Bank One Selects Politzer & HANEY Software to Provide Commercial Customers With Internet Access to Electronic Payments Service.NEWTON, Mass.--(BUSINESS WIRE)--Oct. 26, 1999-- Politzer & HANEY announced today that Bank One Corporation has purchased Web Cash Manager, which will integrate with the Bank's The One(R) Net Connection(SM) - 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 . The One Net Connection will provide commercial customers with Internet-based funds processing for payroll direct deposit, cash concentration, vendor payments, and state and Federal tax payments. Using standard browsers, The One Net Connection links customers to a secure system to initiate ACH entries. The software, supported by Politzer & HANEY, will streamline processing by allowing customers to enter data into predefined data entry screens, import data from external systems, export data to spreadsheet spreadsheet Computer software that allows the user to enter columns and rows of numbers in a ledgerlike format. Any cell of the ledger may contain either data or a formula that describes the value that should be inserted therein based on the values in other cells. or database packages and adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. government mandates for electronic state and Federal tax payments. "There is significant customer demand for Web access to ACH and other payment mechanisms," said Len Goodman Len Goodman, (born April 24, 1942) is a professional dance judge who also teaches ballroom and Latin dancing at the school he runs in Dartford, Kent, UK. Born in Bethnal Green in April 1942, he started dancing around the age of 20 after a short time as an engineering apprentice. , first vice president of the Customer Access Channel Management unit in Bank One's Treasury Management Services. "Payment functionality will be an important component of the innovative services available through The One Net Connection suite." Politzer & HANEY's Web Cash Manager product will reside on The One Net Connection platform, allowing customers to access state-of-the-art transaction services through a single electronic portal. "As a partner with Bank One, it is our goal to seamlessly integrate our product into the Bank's existing infrastructure," said Ralph Dangelmaier, vice president of Sales and Marketing for Politzer & HANEY. "Our technical capabilities and system architecture give us tremendous flexibility in working with Bank One, ensuring an easier system implementation and faster upgrades while maintaining consistency in the look and feel of The One Net Connection product." About Bank One BANK ONE CORPORATION (NYSE NYSE See: New York Stock Exchange :ONE), headquartered in Chicago, is the nation's fifth largest bank holding company, with assets of more than $260 billion. Bank One offers a full range of 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 and business customers and consumers. It can be found on the 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 at www.bankone.com. About Politzer & HANEY Politzer & HANEY is the leading supplier of Web-based electronic banking systems to U.S. banking and financial institutions. More than 350 financial institutions, including 35 of the top 80 U.S. banks, rely on Politzer & HANEY's systems to support their daily electronic banking activities. Established in 1983, Politzer & HANEY is headquartered in Newton, MA, with offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Additional information on Politzer & HANEY's products and services is available though the Company's Web site, www.ph.com. |
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