InteliData Technologies to Exhibit InteliWorks(TM) At The Retail Banking Industry's Largest Conference
RESTON, Va., Dec. 4 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD), a pioneer in electronic banking and bill payment technology, will demonstrate to banking leaders from around the world, it's recently launched InteliWorks(TM) Consumer Service Provider (CSP) product at the Bank Administrative Institute's (BAI) Retail Delivery 2001 Conference & Expo in Anaheim, California, from December 11-14.
(Photo: NewsCom: newscom.com )
InteliWorks(TM) enables banks to:
* Manage their retail banking customers' payments and access/control that
data
* Link to Electronic Bill Payment and Presentment (EBPP) systems such as
Spectrum EBP and MasterCard RPPS
* Route to the least-cost payment processor to reduce costs
"We recently announced our first InteliWorks(TM) Payment Solutions customers," said Al Dominick, InteliData's President and CEO. "The product demonstrations and customer events we have lined up for this conference focus on current and prospective customers who also understand the competitive and economic need to offer an end-to-end EBPP suite to their retail banking customers."
"This is an exciting time to be involved in the eFinance space, and in EBPP in particular. The Federal Reserve recently announced the results of their first authoritative study of the payments system in 20 years. The findings of the Depository Financial Institution Check Study, available at frbservices.org , include:
* Check writing in the United States is steadily giving way to electronic
forms of payment as consumers, businesses, and financial institutions
seek to be more efficient and cost-effective
* 49.6 billion checks are written annually in the U.S. representing $47.7
trillion in check payments
* Consumers write the majority of checks, and Bill Payment is the largest
single category of consumer payment
* By value, "on-us" or intra-bank deposits represent a greater share of
checks presented than any other category, or 37% of that $47.7 trillion
in payments."
Dominick concluded, "I believe that banks will retain control over their customers' bills and payments. I believe that organizations like Spectrum EBP will make electronic banking a profitable reality and InteliData will be right there making it happen."
BAI's Retail Delivery 2001 Conference has become the best source of information on retail financial services strategy and technology. InteliData's exhibit will be located in Booth No. 614 in the Anaheim Convention Center.
About InteliData
InteliData provides Internet banking and Electronic Bill Payment and Presentment (EBPP) technology and services to banks, credit unions, and financial institution processors. InteliData's EBPP products offer banks and other financial institutions an end-to-end solution for creating e-bills for billers, distributing e-bills and e-payments through multiple delivery channels, delivering e-bills to consumers, and enabling payment of bills through multiple payment processors utilizing OFX and IFX messaging standards. InteliData's Internet banking products provide large financial institutions throughout the U.S. with proven scalability, flexibility and security in supplying real-time, Internet based banking services to their customers.
For more information about InteliData, visit intelidata.com .
"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, risks associated with the acquisition and assimilation of Home Account, the ability to continue funding operating losses, the ability of the Company to complete product implementations in required time frames and the Company's ability to increase its recurring revenues and profits through its ASP business model, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace of consumer acceptance of home banking and reliance on the Company's bank clients to increase usage of Internet banking by their customers, 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 ability of the Company to leverage its Spectrum relationship into new business opportunities in the EBPP market, 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 long-term growth, product obsolescence, ability to reduce product costs, fluctuations in operating results, 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 2001 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData. InteliData is not under any obligation (and expressly disclaims an obligation to) update or alter its forward-looking statements, whether as a result of new information or otherwise.
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SOURCE InteliData Technologies Corp.
CO: InteliData Technologies Corp.; Bank Administrative Institute; BAI
ST: Virginia, California
IN: TLS FIN MLM ECM
SU: PDT TDS
12/04/2001 09:50 EST prnewswire.com |
