IBM to Offer New Net-Based Bank Products

International Business Ma-chines Corp. is expected to unveil a set of products today designed to open the services of the Integrion Financial Network to a wider range of banks.

Integrion is a home banking consortium co-owned by IBM and 16 major North American financial institutions.

The new products, which can help banks launch a variety of Internet- based financial services, adhere to the Gold technical standard favored by Integrion.

When using the so-called Goldrush products, banks would be able to run transactions through Integrion's aborning network.

"This is a solution for those non-Integrion firms that want assistance in bringing the pieces together into one solution," said IBM spokesman Ian Colley. "Financial institutions want to develop something that they perceive the industry is supporting."

The heart of Goldrush is Domino, software designed by IBM's Lotus Development Corp. to run on financial institutions' Web servers.

Goldrush is designed to integrate Integrion's recently an-nounced Gold messaging standard for financial transactions with Lotus' Domino and Notes software products, said Alan B. Strickland, an electronic banking solution manager with IBM.

IBM is hoping its position as the key technology provider to Integrion will help it secure closer relationships with financial institutions putting their services on the Internet.

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