Name Changes

Start-Ups

Expansions

Leaving Town

Management Moves

Contracts Awarded

Deaths

Corrections or additions?

Published in U.S. 1 Newspaper on January 26, 2000. All rights

reserved.

Life in the Fast Lane

Just who owns the information on your bank statement?

The new online bill presenting company, Secure Commerce Services

(SCS),

says consumers own it. But one very large bank — First Union —

has filed a lawsuit in federal district court in North Carolina to

reclaim this territory.

Secure Commerce Services, based at 29 Emmons Drive, scans a client’s

bills and puts them online at Paytrust.com. The CEO of SCS, Edward

G. McLaughlin (Wharton, Class of 1987), explained this service at

the U.S. 1 Technology Showcase last year (U.S. 1, August 25, 1999).

For one monthly fee, clients can see their bills, pay them with a

click of a mouse, and store the bills on a web page. An optional

"Smart

Balance" option, launched in November, provides online customers

with an estimate of the balance in their bank accounts.

First Union accuses SCS of threatening the security of customer data

on the bank’s online banking site, for falsely implying an

affiliation,

and for infringing on service marks and copyrights. It says SCS is

"free-riding" and in the lawsuit claims such activity

"significantly

diminishes, if not destroys, the commercial incentive for banks and

other financial institutions to expend the tremendous resources and

labor necessary to collect, organize, and make available for display

up-to-the-minute customer financial account information on bank

websites."

SCS has noted that First Union is not attacking its core business,

only the Smart Balance option, that the suit is without merit, and

that it intends to vigorously defend its Smart Balance service. SCS

claims it has a secure site, with VeriSign technology, and that it

does not store customers’ PIN numbers on its site.

Banks that are antagonistic to bill aggregators like

SCS dismiss them as "screen scrapers," as quoted in the

American

Banker Online. But most banks are anxious to stake their own claim

in this valuable area of virtual real estate in order to preserve

their contact with customers and give them a chance to sell additional

services. The Gartner Group suggests that revenue from electronic

bill payment will rise from $250 million in 1999 to $1.7 billion in

2002.

Though only 60 percent of large banks offer online bill payment now,

the Gartner consultants believe that most banks will offer this option

within two years. First Union has joined a group of banks in a joint

service, called Spectrum, to do this. On the day it filed the lawsuit,

December 30, First Union announced it had come up with access,

security,

and privacy requirements for the aggregators.

SCS was valued last year at about $90 million with about $37 million

in investment capital. With $30 million in cash from a group that

included Softbank Corp., American Express Co., and General Electric’s

G.E. Capital, it leapt ahead of such competitors as Cyberbills Inc.

and PayMyBills.com when it quadrupled its capital. The real diamond

in the deal, though, was an agreement by American Express to market

the Paytrust service to its 29 million members (U.S. 1, December 8,

1999).

Nevertheless, SCS would need much deeper pockets to outspend First

Union in the court system. First Union is the sixth largest bank

holding

company in the United States and has an estimated 16 million

customers,

of whom about 1.2 million use online banking services.

"We are not scraping bank sites to find out what the banks’

checking

interest rates are," says McLaughlin of Secure Commerce Services,

quoted in the Online Reporter. "We are just providing a

value-added

service. It’s a convenience for customers."

Nevertheless, McLaughlin is reported to be trying to negotiate an

agreement.

Secure Commerce Services, 29 Emmons Drive, Suite

B-30, Princeton 08540. Ed McLaughlin, president and CEO. 609-720-1818;

fax, 609-720-1819. Home page: http://www.paytrust.com.

Top Of Page
Name Changes

Internet Publishing Group Inc. (VertiNews.com),

108 West Franklin Avenue, Straube Center Suite I-20, Pennington

088534.

William L. Dunn, chairman. 609-730-9268; fax, 609-730-8652. Home

page: http://www.ipgdirect.com.

VertiNews.com Inc., a company founded by five former Dow Jones

executives

(U.S. 1, July 7, 1999), has changed its name to reflect current

business

activities. So far it has launched Internet-based subscription on

two niche markets, real-time coverage of Asian markets (foreign

investors

who are buying assets and distressed loans from Asian banks and

corporations

in four countries) and the commercial real estate industry, (including

publicly traded real estate companies and securities as well as major

industrial, office, retail, and multi-housing properties in North

America). Subscribers to each site can take advantage of both a

powerful

search engine and customized E-mail news alerts.

"Renaming the company to Internet Publishing Group underscores

our determination to establish the dominant Internet site for breaking

news, research, and information, while offering associated E-commerce

and collaborative services for business professionals," says Craig

O. Allsopp, president and CEO.

Advanced Realty Network, 55 Princeton-Hightstown

Road, Suite 203, Princeton Junction 08550. Tom Mulligan, broker.

