BankLink, Inc. partners with New England investment companies and subsidiary, Reich & Tang, to introduce InvestmentLink software.NEW YORK--(BUSINESS WIRE)--July 29, 1996--BankLink, Inc., a leading developer of automated treasury management solutions, announced today that it is forming a strategic alliance with Reich & Tang tang, in zoology tang: see butterfly fish. , a New York-based money fund management subsidiary of New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Investment Companies, L.P. Reich & Tang funds will be made available to treasury managers through the new InvestmentLink(TM) software from BankLink, Inc. "BankLink is forming this alliance with Reich & Tang because they are one of the nation's most experienced independent money fund managers," said Rick Hutchinson, BankLink, Inc. president. "Our partnership is a natural fit because both of our organizations provide third-party private-labeled products to the financial marketplace." The InvestmentLink solution enables treasury managers to initiate short-term money market investments directly from their personal computers as well as give them instant access to account information and account reporting. BankLink, Inc. will sell the InvestmentLink product to financial institutions who will in turn market the Reich & Tang funds to their treasury management customers. "Our vision is to combine the treasury manager's daily cash management and investment activities into one streamlined process," said Hutchinson. "The InvestmentLink software was designed to integrate seamlessly with the BankLink SERIES 2000(TM) cash management product. BankLink, Inc. is working with Reich & Tang to provide the funds that make the InvestmentLink product work." "BankLink is an established and dynamic provider of private-label cash management software and services to banks and other institutions throughout the U.S.," said Steven W. Duff, president and 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. of Reich & Tang Funds. "Through our partnership, we plan to provide the breadth and quality of products and services that our customers both require and demand." By using the InvestmentLink software, treasury managers will benefit in many ways. They'll realize increased revenue by capitalizing on short-term/overnight investment opportunities and earn dividends on excess balances. Users of the InvestmentLink product will enjoy the added convenience and time savings by consolidating their investment activities. In addition, they will be able to more efficiently control their residual DDA DDA Disability Discrimination Act (1995, UK) DDA Downtown Development Authority DDA Doha Development Agenda DDA Delhi Development Authority DDA Department for Disarmament Affairs DDA Demand Deposit Account DDA Domain Defined Attribute balances. BankLink, Inc. will begin piloting the InvestmentLink software this week with two distributors and expects full product rollout to begin in late 1996. BankLink, Inc., a subsidiary of Fiserv, Inc., was established in 1977 as a full-service electronic banking company. Today, BankLink provides product and service solutions to over 120 financial institutions worldwide to meet the needs of their treasury management customers. The BankLink portfolio of information reporting and transaction initiation services features Windows and DOS versions Following is a list of DOS versions since its inception in 1981: Version Major new features 1.0 1981 8-sector 160KB floppy (SS). 1.05 Bug fix. 1.1 1982 8-sector 320KB floppy (DS). 2.0 1983 10M hard disk, 9-sector 360KB floppy, directories, more batch commands. 2. of BankLink SERIES 2000, Data Exchange and InvestmentLink software. Fiserv, Inc. is an independent provider of financial data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a systems and related information management services and products to more than 5,000 banks, credit unions, mortgage firms and savings institutions worldwide. A publicly held company headquartered in Brookfield, Wis., Fiserv is traded on the 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 over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the symbol FISV FISV Fiserv, Inc (stock symbol) . New England Investment Companies is a limited partnership with approximately $88 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . It is made up of 12 subsidiaries, divisions and affiliates offering a wide array of investment styles and products to institutional and individual clients. Its business units include Back Bay Advisors; Copley Real Estate Advisors; Graystone Partners; Harris Associates; Loomis, Sayles & Co., New England Funds; New England Investment Associates; Reich & Tang Capital Management; Reich & Tang Funds; Vaughan, Nelson, Scarborough & McConnell; Westpeak Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and ; and New England Investment Companies' affiliate, Capital Growth Management. Reich & Tang Funds operates as an investment advisor and administrator to institutional and individual clients and provides a variety of financial products and services including 18 money market funds with over $7.3 billion in assets. CONTACT: BankLink, Inc. Dana Trokel, 212/696-3141 or New England Investment Companies, L.P. Laurence Dwyer, 617/578-1686 |
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