MECA, PRODIGY AND PERSHING FORM STRATEGIC ALLIANCE; ANNOUNCE ONLINE BROKERAGE DOWNLOADS TO
MECA, PRODIGY AND PERSHING FORM STRATEGIC ALLIANCE;
ANNOUNCE ONLINE BROKERAGE DOWNLOADS TO MANAGING YOUR MONEY'
NEW YORK, Nov. 19 /PRNewswire/ -- Prodigy Services Company and the Pershing Division of Donaldson, Lufkin and Jenrette today announced a new strategic alliance with MECA Software, Inc. to link financial features on the PRODIGY service with MECA's popular personal finance software.
As a first step, the partnership will establish a link that enables PRODIGY members who use the service's online broker, the Personal Control Financial Network,(sm) (PCFN) to download account information into MECA's award-winning "Andrew Tobias' Managing Your Money(R)."
This new link, available in early 1992 will enable PRODIGY members who use PCFN to quickly and accurately download their account information -- including account balances, security positions with the latest prices, and transactions over the past 90 days -- directly into Managing Your Money. The program will then assimilate the data for informed investment decisions. Managing Your Money offers such reports as graphs of realized and unrealized gains, performance comparisons against the Dow averages or S&P 500, a portfolio's asset allocation and more.
"Managing Your Money is a leading personal financial management program and PCFN is the fastest-growing online broker," said Prodigy Vice President Chet Thompson. "The link between them will bring PRODIGY members a valuable new way to direct their finances."
"We're excited about the synergy between our two companies to meet the personal finance needs of people in the '90s," said Daniel Schley, president of MECA Software, Inc. "Downloading PCFN account information is the first of what we hope will be many links between Prodigy and MECA."
The two companies also announced that a special offer for PRODIGY service software would be included with Version 8.0 of Managing Your Money, and that PRODIGY service members who use PCFN will be able to purchase Version 8.0 at a special price.
The PCFN download feature will write account information to a file on the member's computer disk. That file can be read by a special MECA utility that will update Managing Your Money records quickly and accurately without retyping. PCFN keeps a record of the last download date, so members receive only new transactions unless they specify otherwise. The file can be read by spreadsheets.
The PRODIGY service enables families with personal computers to save time and money on shopping, securities trading, banking and bill paying; to find and book superior values in travel and leisure activities; to select a broad range of information, education and entertainment; to search an encyclopedia; to place and respond to classified ads; and to exchange personal messages from their homes and offices. Each household connects to these services through its regular telephone line attached to a modem. PRODIGY software has been a best seller since its national introduction in the fall of 1990.
MECA Software, Inc. develops, publishes and markets a family of personal productivity software products designed to assist individuals in managing personal or small business finances, preparing their income taxes and managing personal legal affairs. The products incorporate the knowledge and perspective of recognized experts in these fields and are designed to provide users with the information needed to solve complex problems and make informed decisions. MECA has taken a leadership position in the software industry by utilizing extensive market research to develop and upgrade products that meet the changing needs of personal computer users.
Managing Your Money, named PC World Magazine's "Best Buy" in 1991 as the outstanding product in the field of personal finance is a fully integrated software package that incorporates into one powerful, easy- to-use program all the tools users need to gain control of their personal finances. It has been a perennial best seller since its release in 1984.
PCFN, from the Pershing Division of Donaldson, Lufkin and Jenrette, is available on the PRODIGY service and is the fastest-growing online broker in America. With the touch of a few keys, a member using PCFN can trade stocks, mutual funds and CDs online. The benefits of PCFN include trading flexibility, immediate confirmation of trades, online current information and free investment reports. There is no additional charge for PRODIGY service members to use PCFN other than discount commissions on security transactions. These commissions are among the most competitive in the industry.
Information on Start-up Kit locations is available from a special toll-free consumer information number: 1-800-PRODIGY. MECA is headquartered at 55 Walls Drive, Fairfield, Conn. 06430. The company's customer service number is 1-800-288-MECA.
/CONTACT: Wendy Handler of MECA Software, 212-355-5049, or Blake Darcy of PCFN, 201-413-2095, or Steve Hein of Prodigy Services, 914-993-8789/ CO: MECA Software, Inc.; Prodigy Services Company, PCFN ST: New York IN: CPR SU: PDT PS -- NY005 -- 4838 11/19/91 10:01 EST