MECA and Sun Microsystems Showcase Next-Generation Electronic Financial Transaction Software.NEW ORLEANS--(BUSINESS WIRE)--Dec. 2, 1997-- Java-Based Products Enable Access To Financial Information -- AnyTime, Anywhere MECA MECA Maine College of Art MECA Middle East Children's Alliance MECA Manufacturers of Emission Controls Association (Washington, DC) MECA Marriage Equality California MECA Mars Environmental Compatibility Assessment Software, L.L.C., the leading provider of custom software and service solutions for the electronic delivery of financial products and services, and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc. today demonstrated a proof-of-concept application for MECA's next-generation, Java(TM)-based electronic financial transaction software. Running the same home banking application on several platforms -- including a PC, a Sun workstation, a Web kiosk and a set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. -- the companies illustrated how a financial institution can work with MECA and Sun to build secure, network-based financial products that can be deployed across all of the institution's delivery channels. "Personal financial management software is moving to the network," said Paul D. Harrison, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , MECA. "Today's demonstrations provide a compelling glimpse into the custom-tailored financial products of the future." The proof-of-concept application -- shown today in Sun's booth at the Retail Delivery Show in New Orleans -- demonstrated how a customer's PFM "interface" can be customized to deliver the financial information, services and features of most interest to that consumer. For example, if a customer indicates a preference for checking and savings information, an institution can deliver over the Web a PFM tailored to that customer, whether they conduct business through an ATM, a PC or another electronic channel. "These kinds of products give financial institutions an extraordinary opportunity to build customer loyalty," said Rob Hall, vice president, worldwide financial services sales and marketing, Sun Microsystems Computer Company. "And by working with Sun and MECA, they get the tools and resources they need deliver competitive products branded by the institution, rather than branded by their technology provider." The MECA and Sun alliance, announced earlier this year, combines the security, rapid application development environment and "Write Once, Run Anywhere(TM)" feature set of the Sun Connect architecture, with MECA's expertise in PC- and Internet-based financial management solutions. Products based on the alliance will take advantage of the industry's leading specifications for on-line transactions, including Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ) and Integrion's GOLD, through Sun Connect. MECA Software, L.L.C., jointly owned by Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , NationsBank, First Bank System, Fleet Financial Group, Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. , Citibank and The New England, is the leader and "partner of choice" when it comes to the design, development and execution of customized software and service solutions for the electronic delivery of financial products and services. MECA offers branded software solutions which enable financial services providers to offer their customers electronic access to a broad array of financial product and service offerings, including conceptualizing and product analysis, custom development, manufacturing and fulfillment, technical support, training and marketing. Since its inception in 1982, a singular vision, "The Network Is The Computer(TM)," has propelled Sun Microsystems, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ), to its position as a leading provider of hardware, software and services for establishing enterprise-wide intranets and expanding the power of the Internet. With more than $8.5 billion in annual revenues, Sun can be found in more than 150 countries and on the WorldWide Web at http://www.sun.com . -0- Sun, the Sun logo, Sun Microsystems, Java, Write Once, Run Anywhere, Sun Connect and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. Press announcements and other information about Sun Microsystems are available on the Internet via the World Wide Web using a tool such as Netscape Navigator or Sun's HotJava. Type http://www.sun.com at the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. prompt. CONTACT: Sun Microsystems Computer Company David Bailey, 650/786-4007 david.bailey@corp.sun.com or Krantz Krantz is the name of two persons:
Melissa M. Krantz, 212/891-7235 mkrantz@krantzgroup.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion