Fleet Boston Corp. launches corporate customer Internet suite

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Boston--Fleet Boston Corp. has launched a suite of transactional Net services aimed at its cash management and global trade customers. The services allow Fleet Boston's global corporate customers to perform funds transfers and letter-of-credit transactions over the Web. Previously, these transactions could only take place off line, by phone, fax, or over proprietary electronic networks. Fleet Boston's moves are significant because commercial banking industry has, until recently, largely been lagging behind the retail banking industry in terms of Internet initiatives.
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