April 06, 2000

GMAC Commercial Mortgage, Horsham, Pa., has selected Princeton eCom, Princeton, N.J., to provide e-billing services.

Bank One, Chicago, has licensed Trade Innovation, a trade finance system from MKI, New York.

CIBC, Toronto, has installed BusinessBridge, a business process analysis software tool from Systar, Fairfax, Va., for its mortgage business.

First International Bank, Hartford, Conn., has agreed to provide online financing to users of ThreadXchange, New York, a vertical service provider for the apparel industry.

Presidential Bank, Bethesda, Md., has licensed Web Cash Manager from Politzer & Haney, Boston, to deliver Internet banking to its commercial customers.

MasterCard International, Purchase, N.Y., tapped MobileWay, San Ramon, Calif., to develop a wireless authentication scheme using to verify cardholders and to confirm transactions.

NetBank, Atlanta, has awarded a five-year outsourcing contract to NCR, Dayton, Ohio, to provide check imaging services.

FleetBoston has licensed eRM, a check fraud detection reporting tool from Carreker, Dallas.

Bank of America, Charlotte, N.C., has selected CapitalStream, Seattle, to provide real-time credit applications and approvals.

Chase Merchant Services, Melville, N.Y., has been selected by Peachtree Software, Atlanta, as preferred provider of payment processing solutions to users of Peachtree's business accounting software products.

Northern Trust, Chicago, has installed TeamSite, a content management software product from Interwoven, Sunnyvale, Calif., to manage and control its Web site content.

Chase Manhattan Bank, New York, and Funge Systems, McLean, Va., are installing smart cards, terminal readers and software aboard U.S. Navy ships in a program to provide ship personnel with access to electronic payment services.

J.P. Morgan Chase, New York, Wells Fargo, San Francisco, and Americredit, Fort Worth, Texas, have launched DealerTrack, a Web-based platform for automating workflow among dealers, lenders and consumers.

InterFirst Mortgage Lending, Ann Arbor, Mich., has announced that 66% of its rate locks and 67% of funding orders are performed on MOAI, its Web-based wholesale mortgage lending service.

CIBC, TD Bank and Scotiabank, all of Toronto, have added the online person-to-person payment service of Certapay, Toronto.

Identrus, New York, a global trust system, has added seven new banks: AIB Group, Bank of Ireland, Bank of Tokyo-Mitsubishi, Banco Sabadell, Banesto, Credit Lyonnais and PNC.