Compass Bank Selects Intelidata
Interpose(TM) System for Internet Banking
and Bill Payment
PR Newswire - April 28, 1999 08:30
RESTON, Va., April 28 /PRNewswire/ -- InteliData Technologies Corp.
(Nasdaq: INTD), a leader in Internet banking and bill payment technology,
today announced that Compass Bank has selected InteliData's
Interpose(TM) software to implement an advanced generation in-house
Internet banking and bill payment solution.
Using Interpose, Compass customers will be able to access accurate, real-
time account information and pay bills electronically using standard HTML
browsers via the Compass Internet Web site at www.compassweb.com.
Customers will also be able to access real-time bank account information
and pay bills via popular personal financial management (PFM) software
such as Microsoft Money(R) and Intuit's Quicken(R).
Compass will use the Interpose(R) Bill Payment Warehouse to capture
consumer bill payment information, allowing the bank to process "on-us"
payments internally and to least-cost route other payments to third-party
bill payment processors.
"Compass was one of the first banks to offer online banking in 1995. The
InteliData solution that Compass is implementing will enable an expanded
product offering and improved operating efficiencies," said Charles Bretz,
Compass senior vice president, alternative delivery. "Our success in online
banking helps us to continue to invest in new technology."
"We are pleased that Compass has selected Interpose as the foundation for
their Internet delivery strategy," said InteliData President and CEO Al
Dominick. "Interpose will provide Compass with a proven, reliable and
scalable solution capable of handling high-volume transactions for
controlling Internet banking delivery and electronic bill payments. The
flexible solution will also make it easy for Compass to add new functionality
and delivery channels in the future."
About Compass (www.compassweb.com)
Compass Bank is a subsidiary of Compass Bancshares, Inc., a $17.3
billion Sunbelt-based financial services company which operates 292
full-service banking offices in Texas, Florida, Arizona and Alabama.
About InteliData (www.intelidata.com)
InteliData, with headquarters in Reston, Va., is a leading supplier of
Internet banking and bill payment technology to over 20 of the top 100
U.S. financial institutions and financial service providers. The Company's
products provide financial institutions with highly scalable and reliable
Internet transaction and payment processing solutions that give them total
control of customer information and payment processing. These services
allow consumers to securely and reliably check account balances in
"real-time", view account transaction history, transfer funds between
accounts, and do online bill payment to any of the consumers' billers. The
Company's products include the Interpose(TM) Transaction Engine,
Interpose(TM) OFX Gateway, and the Interpose(TM) Payment
Warehouse.
"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 impact of
competitive products, pricing pressure, product demand and market
acceptance risks, bank year 2000 compliance issues, reliance on resellers,
pace of consumer acceptance of home banking, bank 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 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 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 1999 and beyond
to differ materially from those expressed in any forward looking statements
made by, or on behalf of, InteliData.
SOURCE InteliData
/CONTACT: Rob Borella of InteliData, 703-259-3010 or
rborella@intelidata.com/ |
