PNC Bank Corp., building on its leadership position in wholesale lockbox banking, is exploiting a void in the electronic bill payment and presentment market with its planned joint venture with Perot Systems Corp.

BillingZone, announced Wednesday, would enable corporations to present and pay bills over the Internet. As one of only five banking companies that operate a national wholesale lockbox network, PNC is in a prime position to simplify the complexities of collections and account reconciliations on-line.

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