December 2, 1996 1:20 PM ET

Hitachi, Bank of America develop banking application
By Margaret Kane

  Hitachi Ltd. is working with a subsidiary of Bank of America to develop Internet-enabled banking software.

The first application developed by Tokyo-based Hitachi and Concorde Solutions Inc., of Concord, Calif., is the Concorde CreditCard OnLine system, which lets banks connect with credit card customers over the Internet.

The software uses Hitachi's TPBroker Object Translation Manager, which combines a traditional online transaction processing system with an object request broker and an object management group-compliant object transaction service.

Both companies will market the application internationally. Bank of America is already signed up to use the software. The companies plan to work together to develop other banking applications, officials said.

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