HCOM news (POW pick): (COMTEX) B: HomeCom Signs Contract with Georgia Power Federal Credit
B: HomeCom Signs Contract with Georgia Power Federal Credit Union
ATLANTA, Sep 21, 1999 (BUSINESS WIRE) -- Agreement provides Internet
banking solution for members
HomeCom Communications, Inc. (NASDAQ SmallCap: HCOM), a provider of
Internet software solutions for the financial services industry,
announced an agreement with Atlanta-based Georgia Power Federal Credit
Union to deliver Internet banking services to its members.
Georgia Power Federal Credit Union plans to offer its members
multifunctional Internet banking capabilities in a completely secure
environment with HomeCom's Personal Internet Banker(tm)(PIB). In
addition, the credit union will use HomeCom's one-to-one marketing
solution, Harvey(tm), to capitalize on the Internet to generate more
revenue through targeted marketing products and services to members
most likely to purchase them. HomeCom will also redesign the
institution's Web site to accommodate electronic access.
"We are building our most convenient branch yet," said Sylvia Bass,
president of Georgia Power Federal Credit Union, "without having to use
brick and mortar. As a full service organization, we want our members
to be able to perform many different banking functions, and to be able
to perform them at their convenience. HomeCom's integrated products and
flat-fee pricing will allow us to move ahead quickly with our Internet
delivery. We feel that Internet banking will encourage membership
growth and help us build a stronger financial institution for our
members and the future."
Blake Allen, vice president HomeCom Financial Solutions, said, "Georgia
Power Federal Credit Union offers competitive rates and provides
exceptional service to its members. Its decision to implement our
Personal Internet Banking Suite will offer members a one-stop banking
solution with more than the typical banking capabilities. Working with
Georgia Power Federal Credit Union to build its 'cyberbranch' is very
exciting for HomeCom.
"HomeCom has generated tremendous momentum in the Internet banking
market," Allen continued. "In the last seven weeks alone we have signed
six new deals. The aggregate of contracts signed so far this year
totals approximately $3 million dollars in new business that will be
recognized over the next five years. In addition, we have several more
contracts in final stages of approval. The market is recognizing the
quality of our offering." |