609-275-7003;

fax, 609-275-6878.

The residential and commercial real estate firm Realty Executives

changed its name to Advanced Realty Network.

GN Nettest, 139 Wall Street, Princeton 08540.

Francis

Sladen, vice president. 609-924-7676; fax, 609-683-4357.

PK Technologies, the company that makes instruments for the analysis

of fiber optics, was bought by the Danish company GN Nettest. Now

the engineering office at 129 Wall Street and production office in

Beaverton, Oregon, will carry the new name. Most clients are in Asia,

with the exception of Lucent and Corning.

Paul Stephens Engineering Consultants, 379

Princeton-Windsor

Office Park, Building 1, Cranbury 08512. Paul Stephens, partner.

609-426-8995;

fax, 609-426-8919.

The forensic engineering firm Smith, Stephens, Reed & Phillips Inc.

is now Paul Stephens Engineering Consultants, named after the partner

in charge. Ownership of the company has not changed, however. This

is the New Jersey office of a Hatfield, Pennsylvania, company that

serves as a witness to architects and engineers in product liability

suits.

Replication Medical Inc. (Biomimetics), 5 Crescent

Avenue, Princeton Business Park, Suite B-1, Box 739, Rocky Hill

08553-0739.

David Anderson, president. 609-921-2854; fax, 609-683-8768.

Formerly known as Biomimetics Inc., this company has changed its name

and replaced Randolph Cooke as president. It is working on orthopedic

applications of hydrogel technology, particularly to replace the

nuclei

in spinal disks, but also to prevent the formation of scar tissue,

says Vladimir Stoy, president and CEO of the sister company, S.K.Y.

Polymers Inc.

Top Of Page
Start-Ups

eMedGuides.com, 15 Roszel Road, Princeton 08543.

Daniel Goldenson, president. 609-799-2500; fax, 609-799-2501. Home

page: http://www.emedguides.com.

Daniel R. Goldenson, who had been operating a commercial real estate

firm at 14 Washington Road, has moved to Roszel Road and launched

an start-up called eMedGuides.com, which publishes print and online

directories of websites geared to physicians. Goldenson has hired

a team of editors with medical backgrounds to scour the Internet for

medical information according to specialties — general surgery,

cardiology, and veterinary medicine, for example.

Goldenson, who started his career publishing commercial real estate

directories and later developed the seven buildings at Washington

Park, is currently employing a dozen people in this operation. He

declined to be interviewed at length about the new company at this

time.

Top Of Page
Expansions

Amper, Politziner & Mattia CPAs, 731 Alexander

Road, Princeton 08540. Gerard Abbattista CPA, officer-in-charge.

609-924-1010;

fax, 609-924-8969.

The Edison-based accounting firm has moved from Princeton Professional

Park at 601 Ewing Street to the 3,600 square feet in the new Nexus

building, Princeton Plaza, at 731 Alexander Road. The Buschman Group

represented the landlord. Designed by Kevin Blackney & Associates,

the building has an upscale oval lobby and walk-out bay windows. The

firm has 180 employees distributed in offices in Edison, Flemington,

and Manasquan.

Weblications LLC , 5 Vaughan Drive, Wing A, Suite

103, Princeton, 08540. Robert Weber, president. 609-799-3022; fax,

609-799-1196. Home page: http://www.weblications.com.

Robert Weber’s web hosting firm has moved from 8 Margaret Court, Suite

101, in Princeton Junction, to 5 Vaughn Drive, Wing A, Suite 103,

picking up roughly 1,600 square feet. They are currently upgrading

and expanding their data center, where they run multiple T-1 lines.

With the expansion, says Weber, the company could be "one of the

fastest at web hosting in the state."

Top Of Page
Leaving Town

Juvenile Diabetes Foundation-Mid Jersey, 2865 Route

1, South, North Brunswick 08902-4309. Joan Salerno, executive

director.

732-422-9590; fax, 732-422-9596. Home page:

http://www.jolfcure.org.

After almost five years on Route 1 South, the mid-Jersey chapter of

the foundation is moving to 28 Kennedy Boulevard, Suite 180, East

Brunswick 08816. The new telephone is 732-296-7191.

NHM Financial Institutions Inc., Princeton-Windsor

Office Park, Building 3, Box 301, Princeton Junction 08550-0301.

Arthur

Fullan, president. 609-443-7400; fax, 609-443-7404.

The Princeton Junction office of this insurance company has closed,

but calls are being forwarded to the office in Flanders. The number

there is 973-252-5141.

