Air2Web and Magnet Communications Unwire Business Banking.Business Editors ATLANTA--(BUSINESS WIRE)--June 4, 2002 New Voice and Wireless Cash Management Capabilities Enable Business Customers to Manage Accounts Anytime, Anywhere Magnet Communications, The Internet Business Banking Authority, and Air2Web today announced new mobile solutions for Magnet's Internet Banking Suite that will enable corporate banking customers that use Web-based cash management services to manage accounts and receive alerts using wireline or wireless phones or mobile devices such as wireless PDAs. Air2Web is developing the new mobile solutions for Magnet using its Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. Platform, a programming environment for applications that enables secure delivery of voice and data to any digital wireless device. Magnet's first mobile application will be a voice response unit for the Magnet Internet Banking Suite's Cash Concentration and Balance Reporting product modules. Business banking customers will be able to use the new voice system to report deposits and get up-to-the-minute account balance reports by telephone. By early Q1 2003, Magnet plans to incorporate wireless alerts, messaging and reporting along with transaction review and approval into its cash management suite. "Businesses want to access banking services in the way that best meets their needs, so banks must be prepared to support voice, Web and wireless services," said Steve Gordon
On June 24, 1999, Steve Gordon of California rode a unicycle backward for 68 miles at Southwest Missouri State University, Springfield, Missouri, earning him the current , 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 Magnet Communications. "Combining Air2Web's proven mobile solution with the broad functionality of the Magnet Internet Banking Suite allows banks to offer their business customers complete flexibility in accessing online banking services." Internet-based banking allows banking customers to interact with financial institutions beyond standard operating hours and obtain services at the most convenient time. Mobile banking enhances this benefit by making financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. portable, so customers can access them from any location. Wireless access to business banking is particularly beneficial for financial functions that are time sensitive, such as daily investing and loan forecasting - a CFO See Chief Financial Officer. need not miss the opportunity for a favorable rate as a result of being out of the office. Mobile banking services can also expedite critical financial decisions, such as transaction review and approval, and balance transfers - shipping deadlines aren't missed due to delays in supplier payments. "Mobile services are eliminating the barriers to information access, allowing people to manage their businesses wherever and whenever they want," said Sanjoy Malik, president and CEO of Air2Web. "Collaborating with Magnet to deliver highly customizable Internet banking solutions that are also accessible by phone or wireless devices will help banks deliver on the promise of online banking - greater efficiency, productivity and convenience for business banking customers." About Magnet Communications Magnet Communications, Inc. is a leading provider of Web-based cash management and business banking solutions for financial institutions of all sizes. Magnet offers a comprehensive suite of integrated cash management applications, enabling banks to target multiple customer segments with customized cash management services from a single platform. Magnet's Internet Banking Suite allows banks to deliver sophisticated cash management services to corporate banking customers. BizBankingWORKS for Small Business offers corporate cash management functionality in a simplified environment that is intuitive and easy to use for small business customers. iPortBiz combines Magnet's core banking services with essential business services in a portal platform. Magnet offers its cash management solutions on both in-house platforms and through a secure hosted platform, the Magnet Outsource Service. Magnet also provides professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and marketing support to help banks deploy services quickly and grow their online banking customer bases. Founded in 1995, Magnet Communications is headquartered in Atlanta. For more information call (404) 892-9300 or visit http://www.magnetbanking.com/. About Air2Web To date, Air2Web has more than 65 production deployments with blue-chip customers providing wirelessly enabled financial applications, critical field force applications, customer relationship management, M-commerce and subscription-based content services. Customers include companies such as BellSouth, ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Lexmark International, Nortel, UPS, Holiday Inn, Intercontinental and Crowne Plaza hotels, the Weather Channel, CBS (Cell Broadcast Service) See cell broadcast. SportsLine, and other leading finance, travel & hospitality, media & entertainment, health care, retail, and transportation companies. Air2Web recently closed a round of $20 million Series C funding. The investors participating in this latest round of funding include CDP CDP (cytidine diphosphate): see cytosine. (1) (Certificate in Data Processing) An earlier award for the successful completion of an examination in hardware, software, systems analysis, programming, management and accounting, Sofinov, member of CDP Capital; BellSouth (NYSE NYSE See: New York Stock Exchange : BLS See Bureau of Labor Statistics. ); Nextel Ventures; VeriSign, 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 : VRSN VRSN Verisign, Inc. (stock abbreviation, AMEX) VRSN Version Number (NEC) ); Mitsubishi; and Jay Chaudhry, Chairman of Air2Web. For more information about Air2Web, please visit http://www.air2web.com. Magnet, Magnet Communications, BizBankingWORKS, iPortBiz and The Internet Business Banking Authority are trademarks and/or service marks of Magnet Communications, Inc. |
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