Atlantic Central Bankers Bank Subsidiary, Banking Infrastructure & Technology Services (BITS), Teams with Cisco Systems to Offer Community Banks a Simplified Transition to End-to-End IP Telephony.NEWARK, N.J. -- BITS Makes the Converged IP Network Solution Easy to Install, Deploy and Manage Banking Infrastructure & Technology Services (BITS), the technology and telecommunications unit of Atlantic Central Bankers Bank (ACBB ACBB Angular Contact Ball Bearing ACBB American Council for Better Broadcasting ), and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , the global leader in networking for the Internet, announced today that as part of Cisco's "Branch of the Future" portfolio, they will offer ACBB community banks an advanced Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) based network solution that will deliver voice, video, image, and data to each bank's branch locations with one, cost-effective and highly secure converged network connection. "Cisco's deep understanding of the enterprise networking market is invaluable to us in demonstrating to the Mid-Atlantic region's 500 community banks, with their 5,000 branch locations, the enormous advantages and possibilities available to them with next generation IP communications," said Banking Infrastructure & Technology Services 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. , Chuck Daniels. "In addition to the benefits we obtain now, teaming with Cisco will allow us to tap into its close relationships with third-party application developers who are rolling out new services like touch tone phone screens, virtual kiosks and other banking innovations to enhance the customer's experience." As part of Cisco's "Branch of the Future" portfolio of advanced communications for the banking industry, BITS' converged IP network consists of the Cisco 2800 Series Integrated Services Routers (ISR (Interrupt Service Routine) Software routine that is executed in response to an interrupt. ) to bring together security and voice features, including firewall, intrusion prevention services (IPS), quality of service (QoS), and call processing in a single resilient system managed by BITS. The Cisco Unified Communications System, designed for centralized configuration and administration, will also offer remote monitoring across multiple sites, generating significant savings in cost, time and resources during the deployment, initial set-up and administration of moves, adds and changes. With built-in virtual private network (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ) hardware encryption and acceleration, IP communications, voice mail and auto attendant solution, Cisco ISRs can effectively replace a Private Branch Exchange (PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). ) in the small/medium/branch office. "Designed specifically for the banking industry, the Cisco Branch of the Future solution appeals to community banks such as ACBB's community banks that have many branch offices but few if any Information Technology resources on site to deploy or manage the IP telephony system," said Rune Oslund, financial services market manager, Cisco Systems. "The importance of a converged network is that BITS can now deliver advanced new customer services to ACBB community bank branches that would not have been possible before and at a significantly reduced cost and in a quicker timeframe." "Implementing a network and highly service environment where all applications - including voice and data - are delivered on a single converged, end-to-end IP infrastructure, may appear resource intensive, time consuming and costly." said Mr. Daniels. "But ACBB-BITS can provide community banks with all their rapidly changing needs for enhanced technology, security, support, and control in an evolutionary and manageable process. At the outcome of this process is a virtual, private and highly secure IP-based communications infrastructure offering features, functionalities and competitive benefits that match or exceed the network upgrades currently underway in major national and money center banks Money center banks Banks that raise most of their funds from the domestic and international money markets , relying less on depositors for funds. ." BITS Converged Network Architecture Diagram available. About Cisco Systems Cisco Systems, 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 : CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) is the worldwide leader in networking for the Internet. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to: http://newsroom.cisco.com. About Banking Infrastructure & Technology Services Banking Infrastructure & Technology Services (BITS), the technology and telecommunication subsidiary of Atlantic Central Bankers Bank, provides community banks with sophisticated converged networks and advanced IP Telephony. By leveraging the power of 500 ACBB members to negotiate lower costs, BITS provides community banks with a single, trusted source and solution for advanced IP voice and data communications. With offices in Newark, New Jersey, and Camp Hill, Pennsylvania Camp Hill is a borough in Cumberland County, Pennsylvania, 2 miles (3.5 km) southwest of Harrisburg, Pennsylvania. The population was 7,636 at the 2000 census. There are many large corporations based in nearby East Pennsboro Township that use the Camp Hill postal address, including , BITS serves community banks throughout New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pennsylvania, Maryland and Delaware. Information about BITS can be found at http://www.acbb-bits.com About Atlantic Central Bankers Bank The mission of Atlantic Central Bankers Bank (ACBB) is to assist community banks in competing more effectively through enhanced credit and noncredit non·cred·it adj. Of, relating to, or constituting an educational course that does not offer credit toward an academic degree. services while leveraging its aggregation capabilities. Originally chartered in 1983 as Pennsylvania Independent Bank, ACBB was formed from the initial capital provided by 73 community bank shareholders. The name was later changed in 1992 to more accurately reflect their marketplace and those of the shareholders in Pennsylvania, Delaware, Maryland, New Jersey, and New York. Headquartered in Camp Hill, ACBB is a Pennsylvania state-chartered, Federal Reserve member bank serving over 300 shareholder banks in addition to many non-shareholder banks. Information about ACBB can be found at http://www.atlanticcentral.com |
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