Farm Bureau Bank Selects InteliData Card Solutions(TM)
On-Line Account Management Modules Will Enhance Cardholder Experience
RESTON, VA, May 23 /PRNewswire-FirstCall/ -- InteliData Technologies Corp. (Nasdaq:INTD), a pioneer in electronic banking, bill payment technology and card solutions for financial institutions, today announced that Farm Bureau Bank FSB has selected several InteliData Card Solutions(TM) modules in order to offer enhanced online account management capabilities to their cardholders. Farm Bureau Bank provides a wide range of consumer banking services, including deposits, installments loans, credit cards and mortgage loans, to the members of Farm Bureaus in 42 states.
(Photo: newscom.com )
InteliData President and CEO, Al Dominick commented, "We have recently repositioned our product offering from a single, comprehensive solution to a suite of product modules which are easy to implement, and offer immediate benefits to card issuers like Farm Bureau Bank."
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, including:
* Access to current and past statement activity (including balances),
* Easy transaction sorting,
* On-line bill payment,
* Establishment of cardholder defined account e-alerts,
* Balance transfers, and
* Requests for a credit line increase or cash advance.
"InteliData provides a superior product with the ability to quickly and efficiently implement completely branded, secure and cost effective solutions for Farm Bureau Banks," said Mark Cromer, Senior VP and COO, of Farm Bureau Bank. "With InteliData's Card Solutions we can substantially enhance our cardholder's experience in a completely secure environment, while reducing customer service costs and increasing revenue."
This deal is structured on a transaction-based, recurring revenue stream, further enhancing the expanding Card Solutions(TM) division of InteliData Technologies Corp.
About Farm Bureau Bank:
Farm Bureau Bank is a wholly owned subsidiary of FB BanCorp, a Nevada corporation with its operations center in San Antonio, Texas. FB BanCorp is owned and directed by a group of investors made up of Farm Bureau organizations from 21 states and 19 of their affiliated insurance companies. The bank provides banking services in 42 states. farmbureaubank.com
About InteliData
With over a decade of experience in the industry, InteliData provides Internet banking and Electronic Bill Payment and Presentment (EBPP) technology and services to top banks, credit unions, financial institution processors, and card issuers. InteliData's Internet banking products provide large financial institutions throughout the U.S. with proven scalability, flexibility and security in supplying real-time, Internet-based banking services to their customers. For more information about InteliData, visit the company's Web site at intelidata.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, 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 effects 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.; Farm Bureau Bank FSB; FB BanCorp
ST: Virginia, Nevada, Texas
SU:
prnewswire.com
05/23/2002 14:11 EDT |
