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To: g_m10 who wrote (5484)	5/14/1999 9:57:00 PM
From: tktom	Read Replies (1) \| Respond to of 20297

Benny, Checkfree is Powering this one behind it all ..... Related Quotes EDS ONE 54 1/2 62 1/16 -2 1/8 -1 1/16 delayed 20 mins - disclaimer Friday May 14, 12:30 pm Eastern Time Company Press Release SOURCE: Electronic Data Systems EDS and Bank One Bring Industry-Leading Interactive Billing to Commercial Clients More Billers, Consumers to Go Online Faster in Exploding Electronic Banking Industry PLANO, Texas and CHICAGO, May 14 /PRNewswire/ -- EDS (NYSE: EDS - news) is delivering its industry-leading Interactive Billing Services to Bank One (NYSE: ONE - news) this month, giving the bank a competitive advantage in online billing technology while widening the EDS leadership in this exploding electronic business marketplace. Bank One has integrated these superior capabilities into its treasury management product set -- offering interactive billing to its commercial customers, which enables them to send bills over the Internet to business and consumer customers. The deal seals another significant milestone in the financial services industry: by partnering closely with a systems integrator and technology leader, Bank One can immediately bring Electronic Bill Presentment and Payment (EBPP) services to all billers, including those in high volume industries like utilities, insurance and telecommunications companies. The technology is another example of the end-to-end capabilities of the E-Business Solutions unit at EDS. ''The close relationship between Bank One and EDS should enable the bank to provide Web-based billing services to its commercial customers ahead of most other banks,'' says Michael Killen, president of Killen & Associates, a leading electronic business analyst firm. ''Speed is the key -- and EDS has proven it can provide the new technology and integrate quickly with traditional billing systems. This is a progressive move by Bank One -- and the result will be hundreds of thousands of more bills paid online in the coming months.'' Killen & Associates estimates that major billers will spend $31 billion over the next five years to install and upgrade Internet-based customer care systems to handle billing and payment demands for businesses and consumers. Integrating Interactive Billing into Bank One's eTreasury Solutions(SM) product suite will enable commercial customers to realize the competitive advantages of emerging billing and collection tools. Internet technologies and payment tools have been combined with traditional treasury management services to support the round-trip of bill presentment and payment for the consumer and corporate billing environments. The result is a customized service that reduces time-to-market risk and capital investment in evolving electronic business technologies for treasury management customers. Bank One's EBPP solution augments the legacy billing process of corporate billers. The turnkey service allows bills to be published and delivered in many formats including traditional paper statements, electronically via HTML, through bill aggregators (including Bank One Online(SM)), facsimile, email and through a hosted customer-branded website. Of equal importance, this EBPP service supports multiple payment tools, including ACH, credit card, touch tone phone, retail lockbox and wholesale lockbox. ''Treasury Management is strategically important to Bank One and its customers,'' says W.G. Jurgensen, head of Commercial Bank Products. ''The support of emerging billing and collection tools is a natural extension of our service offering. We are positioning our customers, both business and consumer, to benefit from emerging commerce tools and the Internet.'' ''What Bank One is announcing is electronic business at its finest -- real solutions, delivered by real people using real technology today,'' said Gary Moore, president of E-Business Solutions at EDS. ''Our Interactive Billing offering is transforming the way entire industries receive and pay bills -- and the financial industry is choosing to be at the forefront of the technology evolution. Bank One now leads the pack.'' Growth through technology has linked Bank One and EDS for more than a decade. Since 1986, EDS has delivered a number of technology advancements supporting the bank's acquisitions as well as assisting the bank in the development of products and services for both retail and commercial customers. Bank One, headquartered in Chicago, is the nation's fifth largest bank holding company, with assets of more than $250 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. It is one of the nation's largest credit card lenders, the second- largest consumer and commercial finance company, the third-largest bank lender to small business and third-largest bank mutual fund company. It is a major commercial bank in the United States and in selected international markets. Information about Bank One can be accessed on the Internet at www.bankone.com. EDS, a leader in the global information technology services industry for more than 35 years, delivers management consulting, electronic business solutions, and systems and technology expertise to improve the performance of more than 9,000 business and government clients in about 50 countries. EDS reported revenues of $16.9 billion in 1998. The company's stock is traded on the New York Stock Exchange and the London Stock Exchange. Visit EDS via the Internet at eds.com. SOURCE: Electronic Data Systems -------------------------------------------------------------------------------- More Quotes and News: Bank One Corp (NYSE:ONE - news) Electronic Data Systems Corp (NYSE:EDS - news) Related News Categories: banking, computers