Microsoft and First Data unveil e-commerce venture

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In an attempt to bolster Web commerce, Microsoft Corp. and First Data Corp. launched MSFDC, a joint-venture company that's expected 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 home-banking services they might currently be using, or directly using a Web site hosted by the venture.

Copyright June 1997, Crain Communications Inc.

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