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Banking Site for B2B Operators Set to Launch

USABancShares.com said it will launch a new private label Web site specializing in facilitating the online banking needs of business-to-business e-commerce.

Under the brand B2Banc.com, the site will provide FDIC-insured banking services and stock brokerage services will offer a series of customized financial packages designed for B2B site operators 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," said Ken Tepper, president and CEO of USABancShares.com.

"As B2B 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."

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.

B2Banc.com will target both new and existing B2B 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. Launch is planned in January 2000.