Kite, Shane
November 2004
Bank Technology News;Nov2004, Vol. 17 Issue 11, p25
Trade Publication
The article informs that the top U.S. banks are seeking to recover market share in providing import-export trade services to corporate clients by automating and standardizing the sometimes lengthy, paper-heavy process and porting it to the Web. Wachovia and other banks are trying to entice customers back to using them more as middlemen in securing payment and delivery of goods manufactured overseas by expanding their legacy services from primarily providing letters of credit, to adding open account options with alerts and standardized templates meant to facilitate.


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