In Brief: 6 Big Banks to Use M&I Payment Services

Marshall & Ilsley Corp.'s M&I Data Services division has signed up six major banks to use its CashExpress product line through its new electronic banking services division.

Deutsche Bank, Bank of America, Chase Manhattan, Regions Bank of Birmingham, Ala., Wachovia, and PNC have signed on.

M&I's service bureau is to operate services for customer-initiated payments, multibank balance reporting, electronic tax payment services, cash concentration and disbursement, and automated cash concentration to corporate customers.

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