Advantis, a networking technology venture between International Business Machines Corp. and Sears and Roebuck, has negotiated an agreement with the recently launched payment Solutions Network Inc. The new deal gives Advantis a three-year stock option plan to buy up to 20% of PSN's common shares.

The new arrangement bodes well for the future of PSN, the new electronic check presentment exchange, said Denny Carreker, president of Dallas-based J.D. Carreker and Associates, and a part owner of PSN.

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