Affiliated Computer Services announces outsourcing agreement with Extebank; ACS, owner of world's third-largest ATM network, expands service offering in northeast.DALLAS--(BUSINESS WIRE)--Sept. 12, 1995--Affiliated Computer Services Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACSA ACSA Association of Collegiate Schools of Architecture ACSA Association of California School Administrators ACSA Airports Company South Africa ACSA Apple Certified System Administrator ACSA Australian Curriculum Studies Association ), a leader in information technology services, announced today an agreement with Extebank to provide account processing, back office support and automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATM) processing services. Financial terms of the agreement have not been disclosed. $800 million commercial Extebank, based in Hauppauge, N.Y., is a subsidiary of the $80 billion Banco Exterior de Espana, headquartered in Madrid, Spain. Banco Exterior de Espana is Spain's third largest financial institution and one of Europe's principal banking groups, with over 3,000 offices in more than 30 countries. The agreement calls for ACS (Asynchronous Communications Server) See network access server. to transition Extebank's core processing and back office support systems to ACS's Woodbury, N.Y. Data Center. Extebank has selected ACS's exclusive Advantage(SM) system for integrated, core applications, including cash management, home banking and PC teller support. In addition, ACS will provide document, item and check imaging services, as well as multicurrency information and an international software interface supporting Extebank's communications with Banco Exterior de Espana. The agreement also calls for ACS to upgrade Extebank's ATM hardware and to provide the bank with Electronic Funds Transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. (EFT) processing services and ATM maintenance. ACS will provide connectivity to all major EFT networks, including the NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). network, for Extebank's ATM processing. "We are looking forward to working with ACS, a company that has offered us excellent flexibility, service and responsiveness, in addition to a cost-effective solution to better meet our information processing needs," said Barbara Pryor, Extebank's senior vice president of operations. "ACS's relationship with Extebank represents a significant expansion for ACS in the northeastern United States, and will facilitate the delivery of our data processing services to other financial institutions in the area," said Wayne Sanderford, ACS senior vice president of the company's EFT/banking division. "The expansion of our ATM service offering, including access to the NYCE network, will expedite deployment of ACS-operated ATMs to grocery and convenience stores, as well as to other banks." Extebank serves 25,000 clients in seven branches on Long Island and two in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Extebank has assets of over $800 million, and offices in Bohemia, Hauppauge, Jericho, Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. City, St. James, Stony Brook and Yaphank. With 3,000 employees nationwide, ACS provides information technology services including outsourcing, professional services, electronic funds transfer (EFT), and information and image management. Headquartered in Dallas, Texas, the Class A Common Stock of ACS is traded on the NASDAQ National Market System under the symbol ACSA. CONTACT: Extebank Philip D. Moliterno, 516/979-8900 or Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. Peter J. McLaughlin, 214/841-6285 Maria Villarino, 214/480-9458 |
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