V-Banking upgrade

V-Banking version 4 is a technical upgrade of version 3, designed to deliver enhanced portability, scalability, legacy integration and deployment options, the firm said. It uses the Java 2 platform, Enterprise Edition standard (J2EE), which brings the platform the flexibility of a unified, component-based application model. "Anyone in this space not looking at Java 2/J2EE is swimming against the tide," said chief executive Jim Nuzum in Sydney.

Commonwealth Bank of Australia will be the first ban