A TOP 100 BANK SIGNS WITH INTD!!!!!!!
Associated Bank Selects InteliData Interpose(TM) SystemFor Internet Banking and Bill Payment
RESTON, Va., Sept. 29 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD), a leader in Internet banking and bill payment technology, today announced that Associated Banc-Corp (Nasdaq: ASBC) has selected InteliData's Interpose(TM) Internet banking and bill payment system. InteliData will host and operate the entire end-to-end system as Associated's application service provider (ASP), including InteliData's latest user interface software, Interpose(TM) Web Banking, its industrial strength mainframe application, the Interpose(TM) Transaction Engine, and the robust electronic bill payment processing solution, the Interpose(TM) Payment Warehouse.
(Photo: NewsCom: newscom.com )
Associated Banc-Corp is a diversified multibank holding company with $13 billion in total assets. Headquartered in Green Bay, Wisconsin, Associated has more than 200 banking locations across Wisconsin, Illinois and Minnesota.
Associated customers will be able to privately and conveniently access account information, transfer funds and pay bills electronically using standard HTML browsers via an Internet financial portal Web site at www.associatedbank.com. Customers will also be able to access bank account information and pay bills via popular personal financial management software such as Microsoft Money(R) and Intuit's Quicken(R) and QuickBooks(R).
As part of the service, Associated will leverage the benefits of the Interpose Payment Warehouse to capture consumer electronic bill payment information. Through this software application, the bank will receive "on-us" payments directly and have the remainder of payments routed to the least-cost third-party bill payment processors.
Associated President and CEO Robert Gallagher said, "We embarked on a thorough review of all the major Internet banking vendors and determined InteliData best enables us to come to market quickly with the type of Internet banking and bill payment offering our customers expect. InteliData will assist us in providing not just a competitive offering but also one that is integral, engaging, consistent and responsive to uphold and exceed our customers' expectations. InteliData's ASP solution delivers the kind of industrial strength scalability and reliability a bank of our size needs to effectively deliver financial services online."
"Just weeks after officially launching our new ASP strategic business unit, we are pleased to be providing Associated with a flexible solution that will feature our leading edge 'front-end' software," said InteliData President and CEO Al Dominick. "Interpose Web Banking will allow Associated to provide advanced customer care features such as special alerts and reminders, along with advanced payment management features such as projected payment summaries and payment warnings to avoid duplicate payments."
About Associated (www.associatedbank.com)
Associated Banc-Corp is a diversified multibank holding company with $13 billion in total assets. Headquartered in Green Bay, Wisconsin, Associated has more than 200 banking locations across Wisconsin, Illinois and Minnesota. Associated Banc-Corp was founded in 1970 as a combination of three banks. The founding banks trace their roots to the 1861, 1874 and 1884. Associated employs about 4,000 people, including about 3,300 in Wisconsin.
About InteliData (www.intelidata.com)
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 application service provider (ASP) environment. Interpose Connect is an industrial strength, scalable, 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 ability of the Company to complete implementations in required time frames and the Company's ability to increase its recurring revenues and profits through its ASP business model, 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, 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 ability of the Company to leverage its Spectrum relationship into new business opportunities in the EBPP market, 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 long-term 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.; Associated Banc-Corp
ST: Virginia, Wisconsin
IN: FIN MLM TLS
SU:
09/29/2000 11:23 EDT prnewswire.com |
