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Barclays plc to launch b-to-b e-procurement service

Published on .

London--U.K. banking giant Barclays plc in January will launch an Internet-based b-to-b procurement service, making it the first bank in the country to do so. Peterborough NHS Trust, London, will be among those using the service, which will allow businesses to order, pay for and reconcile supplies over a secure Web transmission hosted by the bank. Barclays' move follows similar initiatives by Citigroup, New York, and Wells Fargo & Co., Minneapolis.
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