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In
Brief: Fifth Third Partners With ec-Finance
American Banker
10/13/2000,
CINCINATTI -- Fifth Third Bancorp announced that it will begin issuing
letters of credit for cross-border trading this month through ec-Finance.
New
York-based ec-Finance allows companies to initiate letters of credit,
make amendments, and track transactions online. It has a similar agreement
with $170 million-asset Commercial Bank of San Francisco.
The
Internet company has alliances with four marketplaces -- MeetChina.com,
Commodinet, Tradeeasy.com,
and IBNet -- and is looking to
enter more international marketplaces and to team up with more banks.
Copyright
(c) 2000 American
Banker, Inc. All Rights Reserved.
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