With Integrion Financial Network's "acquisition" of Visa Interactive-Visa paid a rumored $25 million to unload the electronic banking service-and the outsourcing/equity agreement made with CheckFree, Integrion has managed to amass a significant ownership stake in the electronic banking and payments markets.

Integrion, a consortium of IBM and 18 banks representing 60 percent of the country's DDAs, had only an on-line technical standard and middleware platform five months ago. But with these deals, it's now serving Visa Interactive's home banking customers and soon will be routing CheckFree transactions over its middleware platform, arguably replacing MasterCard's remittance payment system which CheckFree currently uses.

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