Then the financial institution can use its secure financial networks to transmit any additional information on behalf of the customer. The Web Context To succeed, financial institutions will have to look at their products and services and think of them in context of the Web. Let's say you want to go apply for a passport. If your bank has scanned your documents, you can ask the bank to send your birth certificate to the passport office to qualify for a new passport, without going to the bank and taking your birth certificate out of the safe deposit box. This works because the information goes over a secure network and you trust the bank with the information.
Financial institutions can offer free Internet service for their customers.
We are targeting to offer solutions for all three tiers. We have active programs to work with ASPs to host financial services and get them up and running so they can help financial institutions make the transition to make their applications work with a web-based environment. Through these companies, we work with third-party application providers to get their products running on the ASPs. The ISV works with the ASP and we work with both of them to make this available to the financial institutions. When a financial institution's virtual customers come into the private-labeled ASP, the pressure is removed from the financial institution to be responsive to the Internet market.