RealTime IT News

Web Cash Manager 3.0 Arrives With More Features

Politzer & Haney version 3.0 of its Web Cash Managers, a Web-based electronic banking product for financial institutions.

Among its many new features are stop payment processing, customer messaging, enhanced payment initiation, expanded information reporting, and tighter system security.

The product is designed so banks can use Web Cash Manager to provide electronic banking services to their corporate customers over the Internet. The system gives browser-based access to banking products such as Information Reporting, ACH Origination, Wire Transfer, and Disbursements, while also providing an infrastructure within which a bank can launch third-party cash management products.

"This release is the third generation of our Web product within 14 months," said Ralph Dangelmaier, vice president of sales at Politzer & Haney. "We've listened to the marketplace and included additional functionality to convert customers with workstation-based products to our Web-based product. Web Cash Manger 3.0 enables customers to make a smooth transition into today's Internet technology."

The vendor said that 10 banks are currently using Web Cash Manager, and 10 more will be doing so by the end of the first quarter, 1999.