Headlines:
Sky of Ohio to Use S1 Software
S1 Corp. of Atlanta said Sky Financial Group Inc. of Bowling Green, Ohio, will be the first regional banking company to use its corporate online banking software.
The other users are larger.
The software, S1 Corporate Banking, will be running by May, said Patty Hines, a director of product management at S1, on Monday. It will enable Sky to "successfully compete with the larger banks" for corporate customers, she said.
Sky will also use S1's online small-business software, S1 Business Banking. The vendor will host both at its Norcross, Ga., data site.
Todd Ritzler, a Sky vice president and commercial product manager, said small-business and corporate are the parts of its online banking service that need upgrading most urgently.
"We had a puzzle," he said. "This is one of the pieces we needed to put in place." He would not say whose products S1's will replace.
Sky has no immediate plan to buy other S1 products, he said. S1 offers several banking applications designed to communicate with each other so customer information is available through multiple bank channels. 
Wamu Told to Pay Fiserv $8M
Washington Mutual Inc.'s brokerage unit must pay $8.2 million to its former clearing firm, Fiserv Inc., for terminating its contract early, a National Association of Securities Dealers arbitration panel has ruled.
WM Financial Services, which switched its accounts to Fidelity National Financial Inc., filed for arbitration in 2003, seeking $600,000 to recoup costs it claimed had arisen from the early termination. Fiserv, a technology outsourcer in Brookfield, Wis., countered that it was due millions in service fees.
In a decision announced last week, the NASD panel denied WM Financial's claims and awarded Fiserv $8.2 million plus interest.
Washington Mutual officials did not immediately return calls seeking comment. Fiserv declined to provide any details about the arbitration, but spokesman Chuck Doherty said, "We're happy to have won."
