As the treasury management business continues to consolidate, NationBank Corp. is fighting a two-front battle: maintaining paper-based products traditional paper-based products while it balances on the edge of electronic delivery systems.

The goal is to keep the Charlotte, N.C.-based giant among the top five banks providing cash management services to companies. That' the creme de la creme of a group of 20 banks that already control nearly half the $7 billion-a-year business.

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