First Hawaiian Bank and Bank of the West have both ditched InteliData's ASP Internet banking platform and have migrated services to a licensed inhouse platform instead.
Intelidata says the banks have licensed its online banking software and moved services inhouse in an attempt to reduce costs.
The vendor says the move will result in a reduction in its recurring revenues, but claims this will be compensated for by license fees, annual maintenance revenues, and transaction fees for electronic payment matching and routing services from the banks.
First Hawaiian and Bank of the West collectively have in excess of 100,000 Web banking customers, a quarter of which use online bill payment services. The banks will now only use InteliData's recently-launched 'Least Cost Routing Service' for transmitting online bill payments.
Alfred Dominick, InteliData's chairman and CEO, says: "We have proven that banks can quickly and effortlessly launch their Internet banking services through our hosted ASP offering and as their business matures, move to an in-house solution."