InteliData Launches New Modular Credit Card Product Suite Card Issuers Can Now Tailor Secure Online Account Management Functionality to Suit Their Cardholders' Needs
WASHINGTON, Jun 3, 2002 /PRNewswire-FirstCall via COMTEX/ -- InteliData
Technologies Corp. (Nasdaq: INTD) today announced the launch of its new online
credit card management product line. For the first time, Online Card
Solutions(TM) software products are being delivered as unique modules, allowing
credit card issuers to customize their selection to best focus on the specific
Internet self-service capabilities that their customers are demanding.
(Logo: http://<a href=/">http://www.newscom.com/cgi-bin/prnh/20000113/INTDLOGO )
InteliData Card Solutions allow card issuers to substantially enhance their
cardholders' experience while both reducing customer service costs and
increasing revenue. Cardholders can manage their accounts online avoiding
time-consuming phone calls to customer service representatives. The cardholder
is empowered to perform a wide variety of account activities 24x7, across
multiple channels. By substantially improving the service and delivering value,
Card Solutions continues to create card issuer benefits: increased brand loyalty
and an overall reduction in transaction costs. Delivering all of this
flexibility in distinct modules provides for the most cost-effective solution
for our customers, helping to maximize their return on investment.
The Card Solution Base Modules contain the following on-line features:
* Real-time enrollment
* View of account balances, payment status, previous statements, next
payment due dates and cycle-to-date transactions
* Download of data to a Personal Finance Manager (PFM)
* Credit Card bill payment
* Updating of e-mail, address and phone information
* Secure Customer Services Representative messaging
"As our market is maturing and our end-users are becoming more sophisticated,
delivering the right software at the right time in a cost-effective manner is
key," said InteliData President and CEO, Al Dominick. "We're already seeing
industry acceptance with our recent sale of several modules to Farm Bureau
Bank."
InteliData recently announced that Farm Bureau Bank FSB has selected several
Card Solutions 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.
About InteliData
With over a decade of experience in the industry, InteliData provides Internet
banking, credit card management and Electronic Bill Payment and Presentment
(EBPP) technology and services to top banks, credit unions, and financial
institution processors. 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. InteliData continues to lead the charge as the industry moves towards
electronic bill presentment and payment (EBPP) with the development of its
end-to-end, Biller-to-Consumer EBPP solution, InteliWorks(TM). 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 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.
CONTACT: Media - Julie Lewis, or Investors - Deirdre Skolfield, CFA,
both of InteliData Technologies Corp., +1-703-259-3000
/Photo: newscom.com
URL: intelidata.com
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