First Hawaiian Bank, Bank of the West and InteliData Launch Internet Banking and Bill Payment System Using InteliData's Interpose(TM) System
RESTON, Va., May 1 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD), a leader in Internet banking and bill payment technology, today announced that First Hawaiian Bank and Bank of the West, subsidiaries of BancWest Corp. (NYSE: BWE), initiated a customer launch of the banks' new Internet banking and bill payment system using InteliData's Interpose(TM) Outsourcing service bureau solution. First Hawaiian and Bank of the West mark the first customers in full production with InteliData's complete suite of service bureau outsourcing solutions.
(Photo: NewsCom: newscom.com )
BancWest Corporation, with assets of $17.5 billion, is headquartered in Honolulu, with an administrative headquarters in San Francisco. At both BancWest subsidiaries, First Hawaiian Bank and Bank of the West, InteliData is hosting the Interpose(TM) Transaction Engine and the Interpose(TM) Payment Warehouse to electronically process banking and bill payment transactions.
Customers will be able to access account information, transfer funds and pay bills electronically using standard HTML browsers via Internet Web sites at www.bankofthewest.com and at www.fhb.com.
As part of the service, the BancWest banks have the benefit of the Interpose Payment Warehouse to capture consumer bill payment information. Through this software application, the banks receive "on-us" payments directly and will soon have the remainder of payments routed to multiple third-party bill payment processors to maximize the number of electronic payments.
BancWest Chairman and CEO Walter A. Dods Jr. said, "Our choice to partner with InteliData has allowed our banks to make a quick leap forward, offering a leading-edge system to our customers in Hawaii and throughout the West Coast. In addition, we also have the ability to bring the system in-house at a later date, allowing us to stay with the same proven technology partner as this growing channel evolves."
"We are pleased that BancWest has selected Interpose as the industrial- strength foundation for their Internet delivery strategy at First Hawaiian Bank and Bank of the West," said InteliData President and CEO Al Dominick. "Our outsourced Interpose system provides BancWest the flexibility it requires to eventually bring the system in-house. This solution, allows BancWest to operate Internet banking and bill payment on a pay-as-you-go basis, with a per customer, per month fee schedule."
About BancWest (www.bancwestcorp.com)
BancWest Corporation is headquartered in Honolulu, with an administrative headquarters in San Francisco. BancWest has assets of $17.5 billion. First Hawaiian Bank has 59 branches in Hawaii, Guam, and Saipan. Bank of the West has 162 branches in California, Oregon, Washington, Idaho and Nevada.
InteliData, with headquarters in Reston, Va., provides financial institutions with the critical, real-time financial processing infrastructure they need to Internet-enable their enterprise. Eight of the top 100 U.S. banks are customers of InteliData's current generation of Internet banking products and services, and twenty of the top 100 U.S. financial institutions and financial service providers have chosen InteliData's products and services for their electronic financial delivery.
InteliData has two complementary lines of business, which provide for both an end-to-end Internet banking solution, Interpose(TM) Connect, as well as a comprehensive electronic bill presentment and bill payment (EBPP) solution, the Interpose(TM) Payment Network. These solutions can be implemented either in-house or in an outsourcing environment. Interpose Connect is an industrial strength, scalable and reliable transaction and payment processing solution that provides real-time and fully synchronized connectivity to banks' systems of record. The Interpose Payment Network provides an end-to-end, bank-centric bill presentment and payment solution that gives banks the ability to process "on-us" transactions internally, take advantage of interbank exchanges like Spectrum, and leverage third-party payment processors.
"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, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace of consumer acceptance of home banking, 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 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 growth, product obsolescence, ability to reduce product costs, 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 2000 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData.
SOURCE InteliData Technologies Corp.
CO: InteliData Technologies Corp.; First Hawaiian Bank; Bank of the West; BancWest Corp.
ST: Virginia, Hawaii
IN: FIN MLM
SU: PDT
05/01/2000 15:07 EDT prnewswire.com |
