Magazine article American Banker

Meca and Sun Unveil Their First Internet-Based Banking Software

Magazine article American Banker

Meca and Sun Unveil Their First Internet-Based Banking Software

Article excerpt

Putting its history as a personal financial management software publisher behind it, Meca Software LLC has unveiled its "e.branch."

The Internet banking system, which the bank-owned software company wants to test with some top-20 U.S. institutions in the first quarter, is the product of a development partnership with Sun Microsystems Inc. and its JavaSoft unit.

"Banks are getting into the cycle," said Paul Harrison, president and chief executive officer of Meca, which is based in Trumbull, Conn. "Financial institutions have recognized that they need to provide a more cost-effective environment, grow their revenues, and build customer relationships."

He said e.branch is designed to give a customer a single, consolidated view of his bank, a personal computer version of a branch office, and a logical extension of a banking Web site.

"It aims to build the relationship between the institution and customer by automatically matching a customer's interests with the products and services the institution offers," said Jon Lowell, chief technology officer of Meca.

A form of push technology from Marimba Inc. will offer automatic updating. E.branch can run on a PC, Sun workstation, Web kiosk, screen telephone, automated teller machine, or television set-top box-a characteristic of the Java programming language that lets services be offered across all delivery channels.

Mr. Harrison said interest in e.branch has been high, principally because most banks' Web sites are in the early stages of evolution. "We want to help banks format their Internet content and reduce their costs," Mr. …

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