National City Corporation and InteliData Launch Online Banking And Bill Payment System Using InteliData's Interpose(TM) System
RESTON, Va., April 24 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD), a leader in Internet banking and bill payment technology, and National City Corp. (NYSE: NCC) today announced the customer launch of National City's new online banking and bill payment system using InteliData's Interpose(TM) software suite. National City has installed InteliData's Interpose(TM) software in combination with using the Company's Interpose(TM) Outsourcing Services.
(Photo: newscom.com )
National City Corporation, the tenth largest bank in the U.S., is an $87 billion diversified financial services company with headquarters in Cleveland. InteliData is using its Interpose software suite to provide National City customers with secure access to real-time account information, the ability to transfer funds and pay bills electronically using standard HTML browsers at www.national-city.com. The Interpose software also automatically synchronizes customer account information to popular personal financial management software such as Intuit's Quicken(R) 2000.
In addition to the implementation of InteliData's mainframe-based in-house transaction processing and bill payment software, the Company is also managing Web hosting, network management and server security for National City in an outsourcing arrangement.
"The Interpose solution allowed us to leverage our existing mainframe platform," said National City's Senior Vice President of Electronic Banking Sarah H. Topper. "Plus, it supports our customers so that they can access us via the Internet, Quicken 2000, or both. We chose a technology partner with a time-tested track record of successfully delivering reliable and scalable online banking solutions on time and on budget."
InteliData President & CEO Al Dominick added, "We are pleased to provide National City with a proven, end-to-end solution capable of handling high- volume transactions for controlling online banking delivery and electronic bill payments. The combination of in-house Interpose software with our outsourcing business is another example of our commitment to deliver an industrial strength, fully customizable solution to banks the size of National City."
Quicken is a registered trademark of Intuit, Inc.
About National City (www.national-city.com)
National City Corporation is an $87 billion diversified financial services company with headquarters in Cleveland, Ohio. National City operates banks and other financial services subsidiaries principally in Ohio, Michigan, Pennsylvania, Indiana, Kentucky and Illinois.
About InteliData (www.intelidata.com)
InteliData, with headquarters in Reston, Va., provides financial institutions with the critical, real-time financial processing infrastructure they need to Internet-enable their enterprise. Eight of the top 100 U.S. banks are customers of InteliData's current generation of Internet banking products and services, and twenty of the top 100 U.S. financial institutions and financial service providers have chosen InteliData's products and services for their electronic financial delivery.
InteliData has two complementary lines of business, which provide for both an end-to-end Internet banking solution, Interpose(TM) Connect, as well as a comprehensive electronic bill presentment and bill payment (EBPP) solution, the Interpose(TM) Payment Network. These solutions can be implemented either in-house or in an outsourcing environment. Interpose Connect is an industrial strength, scalable and reliable transaction and payment processing solution that provides real-time and fully synchronized connectivity to banks' systems of record. The Interpose Payment Network provides an end-to-end, bank-centric bill presentment and payment solution that gives banks the ability to process "on-us" transactions internally, take advantage of interbank exchanges like Spectrum, and leverage third-party payment processors.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace of consumer acceptance of home banking, mergers and acquisitions, risk of integration of the Company's technology by large software companies, the ability of financial institution customers to implement applications in the anticipated time frames or with the anticipated features, functionality or benefits, reliance on key strategic alliances and newly emerging technologies, the on-going viability of the mainframe marketplace and demand for traditional mainframe products, the ability to attract and retain key employees, the availability of cash for growth, product obsolescence, ability to reduce product costs, fluctuations in operating results, ability to continue funding operating losses, delays in development of highly complex products and other risks detailed from time to time in InteliData filings with the Securities and Exchange Commission. These risks could cause the Company's actual results for 2000 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData.
SOURCE InteliData Technologies Corp.
CO: InteliData Technologies Corp.; National City Corp.
ST: Virginia, Ohio
IN: MLM FIN
SU: PDT
04/24/2000 07:30 EDT prnewswire.com |
