A California company has set out to take electronic commerce down a notch-in cost and complexity.

CommerceWave Inc., a renamed and reconstituted version of a company providing on-line transaction processing systems for banks and retailers since 1986, said its new product, MerchantWave, enables the creation of electronic storefronts within hours for hundreds of dollars. Top-of-the- line, functionally equivalent systems can take months and cost thousands or tens of thousands of dollars.

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