BankAmerica Corp. has signed contracts with Intranet Inc. and Digital Equipment Corp. to install a new funds transfer system.

The San Francisco-based banking giant will be implementing Intranet's Money Transfer System, or MTS, a payment processing and communications system that operates on Digital Equipment Corp.'s VAX computers. The system can interface with Chips, Fed Wire, Fed Book Entry Securities, Swift, and telex carriers on a multibank database.

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