This is hopefully one of many cross-selling announcements that INTD will be releasing as a result of their acquisition of HAN last month.
GM
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The Credit Store Selects InteliData Card Solutions(TM) To Support Specialized Credit Card Products
RESTON, Va., Feb. 21 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD) announced today that The Credit Store has selected InteliData Card Solutions(TM) to support its family of consumer-specific credit card products. The Credit Store, which provides credit cards to consumers who may otherwise fail to qualify for a traditional unsecured bank credit card, is implementing Card Solutions'(TM) Internet Self Service product. With the Internet Self Service product, The Credit Store cardholders will be able to securely view account data, track current and previous account activity, and sort account activity over the Internet. This deal is structured on a transaction-based, recurring revenue stream, further enhancing the rapidly expanding Card Solutions(TM) division of InteliData.
(Photo: NewsCom: newscom.com )
Using InteliData's Card Solutions(TM), The Credit Store will be able to quickly and efficiently implement a completely branded, secure and cost effective solution, providing their cardholders with the technology to review, maintain and manage their accounts using the Internet. The modular structure of the Internet Self Service product also allows card issuers to choose the functionality they want and to easily add on services as needed. Additional services available with the Card Solutions(TM) Internet Self Service product include secure communication with a customer service representative, and the ability to make payments, activate cards and change account profiles online in a real-time environment.
"The credit card industry is constantly changing, and a company like ours needs to provide marketable products in the form of competitive rates, attractive product features and economical servicing capabilities," said Kevin T. Riordan, President and CEO of The Credit Store. "InteliData Card Solutions(TM) gives us this ability, and the product offers the quick time to market and flexibility we need to change as the market changes."
"By implementing InteliData's secure, cost effective Internet solutions, The Credit Store will be able to reduce expenses and increase cardholder satisfaction," said Charles A. White, Vice Chairman of InteliData. "Not only will The Credit Store abate its reliance on traditional customer service processes like call centers, but it will offer customers increased control over managing their credit card accounts."
About InteliData
InteliData provides Internet banking and Electronic Bill Payment and Presentment (EBPP) technology and services to banks, credit unions, and financial institution processors. InteliData's EBPP products offer banks and other financial institutions an end-to-end solution for creating e-bills for billers, distributing e-bills and e-payments through multiple delivery channels, delivering e-bills to consumers, and enabling payment of bills through multiple payment processors utilizing the OFX and IFX messaging standards. InteliData's Internet banking products provide large financial institutions throughout the U.S. with unsurpassed scalability, flexibility and security. InteliData's Card Solutions(TM) is an innovative program for credit card issuers that enables Internet account management. For more information about InteliData, visit the company's Web site at intelidata.com .
About The Credit Store
The Credit Store is a credit card company that offers creditworthy consumers a chance to return to the financial mainstream. It seeks motivated customers who understand and value the advantages of solid credit, but may have lost access to unsecured credit through short-term difficulties, such as illness or job loss. The company obtains customers by acquiring portfolios of non-performing consumer accounts from banks and finance companies. Using sophisticated technology, The Credit Store identifies customers who meet underwriting criteria, providing them with a unique opportunity to settle their accounts by transferring balances onto The Credit Store Visa and MasterCard products. For additional information, please visit creditstore.com .
"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 and card issuer 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.; The Credit Store
ST: Virginia
IN: CPR FIN MLM
SU:
02/21/2001 10:55 EST prnewswire.com |
