NEWTON, Mass. - More financial companies use Politzer & Haney's Internet business banking software than any other vendor's, according to a report from by Celent Communications.
Forty-six financial companies - including Allfirst Financial, Banco Popular, Merrill Lynch & Co., Wells Fargo & Co., State Street Bank, Bank One Corp., and Chase Manhattan Corp. - have installed Politzer & Haney's Web Cash Manager software, according to Celent's "Ranking the Vendors of Corporate Internet Banking Solutions" report.
Twenty of the Web Cash Manager customers use an outsourced version. Magnet Communications was the second-most-popular vendor, with 16 customers, followed by Fundtech with 15, and Brokat with 14.
"Politzer & Haney has developed a broad vision for the future of corporate banking that extends far beyond basic cash management services," the report said.
Celent interviewed vendors of packaged corporate Internet banking software and their customers to prepare the report.