A realization that $200 billion of revenue is up for grabs- with nonbanks in the hunt-gave participants in the National Automated Clearing House Association's Payments '99 conference last week reasons to cheer and to worry.

Payment services generated $200 billion of business in 1997, according to PSI Global, a Tampa-based consulting firm. Banks captured 57% of that volume. Hardware and software vendors, third-party service providers, transportation companies, and nonbank financial service companies got the rest.

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