup and maintenance -- intra-bank funds transfers Cost for the service is a one-time setup fee of $75,000 to cover site development, hardware, software licenses, and site launch. In addition, a monthly fee of $1 per depositor covers all inclusive depositor account maintenance and overall site maintenance. All monthly telecommunications charges and any routers or on-site equipment are included under this fee structure. Service contracts typically are a minimum of seven years, depending on the level of required service. Once members are connected to the Viking Capital Financial Network, banks can offer customers additional fee generating online services, including employee benefits administration, insurance, and securities trading. The VBSB software is Y2K compliant and is designed to meet or exceed OCC security requirements. VBSB also fully supports ACH correspondent banking requirements. In addition to servicing banks, VBSB allows S&Ls, credit unions and investment banks to offer remote banking and remote bill pay services to their customers. VBSB also can provide a complete virtual banking implementation package for businesses considering entering the commercial banking business.