Mid-Atlantic Expands Relationship with InteliData
RESTON, Va., Feb. 21 /PRNewswire-FirstCall/ -- InteliData Technologies (Nasdaq: INTD) a leading provider of Internet-based financial services and electronic bill payment and presentment (EBPP) solutions announced today that Mid-Atlantic Corporate Credit Union has purchased the latest InteliData Interpose Web Banking (IWB) Bill Payment product to enhance its current InteliData offering.
(Photo: newscom.com )
This upgrade allows Mid-Atlantic to provide a Better Bill Payment(TM) product and expanded administrative capabilities to its' credit union base of 175 institutions. The new Bill Payment product includes a message and alert feature that will greatly improve the user experience. This feature will enable users to set alerts and receive messages associated with items such as payment reminders and insufficient funds notices.
"We have been offering the InteliData IWB Bill Payment solution to our members for close to two years with tremendous success," said Jeff Stoner, Vice President, Payment Services of Mid-Atlantic. "We are confident that with these enhancements we will add additional credit unions and increase our customer satisfaction. Additionally, the upgrade will position Mid-Atlantic to easily incorporate new InteliData products such as Wireless Access and InteliData's new EBPP product, InteliWorks CSP."
"Mid-Atlantic recognizes that InteliData's bill payment products are a better bill payment system, providing banks the ability to warehouse and control credit union member data while not surrendering vital information to a third party," said Al Dominick, President and CEO 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 Mid-Atlantic
Mid-Atlantic Corporate Federal Credit Union is a federally chartered corporate credit union, which provides investment, lending and payment services, including bill payment, ACH and share draft processing, to more than 1100 credit unions. Visit the website at midatlanticcorp.org .
"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, our ability to continue funding operating losses, our ability to manage our expenses in line with anticipated business levels, the ability of 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, the effect of general economic conditions on the financial services industry, 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.
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SOURCE InteliData Technologies Corp.
CO: InteliData Technologies Corp.; Mid-Atlantic Corporate Credit Union
ST: Virginia
IN: TLS FIN STW MLM
SU:
02/21/2002 07:00 EST prnewswire.com |
