BargainAndHaggle.com (http://www.bargainandhaggle.com), a negotiated commerce site, announced an agreement with Citibank's c2it service to feature and actively promote its online payment system. c2it is a person-to-person online funds transfer system by which U.S. members can send and receive money online within the U.S. (The service is free for U.S. transactions funded with a bank account or credit card.) c2it also features an international money transfer service that allows payments to be sent to more than 80 countries around the world. BargainAndHaggle.com will promote c2it through banner ads, text links and other channels.

"A key advantage of BargainAndHaggle.com is the ability to complete a deal in moments instead of days. c2it gives our users an important new currency for conducting efficient and secure negotiated transactions," said Catherine Ettinger, CEO of mindpepper, the Internet product development company that operates BargainAndHaggle.com. After less than a year of operation, BargainAndHaggle.com now has over 600,000 registered users. c2it competes with online payment service PayPal, which has filed with the U.S. Securities and Exchange (SEC) to go public. (See December 18th Newsflash for related PayPal news.)