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Banklink Releases New Version of WebLink Corporate Cash Management Solution.


Business Editors

NEW YORK--(BUSINESS WIRE)--July 10, 2000

Banklink, a unit of Fiserv, Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ) and a leading provider of treasury management products and services, announced today that it is releasing WebLink(TM) 5.0, a new version of its browser-based cash management solution for mid-sized companies.

WebLink is a thin-client application that enables users to perform a variety of cash management duties - including 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  origination Origination

The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.

Notes:
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real
, information reporting, stop payments, NACHA NACHA National Automated Clearing House Association
NACHA National Agency Clearing House Association
 pass-through and account transfer - through a single window.

"With Internet users Internet user ninternauta m/f

Internet user Internet ninternaute m/f 
 making up one of the fastest growing markets in business today, WebLink 5.0 will make it easier than ever for financial institutions to tap into this exploding market," said Carroll Harrold, President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of Banklink.

Version 5.0 offers enhancements in eight major areas, adding convenience for WebLink system users, as well as saving them time and money. A new Account Transfer service provides a simple interface to move funds between internal accounts. Information Reporting is enhanced via a new Account Statement Report that includes both summary and detail information on a single page; the ability to export data into standard file formats for use in other software packages; and access to loan information. Other Version 5.0 features include Multibank Reporting, an enhanced User Interface, simplified Message Broadcasting from financial institution to user, comprehensive Billing Reporting and versatile Audit Reporting.

The WebLink system's intuitive interface can be privately branded by the financial institutions that offer it to their corporate customers and can be accessed through the institution's Web site. The WebLink system's extensive administrative functions include shadowing, which allows the financial institution to view transactions while customers are composing com·pose  
v. com·posed, com·pos·ing, com·pos·es

v.tr.
1. To make up the constituent parts of; constitute or form:
 them and respond quickly if the client calls with questions about a transaction.

The WebLink system eliminates software distribution, reduces customer support costs and accelerates product upgrades and modifications. Banklink provides 24-hour data center operations, including hosting, receipt and transmission of bank files, and disaster recovery. In addition, Banklink will align resources and development efforts to rollout and enhance the product offering, which can be offered in complete continuity with legacy products. WebLink is designed for easy upgrading and new services are in the planning stages.

Banklink, a unit of Fiserv specializing in electronic treasury management solutions, 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 Banklink Web Solutions, including WebLink(TM), WebDataExchange(SM), EasyPayWeb(TM), MoneyWorksWeb(TM) and Banklink Member-Services(SM). Other Banklink products include Banklink SERIES 2000(TM), Banklink DataExchange(SM), 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, and is on the Internet at www.banklink.com.

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 service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin
See also: Brookfield (town), Wisconsin


Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people.
, Fiserv also can be found on the Internet at www.fiserv.com.
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Publication:Business Wire
Date:Jul 10, 2000
Words:537
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