|
Bank of America, Ariba say form B2B alliance CHARLOTTE, N.C., April 4 (Reuters) - Bank of America Corp. (NYSE: BAC) and e-commerce company Ariba Inc. (NASDAQ: ARBA) on Tuesday said they have formed an alliance to create an Internet-based financial services marketplace for business customers. Bank of America will use Ariba technology in creating Banc of America Marketplace LLC, a new company that will start up and run the business-to-business marketplace for the bank`s two million business customers. Ariba, based in Mountain View, Calif., and Bank of America will share in transaction-based revenues from the alliance. Bank of America expects the marketplace`s services to include electronic invoicing capabilities, extensive payments capabilities and foreign exchange. The alliance will gather Bank of America`s roughly $7 billion in yearly worldwide purchasing from outside suppliers and streamline its procurement process, the companies said. |
|
| aus der Diskussion: | Ariba - News |
| Autor (Datum des Eintrages): | buckweiser (04.04.00 22:06:58) |
| Beitrag: | 2 von 9 (ID:753247) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |