Tekc news...
Net.B@nk(TM) to Offer Customers 'One-Click' Access to Their Entire Financial Portfolio With Single Log-In, Customers Can Conveniently View Bank Account, Credit Card, Investment and Mortgage Account Information, Regardless of Institution
ATLANTA, Mar 7, 2000 /PRNewswire via COMTEX/ -- Net.B@nk(TM), Member FDIC,
Equal Housing Lender (Nasdaq: NTBK; netbank.com) and the world's
leading Internet bank with more than $1.3 billion in assets, today announced its
customers will soon have free one-click access to their financial portfolios,
regardless of the owning institution. After a single log-in to their account at
netbank.com, Net.B@nk customers will be able to conveniently view all
of their personal and business account information from multiple banks, brokers,
credit card companies, mortgage companies, and more, all from their personalized
page on the Net.B@nk Web site.
To achieve this functionality, Net.B@nk is integrating with its online banking
platform Teknowledge Corporation's (Nasdaq: TEKC) TekPortal(TM) solution, a
multi-bank account aggregation system. Teknowledge Corporation, based in Palo
Alto, CA, is an intelligent Internet transaction company that provides products
and services that capture, process and distribute knowledge over the Internet.
"We believe a consolidated financial statement is an incredibly attractive and
innovative offering," said D.R. Grimes, chief executive officer of Net.B@nk,
"particularly when presented by an institution the consumer trusts -- their
bank. This new service will provide Net.B@nk customers an improved way to manage
their entire financial portfolio, making Net.B@nk the one-stop shop for all
their financial services and account access.
Grimes commented on why the bank chose the TekPortal solution. "We're working
with Teknowledge for several reasons. The company's solution is oriented toward
meeting the bank's goals and it allows us to serve as the account aggregator for
our customers rather than having them turn to a third party. TekPortal also
offers many benefits we didn't find elsewhere, and it comes highly recommended
by one of our key online banking partners, NCR Corporation (NYSE: NCR)."
Among TekPortal's many attractive features are Web-based funds transfer and
sweep capabilities, intuitive notification and alert services, stop payment
functionality, as well as advanced one-to-one marketing capabilities.
In addition to providing customers their top-level account summary data,
Net.B@nk will also offer statement and transaction detail from multiple
institutions. Net.B@nk plans to introduce this new service to its customers in
second quarter.
About Net.B@nk
Net.B@nk, Inc. (Nasdaq: NTBK), is a financial services company whose sole
subsidiary, Net.B@nk, Member FDIC, is the first profitable pure Internet bank in
the country, having achieved profitability in the past seven successive
quarters. With over $1.3 billion in assets and customers in all 50 United States
and 20 foreign countries, Net.B@nk is the largest FDIC-insured bank operating
solely on the Internet. In addition to free checking and money market accounts
and certificates of deposits with exceptional interest rates, Net.B@nk offers
its customers the ultimate convenience in banking. Products and services include
free online account access, free unlimited online bill payment, free checks,
unlimited ATM use, VISA(R) Check Card, VISA(R) credit cards, online brokerage
services, mortgage lending, home equity lines and loans, and business equipment
leasing services. Net.B@nk is a member of the Cirrus, Honor/Star, and AFFN ATM
networks. For more information on Net.B@nk, its products and services, visit the
Web site at netbank.com, or call 1-888-256-6932. |
