Banklink Internet-Based Cash Management Solution Selected by First United Bank & Trust.Business Editors NEW YORK--(BUSINESS WIRE)--March 15, 2000 Banklink, a unit of Fiserv, Inc. (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 :FISV FISV Fiserv, Inc (stock symbol) ) and a leading provider of treasury management products and services, announced today that First United Bank & Trust has chosen WebLink(TM) to be its new Internet See Web 2.0 and Internet2. cash management offering to corporate customers. First United Bank & Trust, a full-service commercial and retail community bank headquartered in Oakland, Maryland
Oakland is the county seat of the Garrett County, Maryland and the most populous city in Garrett County. It is a city with a population of 1,930 according to the 2000 census. , has signed a three-year agreement to offer WebLink under the name My Cash Manager!(TM) WebLink is a modular cash management solution that enables financial institutions to deliver information and services to their corporate customers via the Internet. Using standard browsers, WebLink customers can check balances, send ACH transactions, initiate internal funds internal funds Funds that are raised within a firm. For example, income after taxes and noncash expenses, such as depreciation, provide a firm with funds to use in the acquisition of investments. and wire transfers, request stop payments, and send e-mail messages to the bank. WebLink features multiple levels of security including user authentication See authentication. , data encryption data encryption, the process of scrambling stored or transmitted information so that it is unintelligible until it is unscrambled by the intended recipient. Historically, data encryption has been used primarily to protect diplomatic and military secrets from foreign and network security. "We are delighted to offer WebLink," said William B. Grant, Chairman 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 First United Bank & Trust. "Of all the products we surveyed, we felt WebLink was the most consistent with our strategy of focusing on Internet banking services for our customer base. Another point in favor of WebLink is the ease with which we will be able to convert our current customers to the Web." First United Bank & Trust is currently offering Banklink SERIES 2000(TM), Banklink's Windows(R)-based cash management solution. "With WebLink, we can offer our customers a product that will save them time and money," said Val Teagarden, First United Bank & Trust Product Manager. "We like that we don't have to distribute software and can get them up and running very quickly. Banklink has also helped us develop a marketing approach that will be useful in promoting My Cash Manager! The marketing support we receive from Banklink is, to us, real added value." First United Bank & Trust serves businesses in Maryland's Garrett, Allegany, Washington and Frederick counties as well as West Virginia's Mineral, Hardy, Hampshire and Berkeley counties. Banklink, on the Web at www.banklink.com, specializes in electronic treasury management solutions and was established in 1977 as a full-service electronic banking company. Today, Banklink provides product and service solutions to over 150 financial institutions worldwide to meet the needs of 26,000 treasury management customers. The Banklink portfolio of information reporting and transaction initiation services features the Banklink Web Solutions, including WebLink(TM), EasyPayWeb(TM), MoneyWorksWeb(TM), WebDataExchange(SM) and Banklink Member-Services(SM) , Banklink SERIES 2000(TM); Banklink Data ExchangeSM; Banklink EasyPay(TM); and MoneyWorksWin(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. 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 10,000 financial services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com. |
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