Ameritrade Offers Customers Instant Funding of New Accounts Through TROY Group's eCheck Secure; Funding New Accounts Via the Internet Increases Convenience.Business Editors SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Dec. 21, 1999 TROY Group Inc. (Nasdaq:TROY) today announced that Ameritrade Inc., one of the leading online brokerages and a subsidiary of Ameritrade Holding Corp. (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ), is utilizing TROY's eCheck Secure(TM) funding software that gives customers the option of funding new accounts electronically via the Internet. Patrick J. Dirk, chairman and chief executive officer of Santa Ana-based TROY Group, commented: "In consideration of Forrester Research's recent prediction that the 8 million active online brokerage accounts Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. are expected to grow to 40 million by 2002, we are pleased to provide Ameritrade's growing customer base with this new funding option." "At Ameritrade, we are always listening to our customers and expanding the ways that we can provide even higher levels of service. Electronic funding of accounts will enhance customer convenience by dramatically reducing the time required to open a new account," said Jack McDonnell, chief executive officer of Ameritrade Inc. "eCheck Secure(TM) will enable Ameritrade to expand its market by offering the convenience of online check payments and speed up funding for potential customers who don't want to deal with the longer traditional funding process. We are excited about incorporating TROY's eCheck Secure(TM) solution into our online account funding process," McDonnell said. 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. Robert S. Messina, president of TROY Group: "Online investors typically fund their accounts with deposits sent by U.S. mail, overnight delivery or wire transfer. The TROY solution reduces the time delay and offers an alternative to expensive and time-consuming wire transfers, cash transfers and direct deposits." The eCheck Secure(TM) procedure is a simple process. From the Ameritrade "Open an Account" screen, customers click on eCheck Secure(TM) as a funding option. They enter checking account data into easy-to-follow payment screens. In seconds, the investor will receive a confirmation of payment. The eCheck Secure(TM) system is protected with state-of-the-art encryption technology. Ameritrade plans to incorporate TROY Group's eCheck Secure(TM) in upcoming marketing campaigns that will include print ads and direct mail. About Ameritrade Holding Corp. Ameritrade Holding Corp. (www.amtd.com) is a pioneer in the discount and online brokerage industry. The company provides brokerage services and clearing services to self-directed individual consumer investors and other financial institutions through its subsidiaries. Subsidiaries of Ameritrade Holding include: Ameritrade Inc. (www.ameritrade.com), a leading online brokerage firm; Accutrade Inc. (www.accutrade.com), a discount brokerage A discount brokerage is a business that charges clients significantly lower fees than traditional brokerages, typically offering comparatively fewer services and/or advice. delivering superior levels of personal service and support to its clients; AmeriVest Inc. (www.amerivestinc.com), a provider of third-party discount brokerage services and other 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. to commercial banks, credit unions and thrift institutions Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. ; as well as Advanced Clearing Inc. (www.advancedclearing.com), a securities clearing firm providing clearing services to each subsidiary as well as other financial institutions. About TROY Group TROY Group (www.troygroup.com) is recognized worldwide as a leading provider of output enhancement solutions and connectivity solutions. The U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. has printed checks on TROY equipment since 1984. TROY Group has established a number of strategic relationships with companies such as Hewlett-Packard, 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) , Standard Register and Equifax and distributes products in 55 countries. TROY Group's current technologies in software, firmware A category of memory chips that hold their content without electrical power. Firmware includes flash, ROM, PROM, EPROM and EEPROM technologies. When holding program instructions, firmware can be thought of as "hard software." See flash memory, ROM, PROM, EPROM, EEPROM and FOTA. and connectivity allow the company to move toward its goal of becoming a leading provider of e-commerce solutions. |
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