Surecomp has announced that the Valley National Bank of Wayne, New Jersey, ranked among the top 75 banks in the US has, following its merger with Merchants Bank of New York, signed an agreement to expand the use of IBSnet to 35 users.

Commenting on the agreement James Black, Surecomp vice-president and IBSnet product director said, “We are naturally delighted with the bank’s decision to strengthen their commitment to Surecomp and Surecomp products.”

IBSnet, which is available on the Windows NT platform, features modular and object oriented architecture coupled with friendly graphical user interface. IBSnet is a totally configurable application that incorporates import, export and standby LCs, collections, payments, guarantees, steamship indemnities, air releases and all means of financing.