AmSouth Internet Banking Growing Five Times Faster Than Industry Average; Free Offer Extended for Second Time After 160,000 Customers Sign Up.Business Editors BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--May 31, 2001 Driven by surprisingly strong demand, AmSouth Bank (NYSE NYSE See: New York Stock Exchange : ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ) is extending its offer of free Internet Banking and bill payment for the life of the account for two more months. In the first three months of the offer, about 160,000 new and current customers have signed up and the bank is still averaging more than 11,500 new applications per week. That is an increase of 380 percent compared with May 2000 in an industry where the typical annual online customer growth is 76 percent, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. report. AmSouth is the largest Southeastern bank currently offering completely free Internet Banking with bill payment to all of its customers. "This response clearly shows that more and more of our customers want the option of banking over the Internet," said Rod Woodford, AmSouth's director of e-Commerce. "Making it free was the nudge nudge 1 tr.v. nudged, nudg·ing, nudg·es 1. To push against gently, especially in order to gain attention or give a signal. 2. many of them needed to sign up." AmSouth is averaging about 2,300 applications per day, compared with last year's average of about 100 per day. April 30 has been the busiest day so far, with more than 5,000 signups received. AmSouth has notified its current Internet Banking customers that they won't have to pay for online bill payment. Normally, the service costs $5 per month. In addition, for current customers and those who sign up by July 31, AmSouth is waiving fees for Banking with Microsoft Money Microsoft Money is Microsoft's personal finance software for computers using the Microsoft Windows operating system. A version is also available for Windows Mobile (available for Money versions 2000-2006, and up to, but not including Windows Mobile 5.0). , a service that integrates Microsoft's powerful financial management software with AmSouth's Internet Banking service. Banking with Microsoft Money allows customers to download transactions directly from AmSouth to their home computer and simplifies account balancing as well as bill payment. That service normally costs $8 per month. Customers who take advantage of this offer also won't have to pay for the software or the setup fee, saving $9.95. Over the first year, total savings amount to more than $100. New and existing customers can sign up for the free offer either by going to www.amsouth.com, visiting any AmSouth branch or by calling 1-800-AMSOUTH. AmSouth Internet Banking features -- Manage AmSouth accounts from any Internet connection just by logging onto AmSouth's Web site. -- Get balance and account information for AmSouth checking, savings, CD, IRA, credit card, credit line, and installment loan relationships. Transaction histories are available on checking, savings, credit card, and credit line accounts. -- Complete many transactions online, including transferring funds and more. -- Eliminate the hassle of writing checks and mailing bills with online bill payment. -- Order brochures and reorder checks. AmSouth Banking with Money features -- All of the features of AmSouth Internet Banking. -- Forecast income and expenses and create a realistic budget plan to meet your goals. -- Perform long-range forecasting and planning. -- Project cash flow to help determine if you'll have the money you need for the months ahead. -- Track spending and make a budget. AmSouth security features -- AmSouth's Internet products use the latest encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. technology to secure data over the Internet. Encryption is the process of transforming data into a form unreadable to anyone except those who possess the decryption (cryptography) decryption - Any procedure used in cryptography to convert ciphertext (encrypted data) into plaintext. key. -- AmSouth uses 128-bit encryption throughout the Internet Banking Web site. This is the strongest level of encryption permitted by the federal government. -- To prevent physical tampering tampering The adulteration of a thing. See Drug tampering. , AmSouth's servers are constantly monitored and kept in a 24-hour secured AmSouth data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a facility with limited access. About AmSouth AmSouth is a regional bank holding company headquartered in Birmingham with $38.8 billion in assets, 600 branch banking offices and 1,225 ATMs. AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
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