On The Market:

ITI Launches Commercial Internet Banking Solution

Successful businesses of all sizes rely on up-to-the-minute cash management. To help satisfy that need, the Information Technology Inc unit of Fiserv Inc now offers PremierEcorp, a secure, flexible, customizable and fully integrated cash management system that is getting enthusiastic reviews from financial institutions and their corporate customers.

This new, browser-based, real-time solution provides high-performance, 24x7 commercial Internet banking and powerful customer relationship management tools -- all in a single package. "We're really pleased with the response to PremierEcorp," said Kurt Kuhl, ITI senior vice president. "Being the first commercial Internet banking product on the market was never a goal, but being the best solution available is always the highest priority. More than 100 financial institutions have licensed the software, making it one of the most licensed electronic cash management applications in the U.S. About 750 businesses already are using the product and the feedback we're getting tells us ITI has hit the mark with PremierEcorp."

"The flexibility and ease of navigation PremierEcorp offers is better than anything I've seen," said Kent Scharringhausen, senior vice president at American Chartered Bank in Schaumburg, Illinois. "Customers can review account details in real time and see their transaction history. They also can make internal and external fund transfers, manage stop payments, and access check images anytime, anywhere."

Other features include accessibility to archived statements and mechanisms to control fraud. Specifically authorized customer employees also can make controlled disbursements, as well as tax and loan payments.

Jim Cross, senior vice president and Manager of the Fiserv Brookfield ITI Data Center, said financial institutions using PremierEcorp range in size from de novo to $1 billion-plus.

"They all see this as a way to compete and grab a larger share of the business-to-business market at a fraction of the cost of going through a third-party vendor using slower batch processing procedures," Cross said.

Scharringhausen said that prior to implementing a Web-based cash management solution, his bank offered a dial-up product that resulted in numerous reliability and up-time issues.

"Now we are in an environment where accessibility is not a problem. PremierEcorp (which is marketed by American Chartered to its customers as eCorp) also delivers greater functionality for corporate cash managers without jeopardizing security and controls established at the customer and bank levels," Scharringhausen said.

ITI E-commerce Product Manager Jamie Deterding said the user-friendly software introduces customers to other products and services offered by the financial institution, allowing them to view product presentations and request more information.

"As a result, fee-based revenue is increased and operating costs are lowered since client-based software distribution, faxing transcript statements, reporting balances and other labor-intensive tasks are eliminated," Deterding said.

"Any size business, from the mom and pop store to the large corporation, can benefit from this software," said the Fiserv Brookfield ITI Data Center's Cross. "With the flexibility of secure, anytime/anywhere cash management, businesses are more productive, and can now do their jobs better and faster."

Information Technology Inc, headquartered in Lincoln, Nebraska, is a top producer of integrated software solutions for the nation's financial industry. More than 3,600 institutions of all sizes use ITI's suite of products and services, which include consumer and commercial Internet banking and other e-commerce solutions, customer relationship management (CRM), electronic document management, data warehousing and business analysis systems. Core accounting and platform automation systems also are provided. ITI can be found on the Web at www.ITIwnet.com.

ITI is a wholly owned subsidiary of Fiserv Inc, an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 13,000 financial services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance agents and companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv can also be found on the Internet at www.fiserv.com.

Contact Fiserv, Brookfield Outsourcing, Jim Cross, 262-879-5000, Jim.Cross@Fiserv.com.