Regret the Error

In the July 1 paper, a story on page 16, “Viewpointe Offering a Cheap Connection for Small Banks, page 16, had several errors. First, it misdescribed Viewpointe’s new Internet connectivity service, which uses an existing file-sharing application, not a new software product. The story also misstated Viewpointe’s ownership structure; it is owned by five banks and International Business Machines.
In addition, Diane Scott, Viewpointe’s CEO, was misquoted as saying the cost of maintaining dedicated lines makes its Pointe2Pointe a poor fit for small banks; she said they may not have the resources or check volume to justify the expense of a dedicated line.