CINCINATTI - Fifth Third Bancorp announced that it will begin issuing letters of credit for cross-border trading this month through ec-Finance.

New York-based ec-Finance allows companies to initiate letters of credit, make amendments, and track transactions online. It has a similar agreement with $170 million-asset Commercial Bank of San Francisco.

The Internet company has alliances with four marketplaces -, Commodinet,, and IBNet - and is looking to enter more international marketplaces and to team up with more banks.

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