Chase Manhattan, First Data Corp. and M & I Data Services Head List of Members for New Internet Commerce Council.HERNDON, Va.--(BUSINESS WIRE)--March 16, 1999--The Electronic Funds Transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. Association (EFTA EFTA: see European Free Trade Association. ), a leading trade association for companies in the electronic payments and commerce industry, today announced formation of an Internet Commerce Council. The mission of the Internet Commerce Council will be to provide members with governmental policy insight and business analysis regarding the Internet as a sales channel, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. H. Kurt Helwig, EFTA executive director. The inaugural meeting of the Internet Commerce Council will be March 23 at the Loews Coronado Bay Resort in Coronado, California Coronado is a city in San Diego County, California, United States. The population was 24,100 at the 2000 census. Coronado is Spanish for 'the crowned one", and thusly it is nicknamed The Crown City. , near San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , said Helwig. The Internet Commerce Council meeting with be part of EFTA's semi annual Industry Summit, a one-day update of technology and policy issues affecting the electronic payments and commerce industry. The March 23 Summit is entitled "The Internet--New Channels for a New Millennium." Participating will be such Internet companies as ELOAN, CompuBank, InsWEB, and OnMoney, a new Internet See Web 2.0 and Internet2. site by Ameritrade, according to Helwig. Charter members of the new Internet Council include First Data Corp., PFF PFF Progress & Freedom Foundation PFF Preparing Future Faculty (training university teaching assistants) PFF Page Fault Frequency PFF Pre-Formed Fragmentation (type of ammunition projectile) Bank and Trust, InteliData, PULSE EFT Association, BISYS Information Group, Novadigm, M & I Data Services and Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. . "EFTA has historically done its best to advance the use of electronic payment systems and commerce," said Helwig, "and the Internet is an extension of that mission. The Council will be another EFTA venue for helping members take advantage of evolving technology." The Internet Commerce Council, which will be chaired by Matthew P. Lawlor, chairman and chief executive officer of Online Resources and Communications of McLean, Va., joins four other EFTA Councils. They are the Electronic Benefits Industry Council, the Network Executives Council, the Legal and Regulatory Affairs Council, and the Independent ATM Services Council. For more information about the Internet Commerce Council, or to register for its inaugural meeting, contact EFTA at 888/488-7635. About the Electronic Funds Transfer Association Now in its 22nd year, the Electronic Funds Transfer Association is the nation's leading inter-industry trade association dedicated to the advancement of electronic payments systems and commerce. Its members include First Data Corp., First Union National Bank, GEMPLUS Card International, Fujitsu ICL (International Computers Ltd., London) The former name of Fujitsu Services, the European-centered arm of the global Fujitsu Group and one of the leading IT services companies in Europe, the Middle East and Africa. Systems, CyberCash and Online Resources and Communications. Its web site is www.efta.org. About EFTA's Summit Series The EFTA Summit Series consists of two semi-annual meetings each year. The purpose of the meetings is to provide an intensive one-day update on the latest technology, business, and policy issues affecting the electronic payments and commerce industry. The meetings are geared towards the senior-level executive with little time for a three or four day conference. The next Summit is scheduled for October 5 in Washington, DC. For more information on the Summit Series, contact EFTA at 888/488-7635. |
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