State Street Corp., which got its start in the 19th century as a provider of letters of credit and other trade financing between companies in the United States and China, is going online.

The Boston banking company is expected to unveil an Internet-based service designed to make transactions between exporters and importers speedier and more efficient. State Street is targeting companies with annual sales of more than $100 million and well-established connections with overseas suppliers for its new product, Open Account Trader. The announcement could be made as early as today.

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