InteliData Announces Launch of Joint Corporate Credit Unions' Bill Payment Service
RESTON, Va., Oct. 5 /PRNewswire/ -- InteliData Technologies Corporation (Nasdaq: INTD) announced today that Central Corporate Credit Union, Empire Corporate Federal Credit Union, Southwest Corporate Federal Credit Union, and SunCorp Corporate Credit Union have launched their respective Electronic Bill Payment service utilizing InteliData's Interpose Payment Warehouse System.
(Photo: newscom.com )
The four corporate credit unions joined forces over a year ago to offer a premier suite of e-commerce products to their member credit unions. They provide services to approximately 3,000 consumer credit unions.
InteliData serves as an Application Service Provider (ASP) of electronic bill payment technologies to the four corporate credit unions providing warehousing, routing and processing of consumer payments. This flexible solution facilitates rapid implementation of the corporate credit unions' many member credit unions.
"InteliData recognizes the close relationships that credit unions maintain with their members. We can help enhance these relationships with our user-friendly bill payment solutions," said Al Dominick, President and CEO of InteliData. "Our pioneering advancements in the Electronic Bill Payment and Presentment marketplace allow us to provide the most advanced bill payment and presentment products to credit unions and other financial institutions."
About InteliData
With a client list that includes 21 of the top 50 banks, InteliData offers Spectrum certified EBPP products to banks, credit unions and financial institution processors. InteliData also provides the most advanced, complete end-to-end EBPP solutions that power financial institution's Internet banking, payment and presentment and online credit and bankcard transactions. Headquartered in Reston, Virginia, USA, InteliData is publicly traded (Nasdaq: INTD) and its business partners include Spectrum EBP, ALLTEL and other industry leaders. For more information, visit the company's web site at intelidata.com
Central Corporate Credit Union
cencorpcu.com
Empire Corporate Federal Credit Union
empirecorp.org
Southwest Corporate Federal Credit Union
swcorp.org
SunCorp Corporate Credit Union
suncorp.org
"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 acquisition and assimilation of Home Account Network, 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 Corporation
CO: InteliData Technologies Corporation; Central Corporate Credit Union; Empire Corporate Federal Credit Union; Southwest Corporate Federal Credit Union; SunCorp Corporate Credit Union
ST: Virginia
IN: TLS ECM FIN
SU: JVN PDT
10/05/2001 07:02 EDT prnewswire.com |
