Electronic payments network Nyce is to use technology from PayCast to offer interbank real-time money transfer services via the telphone and Internet.
PayCast currently is in the process of connecting to Nyce's Enhanced Message Structure (EMS) and will be ready to process consumer-initiated money transfer transactions between participating institutions, beginning in January 2003.
PayCast says its technology platform can be seamlessly branded and integrated with NYCE-participants' current technology and will require no additional infrastructure or third-party accounts.