Transpoint LLC appears to be modifying its strategy for distributing electronic bills to banks, according to an electronic payments analyst.

The joint venture of Microsoft Corp., First Data Corp., and Citigroup Inc. recently said it would be four to six months before it completes interfaces linking corporate billers' electronic billing data to financial institutions' Internet banking software, according to Avivah Litan of GartnerGroup in Stamford, Conn.

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