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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olin who wrote (15237)	1/29/2001 10:29:30 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 19080

Oracle Teams With Wells Fargo for Business-to-Business Financial Services Wells Fargo Intends to Integrate Its Financial Services With Oracle's B2B Exchange Software REDWOOD SHORES, Calif., Jan 29, 2001 /PRNewswire via COMTEX/ -- ( oracle.com ) Oracle Corp. (Nasdaq: ORCL chart, msgs), the largest provider of software for e-business, today announced that it is working with Wells Fargo & Co. (NYSE: WFC chart, msgs) to integrate Oracle's B2B Exchange software with Wells Fargo's financial services for e-marketplaces. Integration is expected to provide Oracle Exchange users with a range of Internet-enabled B2B commerce services including credit, electronic payment and settlement, and digital certificate-based trust services. "We're excited to be working with the leading Internet bank to bring trust, security, and efficiency to an otherwise uncertain Internet transaction. Oracle's open architecture for financial services is flexible, allowing any Oracle Exchange operator to integrate the financial institution of their choice into their exchange," said Sandy Sanderson, executive vice president, Oracle Corp. "We expect financial services integrated by Wells Fargo into Oracle Exchange to be available to all Oracle Exchange customers and be made available to participants on Oracle's global, open, horizontal marketplace, OracleExchange.com." The services that the companies expect to offer to users of OracleExchange.com and Oracle-powered exchanges are part of Wells Fargo's recently announced WellsXchange(R) solution. WellsXchange allows e-marketplace members to complete a variety of domestic and international transactions without ever leaving a marketplace site, creating a seamless online solution that is simple, secure, and efficient. These services also improve the ease with which e-marketplace members can complete their transactions online. "We are moving aggressively to provide e-marketplaces with the financial services they need to manage transaction and payment settlement risks and to provide an end to end solution online," said Steve Ellis, Executive Vice President of Wells Fargo's Wholesale Internet Solutions Group. "Our partnership with Oracle supports our e-marketplace strategy, and Wells Fargo's recent WellsXchange launch." Wells Fargo is a member of the Oracle Exchange Partner Initiative (OEPI), which will provide a range of integrated value-added services for Oracle Exchange operators, suppliers and buyers worldwide. The Oracle Exchange Partner Initiative is part of the Oracle Partner Program (OPP), a global business network of more than 12,000 companies who deliver innovative e-business solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle Partner Program provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's leading supplier of e-business solutions. About Wells Fargo Wells Fargo & Company is a diversified financial services company with $272 billion in assets providing banking, insurance, investments, mortgage and consumer finance services through approximately 6,000 stores, its Internet site (www.wellsfargo.com) and other distribution channels across North America as well as internationally. About Oracle Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call 650-506-7000. Trademarks Oracle is a registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners. Source: Oracle Corp.