HACKENSACK, N.J. - Infinet Payment Services Inc., owner and operator of the NYCE electronic banking network, signed an agreement with SmartPay Processing Inc. for home banking and electronic bill payment services.

Infinet plans to begin offering the service to its members early in the second quarter.

The agreement gives Infinet exclusive use of SmartPay's bill payment product in the Northeast.

In the past six months, Bellevue, Neb.-based SmartPay has signed similar agreements with the Most automated teller machine network, which operates in 12 Middle Atlantic and southeastern states, and Michigan-based Magic Line Inc., the largest ATM network in the Midwest.

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