Bank One has entered a three-year multi-million dollar agreement with Microsoft to develop a range of online services for small and midsize business customers.
Under the $30 million deal, Bank One will use the MSN Advantage Marketing Programme to advertise and promote its products through integration with MSN Money and other MSN properties, say the companies.
The bank will also deliver its commercial financial products through the Microsoft Great Plains distribution channels for small and midsize businesses. In addition, the Microsoft bCentral portal will provide online small-business services to Bank One customers in areas such as Web hosting and online scheduling. These solutions will be available via the bCentral and Bank One Web sites.
As part of the agreement, Bank One will incorporate a number of other Microsoft technologies, including Microsoft .NET Alerts Service to notify customers of financial information such as account activity information and bill payment reminders.
Bank One will also market MSN Internet Access to its customers.
"Microsoft is the world’s leader in creating technology to make life easier and better for consumers and businesses," says Jamie Dimon, chairman and CEO of Bank One. "This expertise is a key reason why Bank One chose to work with Microsoft to reach our customers and potential customers with financial solutions that best meet their needs and to develop future products utilising Microsoft technology."