NationsBank Corp. has installed new personal-computer-based software designed to manage credit card loan recovery by electronically linking card issuers to collection agencies.

Charlotte, N.C.-based Nationsbank, along with Boatmen's Bancshares Inc., St. Louis, served as test sites for the software, called Master Recoveries. The program is being marketed by MasterCard International to its members. It was developed by MasterCard and Lawnet Inc., New York.

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