| To: Benny Baga who wrote (117) | 3/24/1999 2:12:00 AM | | From: AugustWest | | | |
First Data to Acquire Stake in Paymentech
PAYMENTECH INC. First Data Corp. to Acquire Stake in Company
Mar. 22, 1999, First Data Corp. (NYSE:FDC - news) reported that it signed definitive agreements with BANK ONE CORP. (NYSE:ONE - news) and Paymentech Inc. (NYSE:PTI - news) to acquire PTI's public shares.
FDC will acquire the outstanding public ownership of PTI at a price of $25.50 per share. Public ownership (approximately 16 million shares) represents approximately 45% of the shares outstanding. ONE owns the remaining 55%.
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| To: AugustWest who wrote (118) | 3/26/1999 8:25:00 AM | | From: Benny Baga | | | |
For future use.....
transpoint.com
Coming Soon!
The TransPoint service will be available
to consumers in Spring 1999.
Imagine receiving and paying your bills
over the Internet with a few keystrokes
or the click of a mouse. No checks to
write. No remittance coupons to fill out.
No envelopes to stuff. No stamps to
stick. No hassle to get to the post
office on time.
The TransPoint service enables anyone
to receive and pay bills through the
Internet. TransPoint links billers with
consumers and their respective
Financial institutions to make the
payment process faster, simpler,
cleaner, and more economical for everyone.
If Internet bill delivery and payment is a new
idea for you, then the Demo is the
best place to start.
If you represent a business that sends
bills to consumers, TransPoint offers a
powerful new way to build stronger
customer relations while reducing
customer service costs. Please check
out the Billers section.
If you represent a financial institution
or major Internet site, find out how
TransPoint can enhance your online
services to strengthen customer
relations in the Consumer Service
Provider section.
If you represent a system integrator or
professional consulting firm, find out
more about our certification program
for TransPoint Technology Associates.
This service will be available in Spring
1999. Check back in the next few
months for final dates and sign up to
receive and pay your bills from TransPoint!
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| To: Benny Baga who wrote (119) | 3/30/1999 7:59:00 AM | | From: AugustWest | | | |
Consolidated Data Completes Major Acquisition of YourBank Online.com
MOUNTLAKE TERRACE, Wash.--(BUSINESS WIRE)--March 30, 1999-- Consolidated Data (OTC BB:CSDD - news) announced today that it has finalized an agreement with DETK Corporation to purchase its proprietary software YourBank Online.com.
The ten million ($10,000,000) purchase price is to be paid in a combination of cash and stock. YourBank Online.com is a dynamic browser-based software that uses the most advanced technology to deliver user-specific financial services and products via the Internet, IntraNets or Microsoft's (Nasdaq:MSFT - news) WebTV.
YourBank Online.com was developed in cooperation with Microsoft and River City Bank (OTC BB:AMRB - news) of Sacramento, California over a one year period of time with BETA testing completed and two additional years of use by numerous financial institutions on a variety of platforms. YourBank Online.com has proven to be extremely stable. In addition, YourBank Online.com has received outstanding industry reviews and has been well received by the approximately 25,000 users.
YourBank Online.com utilizes a central ''data warehouse'' concept of providing functional interfaces to bank customers for a variety of financial management needs, i.e. bill paying, bill presentation online for application and approval, realtime stock quotes and execution, along with the more traditional transactions, such as checking and savings.
YourBank Online.com uses U.S. grade encryption of 128 bit-key (SSL) designed by Netscape Corporation (Nasdaq:NSCP - news). Detailed transaction logging provides the ultimate in audit trails. Both federal and state regulations have accepted YourBank Online.com and recognize its use.
Consolidated Data's business model is to be at the forefront of this Internet technology revolution by being a leader and provider of E-Commerce Solutions on a global basis. With less than one percent of the nation's financial institutions presently offering online services, coupled with the fact that customers are seeking Internet banking capabilities on a daily basis, Consolidated Data's acquisition of YourBank Online.com should prove to be the nucleus of their business.
Statements in this release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of Consolidated Data (CSDD), are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Consolidated Data assumes no obligation to update information contained in this release.
--------------------------------------------------------------------------------
Contact:
Consolidated Data
S. Everett Coryell
P.V. Plastino
800/256-3954
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| To: Benny Baga who wrote () | 3/30/1999 3:25:00 PM | | From: axp | | | |
According to the Seattle Times, Microsoft has just undergone a major reorganization. Read lots more about it elsewhere, but Transpoint is not in one of the major divisions:
Business and Enterprise (windows 9x, 2000 etc)
Consumer Windows Division (windows CE)
Business Productivity (Office, email)
Developer
Consumer and Commerce(MSN portal)
It's one of three specialized business groups:
Transpoint
Expedia travel
Home and Retail Products (games, joysticks, mice, speakers etc.) |
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| To: Benny Baga who wrote (119) | 4/1/1999 11:41:00 AM | | From: Benny Baga | | | |
ATTENTION: TRANSPOINT WEB MASTER...
This statement needs some work...
This service will be available in Spring 1999. Check back in the next few months for final dates and sign up to receive and pay your bills from TransPoint
If I check back in a few months, it will be July, and closer to mid-summer than the spring.
