USABancShares.com to Launch Online Business-to-Business Bank; B2Banc.com to
Serve as e-Commerce Engine
Business Editors/Hi-Tech Writers
PHILADELPHIA--(BUSINESS WIRE)--Dec. 29, 1999--USABancShares.com
(NASDAQ:"USAB") today announced that it will launch a new private
label website specializing in facilitating the online needs of
business-to-business e-commerce.
Under the brand "B2Banc.com", the site will provide FDIC insured
banking services and stock brokerage services at www.b2banc.com, and
will offer a series of customized financial packages designed for
B-to-B users to include ISP access and long distance service.
"The business-to-business market is extremely important for us,
and has remained virtually untouched by the online financial services
industry. As B-to-B commerce expands, we will be there to make sure
that the financial aspects of buying and selling products and services
online are seamless for companies that choose to do business
together," said Ken Tepper, President & CEO of USABancShares.com.
B2Banc.com will be a division of vBank, the company's FDIC
insured financial institution. Brian Hartline, chief operating officer
of the company, will serve as President of the new B2Banc.com
division.
"The Philadelphia area has become the leading incubator for
B-to-B e-commerce companies, and our ability to integrate with these
companies will be an important asset for us," Hartline said.
B2Banc.com will target both new and existing B-to-B sites in terms of
establishing online affiliations, and will focus on servicing the
billing and payment functions at those sites.
B2Banc.com customers will have automatic purchasing power at
affiliate sites, directly linking their business bank accounts with
vendors who provide online products and services. In addition,
B2Banc.com will offer customized financial products and services to
specialized industry and trade groups which participate in B-to-B
E-commerce.
B2Banc.com will launch in January as a totally Y3K compliant
bank.
Ranked No.1 in the country by Gomez Advisors for its "energyONE"
account, USABancShares.com owns both an FDIC insured bank and an NASD
regulated brokerage firm.
Through partnerships with a variety of Internet service and
e-commerce companies, USABancShares.com is dedicated to providing the
country's premier online financial services experience at
www.usabancshares.com and a number of other co-branded and private
label sites throughout the Internet.
--30--SF/ph*
CONTACT: USABancShares.com
Brian Hartline, President - B2Banc.com
215/569-4200
BMH@USABancShares.com
KEYWORD: PENNSYLVANIA
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS INTERNET
E-COMMERCE TELECOMMUNICATIONS
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