Five Companies To Develop Large-Scale E-Commerce System

Several Internet, computing and financial services companies have launched the Global Commerce Alliance, a coalition of large companies to develop globally scalable, turnkey e-commerce solutions to securities and capital markets and other industries worldwide. Members include GE Capital, Global Commerce Systems Inc., Sun Microsystems Inc. and Total System Services Inc.

Over the next three years, the alliance plans to package and jointly market a co-branded suite of turnkey products aimed at facilitating Internet commerce among major companies, their trading allies and customers.