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To: Benny Baga who wrote (4928)	4/26/1999 9:25:00 AM
From: Benny Baga	Respond to of 20297

TransPoint Chief Finds Trouble on His Desk April 26, 1999 American Banker : The newly named president and chief executive officer of TransPoint faces plenty of challenges. Lewis Levin is taking over an electronic bill presentment venture that has been plagued by delays, and four of the nine U.S. institutions that signed up for pilots have suspended their tests. TransPoint originally scheduled its bill presentment system to go live in early 1998. Now it finds itself trailing its main competitor, CheckFree, which is presenting bills to retail customers of Bank One and First Union through its E-Bill service. "It's time for someone to take over at TransPoint and move them forward, because they've been in limbo for some time," said Scott Smith, president of Tera Group, and information technology consulting firm in McLean, Va. Mr. Levin acknowledged that Banc One Corp., Merrill Lynch and Wells Fargo have temporarily suspended their pilots. A First Union official said the bank had put its TransPoint pilot on hold as well. Mr Levin attributed the suspension of Merrill Lynch's pilot to that company's desire for "pay anyone" capability -- enabling customers to pay bills to recipients who cannot receive them in electronic form. Industry observers have called TransPoint's lack of pay anyone service as a major shortcoming. Mr. Levin said TransPoint is working on that.