Benny(no charge) |
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| To: TLindt who wrote (123) | 7/20/1999 9:17:00 AM | | From: AugustWest | | | |
(PR NEWSWIRE) PNC Bank Announces Acquisition of First Data Investor Servic
PNC Bank Announces Acquisition of First Data Investor Services Group; Positions
PFPC Worldwide as a Premier Investment Services Provider
PITTSBURGH, July 20 /PRNewswire/ -- PNC Bank Corp. (NYSE: PNC) today
announced an agreement to acquire First Data Investor Services Group (ISG),
the mutual fund servicing subsidiary of First Data Corp. (NYSE: FDC) for
$1.1 billion in cash. ISG is one of the nation's leading providers of
processing services for pooled investment products -- a high-growth industry
that includes mutual funds and retirement plans.
The addition of ISG to PFPC Worldwide, PNC's investment servicing
subsidiary, will create a leading force in a processing business that is
highly valued by the investor community. The acquisition will make PFPC one
of the nation's leading full-service mutual fund transfer agents, while
significantly strengthening PFPC's position as a full-service provider of
mutual fund accounting services. The transaction will also add key related
businesses including retirement plan servicing to PFPC's growing operations.
The combined organization will provide fund accounting services for $287
billion in mutual fund assets and transfer agent services for 33 million
shareholder accounts, and will service over 20,000 retirement plans.
The acquisition is expected to increase the relative revenue contribution
of PNC's fee-based businesses to approximately 55 percent this year on a pro
forma basis and 60 percent in 2000. The transaction will be accounted for as
a purchase and is expected to be less than one percent dilutive to GAAP
earnings per share in the first year and accretive thereafter. On a cash
basis, the transaction is expected to be substantially accretive to earnings
per share immediately. The transaction is expected to close in the fourth
quarter of 1999, pending regulatory approvals and customary conditions to
closing.
"This acquisition advances our strategies focused on building best-of-
class businesses in high-growth, high-return industries," said Thomas H.
O'Brien, chairman and chief executive officer of PNC Bank. "The acquisition
of ISG will create a market leader in virtually every major category of a
fast-growing industry, and we expect it to have a positive impact on our
growth and earnings dynamics."
"PFPC has a 25-year history of leadership and innovation in providing
customized fund services," said J. Richard Carnall, chairman and chief
executive officer of PFPC Worldwide. "The addition of ISG will further
strengthen our core businesses, while enhancing our expansion in key, related
businesses such as 401(k) administration which present significant
opportunities for growth. This acquisition will also solidify PFPC's position
as a leader in shareholder services technology."
"We believe this combination will create the premier one-stop shop for
high-quality shareholder services, bringing a virtually unparalleled array of
services to our customers," said James L. Fox, president and chief operating
officer of ISG. "We are pleased to be joining an organization with a strong
commitment and proven track record in this business."
Fox will become vice chairman of PFPC Worldwide, joining the executive
management team headed by Carnall and Vincent J. Ciavardini, president and
chief operating officer.
PFPC Worldwide provides a broad range of technology-driven services
including fund accounting, administration, transfer agency, shareholder
services, custody, integrated banking transaction services, hedge products
accounting and securities lending. In 1993, PFPC established PFPC
International Ltd., based in Dublin, Ireland, to better serve the
international funds community and target opportunities to serve EU-based funds
and partnerships.
PNC Bank Corp. is one of the largest diversified financial services
organizations in the United States. Its major businesses include PNC Regional
Bank, PNC Institutional Bank, PNC Advisors, PNC Mortgage, PNC Secured Finance,
PFPC Worldwide and BlackRock.
This press release contains forward-looking statements with respect to the
anticipated effect of the proposed acquisition of ISG. The following factors,
among others, could cause actual results to differ materially from PNC's
expectations: extent of ISG customer retention and generation; ability to
timely and fully realize contemplated cost savings and revenues; ability to
attract and retain management; cost and availability of acquisition financing;
factors related to ISG's Year 2000 remediation efforts and the Year 2000
compliance of other parties; technological changes; changes in economic
conditions, interest rates, and financial and capital markets; competition;
and changes in legislation or regulatory requirements. PNC does not assume
any duty to update forward-looking statements.
Visit PNC Bank on the World Wide Web at pncbank.com
SOURCE PNC Bank Corp.
-0- 07/20/99
/CONTACT: Media, Brian E. Goerke, 412-762-4304, or,
brian.goerke@pncbank.com, or Investors, William H. Callihan, 412-762-8257, or,
invrela@pncmail.com, both of PNC Bank/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 701257/
/Web site: pncbank.com /
(PNC FDC)
CO: PNC Bank Corp.; First Data Corp.; First Data Investor Services Group;
PFPC Worldwide
ST: Pennsylvania, Georgia
IN: FIN
SU: TNM
*** end of story *** |
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| To: AugustWest who wrote (124) | 8/4/1999 7:43:00 AM | | From: Benny Baga | | | |
TransPoint. Well it is August and still not TP is not up and running anywhere except their own web site (Unless you want to include the link on msn). Kind of a joke, only 6 billers, and out of that, only 4 decent ones (Xerox is b2b, and orange county is extremely small).
No payanyone, and if the Citi rumors are true (Citi's platform is not scalable), TP won't have pay anyone for a while. Hmmmm, Hmmmm.
In my munchkin voice.....Ding Dong the Witch is dead?
Benny ("the bull") |
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