BANKLINK Introduces bizLINK Cash Management Product Suite for Small Business Sector.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 12, 2003 New robust, adaptable cash management solution, along with value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , empowers financial institutions to expand focus on small business customers BANKLINK, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) and a leading provider of Web-based treasury management products and services, announced today the introduction of a new solution that financial institutions can use to capture more business from the small business segment. bizLINK(TM) and bizLINK Plus(TM) suite is a dynamic and flexible Internet-based cash management service tailored for the specific banking needs of the small business market. 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. Paul Frank Paul Frank (born Paul Frank Sunich, August 29, 1967) is an artist and fashion designer. Paul's creations adorn clothing and other products. Julius the Monkey is one of Paul Frank's best-known characters. , BANKLINK's President, the bizLINK suite gives customers the ability to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. their investment by combining BANKLINK's extensive cash management expertise with tailor-made functionalities and value-added services that previously were not available to small businesses. "Financial institutions have expressed a strong interest in extending product offerings to the small business segment," said Ed Hansch, BANKLINK's Vice President, Director of Product Development. "Based on an extensive survey of our financial institution clients to identify which features are most important to their small business customers, we set out to design a solution that would be flexible enough to serve every segment of the small business sector. By building upon BANKLINK's well-known backbone of cash management products and services, we developed focused bizLINK packages that can grow with the small business. BANKLINK has been in the cash management business for 25 years, and no one else offers the segmentation of products for both corporate and small business sectors." bizLINK is a robust, tightly-integrated product initially targeting the needs of small businesses ranging from revenues of $500,000 to companies with more than 100 employees and revenues up to $10 million. With a roadmap that includes delivering a tailored solution to the small business/home office segment, it brings to the forefront features that small businesses have been asking for: internal transfer capabilities, loan reporting and payments, electronic bill payment, the ability to obtain information on checks, exporting to personal finance management tools such as Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. (R) and QuickBooks(R), balance account reporting, and stop payments, among others. "When a small business needs to migrate to more sophisticated payment capabilities, bizLINK Plus, which includes ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to and wire transfers, is the natural progression to take," Hansch said. According to Hansch, at the lower end of small business, companies typically won't need ACH and wires, while at the upper end they do. With this two-package offering, as a small business expands, it can easily migrate from bizLINK to bizLINK Plus with a simple phone call to their bank. As a company grows, it not only has the ability to migrate between bizLINK and bizLINK Plus, but as its needs continue to increase, it can upgrade to iLINK(TM), BANKLINK's corporate line. The bank can utilize the same inbound and outbound files for iLINK allowing rapid deployment. The product also frees small businesses from having to manage software distribution or needing their own Web-based programming and operational staff in-house. Value-added services, such as customer services, allow small businesses to concentrate on their core functions. More information on BANKLINK BANKLINK, on the Web at www.BANKLINK.com, leads with customer-focused treasury management solutions through experience and vision. Established in 1977 as a full-service electronic banking company, today BANKLINK provides product and service solutions to over 130 financial institutions worldwide to meet the needs of 20,000 treasury management customers. The BANKLINK portfolio of information reporting and transaction initiation services features iLINK(TM), the exchangeLINK(SM) suite of account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. and sweep services, BANKLINK SERIES 2000(TM) and BANKLINK MoneyWorks(TM). BANKLINK is located in 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 , New York and is a unit of Fiserv. Fiserv, Inc. (NASDAQ:FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 13,000 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. providers worldwide, including financial institutions, broker-dealers, credit unions, financial planners/investment advisers, insurance agents and companies, mortgage financial institutions and savings institutions. Headquartered in Brookfield, Wisconsin
Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people. , Fiserv also can be found on the Internet at www.fiserv.com. |
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