Spectrum LLC is working toward deploying its second-generation billing system, even before its first-generation system is rolled out, the bank utility told BTN at press time.

The new system-hoped to be in place by September-will be based on the Interactive Financial Exchange (IFX) technical model in lieu of the Open Financial Exchange (OFX) model, with which Spectrum started. As part of selecting IFX, Spectrum's owner banks awarded a prestigious software joint development contract to Alltel Information Services and Intelidata Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.