Bank of the West Launches New InteliData Internet Banking System
RESTON, Va., and SAN FRANCISCO, Feb. 15 /PRNewswire-FirstCall/ -- Bank of the West and InteliData Technologies Corporation (Nasdaq: INTD) announced the successful launch of InteliData's Interpose Web Banking system at the California-based bank.
(Photo: NewsCom: newscom.com )
Also, Bank of the West and its sister institution, First Hawaiian Bank, have agreed to implement InteliData's next-generation electronic bill payment and presentment (EBPP) system, InteliWorks CSP. Customers of the banks, which are subsidiaries of BancWest Corporation, will be able to use the system to receive many of their bills at the bank website and pay more of them on a real time basis, eliminating the need for scheduling payments several days in advance.
Bank of the West replaced its Internet banking and bill payment front end with InteliData's Interpose Web Banking solution as the first step toward offering full EBPP. "This launch is confirmation of our commitment to electronic banking," said Walter A. Dods, Jr., Chairman and Chief Executive Officer of BancWest Corporation. InteliData's InteliWorks CSP provides each bank with a Least Cost Routing(TM) EBPP solution that leverages low-cost interbank networks, enabling banks to connect to the Spectrum network, MasterCard RPPS, and other payment networks.
"This initiative at the Bank of the West validates InteliData's Least Cost Routing methodology that allows banks to significantly reduce costly transaction fees while bringing control of payments in-house," said Bill Gorog, Chairman of InteliData.
ABOUT INTELIDATA
With a client list that includes 21 of the top 60 banks, InteliData offers EBPP products to banks, credit unions and financial institution processors. InteliData's products provide a complete end-to-end solution for distributing e-bills and e-payments through multiple delivery channels, delivering e-bills to consumers, and enabling payment of bills through multiple payment processors. InteliData's Internet banking and card products provide large financial institutions with unsurpassed scalability, flexibility and security in supplying real-time, Internet based banking and card services to their customers. Headquartered in Reston, Virginia, USA, InteliData is publicly traded (Nasdaq: INTD) and its business partners include Spectrum EBP, ALLTEL, FDR and other industry leaders. For more information, visit the company's web site at intelidata.com .
ABOUT BANK OF THE WEST AND FIRST HAWAIIAN BANK
Bank of the West and First Hawaiian Bank are both subsidiaries of BancWest Corporation, a bank holding company with total assets of $21.6 billion headquartered in Honolulu, Hawaii, with an administrative headquarters in San Francisco, California. First Hawaiian Bank has 56 branches throughout Hawaii, two in Guam and two in Saipan. Bank of the West operates 193 branches in Northern California, Oregon, New Mexico, Nevada, Washington state and Idaho.
"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, risks associated with the acquisition and assimilation of Home Account, the ability to continue funding operating losses, the ability of Intelidata (the Company) to complete product 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, 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 2002 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData. InteliData is not under any obligation (and expressly disclaims an obligation to) update or alter its forward-looking statements, whether as a result of new information or otherwise.
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
SOURCE InteliData Technologies Corp.
CO: InteliData Technologies Corp.; Bank of the West; First Hawaiian Bank; BancWest Corporation
ST: Virginia, Hawaii, California
IN: TLS CPR STW FIN
SU: PDT
02/15/2002 07:00 EST prnewswire.com |
