an alliance which will extend the Bank's e-commerce solutions into worldwide markets.

The team hopes this will be achieved by providing corporate customers with access to a new range of markets and unique services offered by oeBusiness.com.

The Bank has also become an equity stake holder in oeBusiness.com, in a move the company says demonstrated its confidence in both the business's current products, and in their ability to lead in the course of e-business.

oeBusiness says it will equally benefit from Bank of Bermuda's investment, as their own merchant customers will now be able to accept credit cards online for real-time e-commerce.

Through strategic alliances with leading e-commerce service providers, oeBusiness.com creates and deploys e-business strategies combining solutions, service and security for increased cost efficiency, data fulfilment effectiveness, security and protection.

David Lema, vice president, electronic banking manager, Bank of Bermuda, said: "We have been working with oeBusiness for the past six months and were impressed by their solid business plan. We are delighted to be announcing today our investment in their company.'' CEO of oeBusiness.com Colin Wood said: "We are excited to be a major component of this strategic move by the bank. Bank of Bermuda is recognised worldwide as a global leader in e-commerce transactions and e-business.''