DALLAS--(BUSINESS WIRE)--June 11, 1999--Viking Systems, Inc.
(VSI), a wholly owned subsidiary of Viking Capital Group, Inc.
(VGCP-OTC) has completed testing on its Internet-based remote banking
system. The Company expects to begin marketing activities on the new
system - called IP Banker, which operates as a banking service bureau
- next month.
With IP Banker, Viking aims to take advantage of the growing
interest among consumers and financial institutions in online banking.
Viking clients can offer their customers account access and
maintenance through the Service Bureau in addition to purchasing
financial services via the Internet.
The primary benefit of IP Banker is that banks may contract with
Viking for the development, systems integration and operation of their
Web banking presence, without the need to develop systems in-house.
Viking will handle all systems development, integration,
operations, maintenance, security, hardware/software upgrades, and
compliance upgrades for member banks. IP Banker will be based in the
company's operations center in New York City. All telecommunications
connections and two, identical backup locations are managed
exclusively by iXnet for the Viking Capital Financial Network.
Viking has set plans to secure 150 banks as clients in the next
12 months, and the Company expects to add another 150 banks as clients
six months beyond that. Member banks pay an up-front systems
integration fee, plus a monthly per-depositor fee to cover ongoing
maintenance. Viking plans other service offerings for member banks
including modules to enable online remote bill paying, trading,
employee benefits administration and the sale and administration of
insurance products.
Systems developed with IP Banker are Y2K compliant and is
designed to meet or exceed OCC security requirements. IP Banker also
fully supports ACH correspondent banking requirements. |
