Bank of the West Announces Next-Generation Internet Banking.SAN FRANCISCO--(BUSINESS WIRE)--JULY 9, 1999-- Bank of the West has teamed up with a nationally known technology company to provide its next generation of 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 banking. The new product will be easier to use and provide more on-line banking services. "The leading-edge product will work as easily as an ATM," said Don J. McGrath, president and chief executive officer of Bank of the West. "If you can use an ATM, you'll be comfortable with our new Internet See Web 2.0 and Internet2. banking system. We know that lots of people have been turned off by complexity of Web banking in the past, but advancing technology is making life simpler for users." Bank of the West will use the Interpose in·ter·pose v. in·ter·posed, in·ter·pos·ing, in·ter·pos·es v.tr. 1. a. To insert or introduce between parts. b. To place (oneself) between others or things. 2. Internet banking and bill payment system created by InteliData Technologies Corp. of Reston, Va. InteliData will partner with Home Financial Network of Westport, Conn. McGrath said Bank of the West views the Internet as "the next step in a natural progression of delivery channels for banking -- from person-to-person contact in the branches to telephone call centers to ATMs. The Internet isn't a replacement for these others, but an additional path for those who want to take it." Bank of the West was founded in 1874 and is the fifth largest bank in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . It has 166 branches in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , Washington, Idaho and Nevada. Bank of the West is a subsidiary of BancWest Corporation. BancWest's other major subsidiary, First Hawaiian Bank, has contracted with InteliData to provide the same Internet banking product to its customers in Hawaii, Guam and Saipan. InteliData supplies Internet banking and bill payment technology to over 20 of the top 100 U.S. financial institutions and financial service providers. |
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