In Brief: Citibank Using Transpoint to Present Bills

its own bills electronically through Transpoint LLC, the joint venture of Microsoft Corp., First Data Corp., and the bank's parent, Citigroup Inc.

Citibank was planning to start a "very targeted" rollout of electronic mortgage bills at the beginning of October, said Lewis Goldman, vice president of electronic commerce at Citibank, who spoke at Jupiter Communications' on-line financial services conference last week.

Mr. Goldman said the bills would be available at the two Internet sites currently presenting Transpoint bills: Transpoint's Web page and Microsoft Corp.'s MoneyCentral personal finance site.

Citibank would probably begin a test for mortgage payments and other Transpoint bills at the bank's Direct Access Web site in the first quarter, he said, and would probably move to a live rollout in the second quarter.

The bank's mortgage unit serviced $88.25 billion of mortgages at the end of the second quarter, ranking it 10th among conventional mortgage servicers, according to National Mortgage News.

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