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Technology Stocks
MSFDC - Microsoft/First Data Corp Joint Venture
An SI Board Since April 1998
Posts SubjectMarks Bans Symbol
126 4 0 MSFT
Emcee:  Benny Baga Type:  Unmoderated
Microsoft and First Data Form New Company to Enable Consumers To Receive and Pay Bills Over the Internet

DENVER-June 26, 1997-Advancing electronic commerce over the Internet, Microsoft Corp. and First Data Corp. today launched MSFDC, a joint-venture company that in early 1998 is scheduled to introduce a service that will enable companies to use the Internet to send bills to, and receive payments from, consumers. Financial terms of the agreement were not disclosed.

The service will allow consumers to access and pay their bills through the branded home-banking services of participating financial institutions, or directly using a Web site hosted by the venture. The service, which will use existing payment systems, will be the first of its kind to provide an end-to-end system for electronic presentment of richly formatted bills and to represent next-generation electronic payment and remittance capabilities. Field trials of the service with participating banks and billers will commence later this summer.

Microsoft and First Data have formed an advisory board with representatives from financial institutions, industry associations and billing service providers to help evaluate emerging customer needs, develop innovative products and services, and satisfy regulatory and information-security requirements. Founding members of the advisory board include leading financial institutions, American Express Company, Bank of America, The Chase Manhattan Bank, Citibank and Wells Fargo. Major industry associations include the American Gas Association, Edison Electric Institute and United States Telephone Association. Prominent billing service providers include CSG Systems Inc. and International Billing Services.

Microsoft and First Data will be equal partners in MSFDC, which will be based in Denver. The two companies will combine their capabilities in software development, Internet technology and payment transaction processing as well as their established relationships with banks and merchants to deliver the new Internet-based service to consumers. MSFDC will employ a dedicated management, sales and marketing team. The board of directors comprises representatives from both Microsoft and First Data.

"MSFDC is an important part of Microsoft's strategy to further electronic commerce on the Internet," said Bill Gates, chairman and chief executive officer of Microsoft. "Microsoft and First Data are creating the first service that seamlessly links billers, banks and consumers through a low-cost, feature-rich bill-payment solution."
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126 TransPoint. Well it is August and still not TP is not up and running anywhere Benny Baga-8/4/1999
125 That's me. I've been sold, pending regulatory approval. -dave DMauch-7/20/1999
124 (PR NEWSWIRE) PNC Bank Announces Acquisition of First Data Investor Servic PNCAugustWest-7/20/1999
123 A Transpoint BIS Vendor nears completion of Biller Software. intface.comTLindt-4/8/1999
122 ATTENTION: TRANSPOINT WEB MASTER... This statement needs some work... <i&gBenny Baga-4/1/1999
121 According to the Seattle Times, Microsoft has just undergone a major reorganizaaxp-3/30/1999
120 Consolidated Data Completes Major Acquisition of YourBank MOUNTLAKE AugustWest-3/30/1999
119 For future use..... <i>Coming Soon! The TransPoint servBenny Baga-3/26/1999
118 First Data to Acquire Stake in Paymentech PAYMENTECH INC. First Data Corp. to AAugustWest-3/24/1999
117 First day of spring was yesterday (per the TP website, we can expect something Benny Baga-3/22/1999
116 >>>Duques admits that the competition won't be far behind. Yeah Benny Baga-3/8/1999
115 >>>>First Data hopes to be first to market with the new system, altTLindt-3/8/1999
114 Barron's On FDC From: Henry Niman Date: 3/6/99 Time: 5:30:35 AM Remote NamAugustWest-3/8/1999
113 they didn't have a square(one) to spare! AugustWest-3/5/1999
112 With all the Hype about Microsofts "New" e-Commerce initatives, thereBenny Baga-3/5/1999
111 That sounds good to me.Polly the Parrot-3/4/1999
110 hmmm...........kind of quiet here.....Oh Can- na - da!,.... ....well it's Benny Baga-2/25/1999
109 >>call the company ePay, have two shares float, a few banner adds on YahoAugustWest-2/15/1999
108 just a little factoid I heard on CNBC..... Llib is worth 100 billion. Give orAugustWest-1/25/1999
107 I just realized that CKFR has a higher 52 week high that FDC. Benny Baga-1/21/1999
106 thought this should be posted here.... <b>Hype and Reality: an Update&lAugustWest-1/20/1999
105 this is still one of my favorite posts. ##reply-3892626. We're now up 18AugustWest-1/13/1999
104 >>Give them until mid Q and they will announce they are the first with a D Mueller-1/4/1999
103 Cmon, their still spreading the Mayo on the bun! Give them until mid Q and theAugustWest-1/4/1999
102 Well, it's early 1999! Where's the Beef? Benny Baga-1/4/1999
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