BB&T Selects Travelers Express' Official Checks For Its 831 Bank Locations.Business Editors/Banking Writers MINNEAPOLIS--(BUSINESS WIRE)--Aug. 22, 2000 North Carolina-based BB&T Corporation recently selected the Travelers Express official check program for its more than 800 banking locations. BB&T switched to the Travelers Express Internet-based service in mid-July. "Our official check system's Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the capabilities are important for financial institutions with large banking networks," said Phil Milne, president and chief executive officer for Minneapolis-based Travelers Express. "The technology we've incorporated into our systems in the last few years allows banks to easily link up with our processing operation. It's all transparent to customers, it saves dollars and service quality remains high." BB&T Corporation, headquartered in Winston-Salem, N.C., is a financial holding company with $55.2 billion in assets. Its bank subsidiaries operate 831 branch offices in the Carolinas, Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). , West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. , Georgia, Maryland and Washington, D.C. Travelers Express, a subsidiary of Phoenix-based Viad Corp (NYSE NYSE See: New York Stock Exchange :VVI VVI Vertical Velocity Indicator VVI Velocity Vector Imaging (trademark of Siemens AG) VVI Vermont Volunteer Infantry (Civil War) VVI VVimaging, Inc. ), serves more than 5,000 financial institutions and 65,000 retail locations and annually processes more than one billion payment transactions valued at more than $120 billion. In addition to official checks, money orders and gift certificates, the company offers money wire transfer services in 135 countries. More information on Travelers Express can be found on the Web at www.travelersexpress.com. |
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