Emigrant Savings Bank Selects InteliData to Provide Electronic Banking System
RESTON, Va., July 9 /PRNewswire/ -- InteliData (Nasdaq: INTD) and Emigrant Savings Bank announced today that Emigrant has selected InteliData to provide a complete end-to-end electronic banking system for Emigrant's retail customers. Emigrant, an $8.5 billion bank, has served the New York area for over 150 years. It remains one of the largest independent financial institutions in the New York metropolitan area.
(Photo: newscom.com )
"One of the primary reasons we chose InteliData was their ability to provide real-time connectivity for online banking," said Ted Morehouse, Senior Vice President & Chief Marketing Officer of Emigrant Savings Bank. "Another was their ability to interface with existing infrastructure at the bank. This factor was key to a successful implementation."
Commenting on the contract, Al Dominick, InteliData CEO said, "This agreement is another in a series of InteliData contracts with major banks who have recognized the value of electronic banking and who have made the decision to make such transactions an integral part of their in-house systems. Emigrant joins major financial institutions such as First Union, BB&T, First Hawaiian/BankWest and National City, who have made the decision to accelerate the development of their in-house capabilities to provide faster and better service for their customers."
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 the company's Web site at 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 Company's recent acquisition of Home Account, 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, 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 availability of cash for long-term growth, product obsolescence, 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 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.; Emigrant Savings Bank
ST: Virginia, New York
IN: TLS FIN MLM CPR
SU:
07/09/2001 08:51 EDT prnewswire.com |
