Magazine article American Banker

Bank One to Pilot MasterCard System for Web Purchasing

Magazine article American Banker

Bank One to Pilot MasterCard System for Web Purchasing

Article excerpt

Bank One Corp. has become the first banking company to implement a Webbased purchasing system resulting from an alliance of Microsoft Corp., MasterCard International, and Clarus Corp.

Steven Abrams, senior vice president at MasterCard, said Bank One has taken the lead in a program that MasterCard will be promoting heavily to its member banks.

In the next few months Bank One will "sign several large corporate customers to pilot it," said Anna Rumsey, first vice president of commercial cards. "It will appeal to our broad customer base. We are showing the best product on the market to our customers."

Michael Kim, product manager of electronic commerce marketing at Microsoft, said his company provides back-end merchant technology, while banks provide relationships with suppliers and buyers.

More partners will be added to the alliance, Mr. Abrams said. MasterCard has "the leading corporate payment brand in the marketplace," he said.

An announcement is slated today about what these companies are calling the WebPurchasing program. During an electronic-commerce briefing in March sponsored by Microsoft, the Clarus technology was one of many running on Microsoft software such as the Site Server 3.0 Commerce Edition.

WebPurchasing participants expected to be named today at a GartnerGroup Internet commerce conference in New York include Ernst & Young, Digex Inc., Office Depot Inc., and Bank One's First Chicago subsidiary.

Other MasterCard members in the program include Bank of Montreal and its Harris Bank in Chicago, Fifth Third Bank of Cincinnati, First of Omaha Merchant Processing, and the major merchant processor Paymentech. …

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