Citigroup and America Online Align

Citigroup and America Online have aligned to offer users of AOL, CompuServe and other AOL brands a wide range of financial products and services and new payment capabilities designed to transform how consumers make payments over the Internet.

Under the agreement Citigroup and America Online will build new payment and money transfer features across AOL, AOL.com, CompuServe, Netscape, Netcenter, AOLTV and Digital City as well as AOL Instant Messenger and ICQ. The agreement will provide consumers the ability to easily and securely purchase goods and services, send money to friends and family, complete auction transactions and, over time, transfer money between accounts.

Citigroup will also become a preferred provider of a full range of financial products and services, including Citibank banking, mortgages, loans and credit cards, Salomon Smith Barney brokerage and investment services and Travelers insurance products, across the AOL brands. Consumers will be able to sign up for a wide range of products offered by Citibank, Salomon Smith Barney and Travelers Insurance, including banking, brokerage, investments, mortgages, credit cards, home equity loans, student loans and a full range of insurance offerings.