SAN MATEO (05/11/2000) - Following on the heels of Wells Fargo & Co.'s launch of Web-enabled ATMs, the company has moved further into the e-commerce space via an alliance to provide EFT (electronic funds transfer) transactions for the Gelco Information Network, a provider of outsourced solutions for the government and the consumer-goods industry. The agreement is the latest step toward Gelco's electronic marketplace, which will launch later this year, Gelco officials said. The electronic-payment engine will allow consumer-goods trading partners to use EFT to execute payments via the Internet, officials said. An electronic trade-offer system will enable manufacturers, wholesalers, and sales agents to present trade-marketing programs and offers directly to retailers via the Internet, according to Gelco.
Search engine GoTo.com Inc. has completed its acquisition of online auction-search service AuctionRover.com. The purchase will enable GoTo.com to carry listings of more than 100 other major auction sites such as eBay Inc., Yahoo Auctions, and Amazon Auctions, officials said. The acquisition of AuctionRover represents a further expansion of the GoTo search offering, GoTo said. GoTo's advertisers and merchants will be able to place products and services into the auction channel through AuctionRover, which will be renamed GoTo Auctions, according to officials.
Targeting Web site visitor usability and intelligence solutions, Microsoft Corp. signed an exclusive co-marketing agreement with Buystream.com to provide Buystream Architect for FrontPage 2000, officials said. The product works behind the scenes to equip site developers with knowledge about the technical specifications of visitors, allowing them to build Web sites for the majority of visitors and to create a stronger Web presence, according to Buystream.com officials.
WebMethods has expanded its business-to-business integration offerings through a partnership with e-catalog developer Cohera. The companies will target online exchanges with technology for building and managing scalable e-catalogs, processing critical business transactions, and integrating b-to-b exchanges with disparate back-office procurement, ERP (enterprise resource planning), and legacy systems, company officials said.