ABN AMRO Services Company Selects IntraNet's MTS for High-Value Payments Processing.Business Editors/High-Tech Writers NEWTON, Mass.--(BUSINESS WIRE)--Feb. 19, 2003 New Payments Processing Platform to Support ABN AMRO, LaSalle Bank and Standard Federal Bank Clients IntraNet, Inc. (Nasdaq:TSAI TSAI Transaction Systems Architects Inc ), an industry leader in international payments and messaging processing solutions, today announced the licensing of its PaymentWare(TM) Money Transfer System(TM) (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. (TM)) payments processing solution to ABN AMRO Services Company, Inc. in Chicago, Illinois. "ABN AMRO underwent an exhaustive search for a new payments processing solution to meet our requirements for increased straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. and reduced costs. The IntraNet MTS product best meets our needs," said John Jaye, first vice president, Electronic Payment Systems, ABN AMRO Services Company. "There are direct synergies in the long term strategy for payments between ABN AMRO and IntraNet." "IntraNet strives to provide innovative technology and best-of breed solutions to our customers and we are pleased that ABN AMRO Services Company has chosen us to help the bank meet its technology needs for future growth," said Dennis Jorgensen, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IntraNet, Inc. "MTS offers superior performance and scalability that are critical to the success of the bank's payments operation." IntraNet's MTS software will provide ABN AMRO Services Company high-volume, real-time, mission-critical corporate electronic payment processing that employs enhanced routing logic to maximize the bank's ability to accomplish straight-through processing. MTS combines proven reliability with scalability and exceptional flexibility designed to optimize efficiency in corporate payment processing environments. MTS is an integrated payments solution for domestic and international funds transfers. IntraNet's MTS operates on IBM eServer pSeries and is a member of IntraNet's PaymentWare suite of solutions designed to meet the messaging and payment processing needs of the wholesale banking industry. MTS supports real-time, high value payment processing and message switching. It is a multi-bank, multi-currency product that provides 24/7 processing capabilities with interfaces to RTGS RTGS Real Time Gross Settlement RTGS Real Time Gross Settlement System systems, SWIFT, telex, net settlement systems, clearing houses, internal systems and numerous third-party banking applications. MTS includes tools for operational and business risk management, including a unique, proven, multi-site disaster recovery system, money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. detection, USA Patriot Act USA PATRIOT Act [Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorists], 2001, U.S. and OFAC OFAC Office of Foreign Assets Control (US Treasury) OFAC Ontario Farm Animal Council (Canada) OFAC Olmsted Falls Airport Committee OFAC Organic Fertilizer Association of California compliance and other market and industry initiatives. About ABN AMRO Services Company ABN AMRO Services Company supports the information technology needs of its affiliates throughout North America. ABN AMRO Services Company provides treasury management solutions and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to commercial banking clients of its affiliates' LaSalle Bank, Standard Federal Bank and ABN AMRO Bank. ABN AMRO Services Company, LaSalle Bank and Standard Federal Bank are all subsidiaries of LaSalle Bank Corporation, which is headquartered in Chicago and has US$101 billion in assets. LaSalle Bank Corporation is a subsidiary of ABN AMRO Bank N.V., one of the world's largest banks with total assets of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 597.4 billion and a presence in more than 3,400 locations in over 60 countries and territories. About IntraNet, Inc. IntraNet, Inc. is the industry leader in international payments and messaging processing solutions for financial institutions. IntraNet's PaymentWare suite of software products provides maximum performance and dependability in highly complex and real-time wholesale financial environments, including large value and bulk file payments processing. Some of the world's largest financial institutions use IntraNet software to move money, settle multiple currencies and streamline back office operations. The success of IntraNet's solutions reflects 25 years of real-time and accounting experience in developing and delivering business-critical banking systems. IntraNet solutions have been installed in over 100 financial business units around the world. They operate on a variety of hardware platforms including IBM eServer pSeries and HP NonStop. IntraNet is a Premier Business Partner in IBM's PartnerWorld for Developers program and has an on-going Strategic Alliance agreement with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . IntraNet is a division of Transaction Systems Architects, Inc. (Nasdaq: TSAI). Visit IntraNet at www.intranet.com. IBM eServer and pSeries are trademarks or registered trademarks of International Business Corporation in the United States and other countries. Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In addition, this press release may contain other forward-looking statements including statements regarding Transaction Systems Architects, Inc.'s ("TSA TSA See tax-sheltered annuity (TSA). "), its subsidiaries or third parties' expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially. For a detailed discussion of these and other risk factors, interested parties should review TSA's filings with the Securities and Exchange Commission, including TSA's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 30, 2002 (filed January 13, 2003) and Form 10-Q for the quarter ended December 31, 2002 (filed February 13, 2003). |
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