How will the Microsoft-First Data Corp. venture affect banks' electronic bill presentment plans?

Banking is vital to a healthy economy; banks are not." This is the arresting opener from a recent study on the future of retail banking by Professor Ravi Kalakota, of Georgia State University. As an indefatigable bull market irresistibly lures consumers to move their money out of banks and into mutual funds and other forms of investing, banks are desperately trying to stay the hemorrhaging by increasing the number of transaction fees and upping ATM charges.

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