The cash management software developer Fundtech Ltd. said Tuesday that it will make its technology available through wireless phones using Qualcomm Inc.'s Firethorn mobile-banking software.
Fundtech, a Jersey City vendor, said it plans to integrate the Firethorn technology into its Cashplus system, which is used by 190 banks in the United States to provide cash management services to corporate clients.
Linking the two applications will let Cashplus users view account details, transfer funds, and initiate bill payments from their mobile phones, Fundtech said.
Firethorn, which makes a software application that is downloaded to phones, said it can supply multiple levels of security, including two-factor authentication, data encryption, and personal identification number authorization and lockout, which disables access if the phone is lost or stolen.
The Firethorn application, one of the first mobile banking systems, has been commercially available since mid-2007.
Tripp Rackley, Firethorn's chairman and chief executive, said cash management is another step in the company's mobile development plan, which also includes location-based services and eventually contactless payments.
"We're not trying just to replicate Internet banking on the phone," he said.
Though many banks have announced plans to offer mobile services to retail customers, few offer them to corporate clients.
Wells Fargo & Co., one of the few banking companies to offer mobile cash management, said in June that its corporate clients could execute wire transfers and review check images from their mobile devices.
Other vendors have taken different approaches. Wausau Financial Systems Inc. in Mosinee, Wis., said in May that it would offer a "mobile lockbox service" in conjunction with ClairMail Inc. of Novato, Calif., letting people pay bills by using their handsets' text messaging function.