Signafy, 4 Independence Way, Princeton 08540. James

Philbin, director of still images. 609-734-7620; fax, 609-734-0788.

Home page: http://www.signafy.com.

The firm, which developed commercial applications for digital

watermarking,

has consolidated with its parent company, NEC, while continuing

development

in Japan. NEC is now occupying this office space. All calls are being

directed to NEC.

The Lepus Group, 189 Orchard Road, Princeton 08540.

Bob Raffo Jr., partner. 609-279-0363; fax, 609-279-0263. Home page:

http://www.lepusgroup.com.

The company which helped businesses convert mainframes to servers

is no longer at this location and the number has been disconnected.

Top Of Page
Management Moves

Mercer County Chamber of Commerce, 214 West State

Street, Trenton 08608-1002. Cathy Frank-White, CEO. 609-393-4143;

fax, 609-393-1032.

A former mayor of Montgomery Township is the new president of the

county chamber. Cathy Frank-White has also been the administrator

of Branchburg Township, the executive director of the New Jersey

Association

of Chiefs of Police, and manager of government relations for the food

distributor Wakefern Food Corp/Shop Rite. George Pruitt, president

of Thomas Edison State College, is chairman.

Chamber of Commerce of the Princeton Area, 216

Rockingham Row, Princeton Forrestal Village, Box 431, Princeton 08542.

C. Ellen Hodges, president. 609-520-1776; fax, 609-520-9107. Home

page: http://www.princetonchamber.org.

Aubrey Haines, vice president at Trammell Crow, handed over the gavel

to the new chairman, Katherine Kish, president of Market Entry Inc.,

a company she founded in 1982. Active in women’s business issues,

Kish has served as vice president of the National Association of Women

Business Owners, and as director of the National Foundation for Women

Business Owners.

New Jersey Shares, 1415, Hightstown 08520-1415.

Larry Savitsky, executive director. 609-443-8118; fax, 609-443-7636.

This non-profit agency that helps working families meet their energy

bills has just elected several leaders of local utility companies

to its 2000 Board. Gary Gamler, of GPU Energy, is now the president

elect. Ron Reisman of Elizabethtown Gas Co. is the new vice president,

and Victor Viscomi of PSE&G is the treasurer. The agency offers relief

grants to non-welfare households that are experience a financial

crisis

through no fault of their own. Eligibility is determined through 38

social service agencies.

Raritan Valley Community College, Route 28 and

Lamington Road, Box 3300, Somerville 08876-1265. Jerry Ryan,

president.

908-526-1200; fax, 908-231-8810. Home page:

http://www.raritanval.edu.

On March 15, Jerry Ryan will begin work as the new president of the

two-year college, replacing Cary Israel, who left for a position in

Plano, Texas, last August. Ryan is now president and CEO of Quincy

College in Quincy, Massachusetts. A graduate of Hamilton College,

he has a doctorate from Nova Southeastern University. He has been

vice president for marketing, planning, and development for Maryland’s

Harford Community College, and dean of research and development at

Brookdale Community College, among other positions.

The Ridge at Back Brook, 211 Wertsville Road, East

Amwell 08551. Joel Moore, developer. 609-466-7702; fax, 609-466-7727.

William W. Augustine, retired as a residential real estate developer,

has been named membership director for the Princeton area’s newest

golf club, due to break ground this spring.

Developer Joel Moore plans for the 300-acre Ridge at Back Brook to

open in 2001. The club will have an 18-hole course designed by Tom

Fazio, three-time winner of Golf Digest’s "best present day

architect"

category.

Top Of Page
Contracts Awarded

Sovereign Bank Arena, 640 South Broad Street, Box

8068, Trenton 08650-0068. Scott Sloman, general manager. 609-656-3200;

fax, 609-656-3201. Home page: http://www.sovereignbankarena.com.

Globe Facility Services, the Tampa company with the contract to run

the arena, has been bought by Comcast-Spectacor, which also owns the

First Union Center, the First Union Spectrum, and the Philadelphia

Flyers and 76ers. Electric Factory Concerts will continue to book

and promote the shows at the arena, which has 15 full-time employees.

Top Of Page
Deaths

Ann Taylor Davy, on January 15. She was a buyer at Mrs.

G’s Appliance Store on Route 1 North.

Adam Kendall Spriggs, 35, on January 15. He was attending

DeVry Institute.

Simon Larach, 77, on January 20. He was a research fellow

at the David Sarnoff Research Corporation and founded DevTech Inc.,

a consulting firm.

Thomas P. Cortelyou MD, 78, on January 21. He had been

chairman of emergency medical services and the department of general

practice at the Medical Center of Princeton.


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