Transaction Software Technologies Inc. said it will use two products from Brokat Infosystems of Germany in an upgrade of its cash management software.

TST, a system provider to 17 of the 30 largest U.S. financial institutions, chose Brokat Twister for system development, along with the X-Presso e-Services platform.

Brokat said more than 1,500 financial institutions worldwide rely on these products for banking, brokerage, insurance, and on-line operations.

Ed Gainer, chairman of TST, said it was important to be able to deliver "anytime, anywhere (services) through electronic channels like the Internet without the maintenance burden of client application software."

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