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Bank Of America To Launch Internet Banking System 12/02/96
TOKYO, JAPAN, 1996 DEC 2 (NB) -- By Martyn Williams. Bank of America
is due to offer its credit card customers the ability to perform
basic account transactions via the Internet next year. The bank will
be using a system currently under development by Hitachi Ltd. and Bank
of America subsidiary Concorde Solutions, a Hitachi spokeswoman
confirmed to Newsbytes today.
"The new system will enable credit card transactions via the
Internet," said Hitachi's Emi Takase. "Bank of America is aiming
to market the system from August, 1997."
Customers should be able to check credit card balances and account
details, apply for credit limit increases, and many of the other
actions that a telephone is currently used for.
Concorde Solutions, a company 70 percent owned by Bank of America,
will develop the application for users with Hitachi. It will run on
top of the Japanese company's TP Broker system, an object request
broker that was developed with Visigenic Software Inc.
Launch customer for the system will be Concorde parent Bank of
America, but plans are for the system to be marketed to other banks.
"The product will be sold by both companies afterwards," said
Takase.
(19961202/Press contact: Emi Takase, Hitachi Ltd., +81-3-3258-2055,
fax +81-3-3258-5480, e-mail [email protected]; Reported By
Newsbytes News Network: http://www.newsbytes.com)
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