Tech Bytes: Philly Thrift Selects PC Banking Providers

Beneficial Savings Bank of Philadelphia has chosen Online Resources and Communications Corp. and Concord EFS Inc. to supply its on-line banking system.

Concord EFS bought Electronic Payment Services Inc. and its MAC electronic funds transfer network in February. MAC is to market the service to its 2,500 member institutions under the name Concord InternetConnect. The MAC network also plans to sell the entire range of Online Resources products.

John Kaufmann, vice president of retail delivery at Beneficial Savings, said that "having real-time access to" up to 12 accounts is an attractive feature of the system.

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