Banklink WebLink Cash Management Solution Selected by Ridgefield Bank.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 9, 2000 Banklink, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) and a leading provider of Web-based treasury management products and services, announced today that Ridgefield Bank has chosen WebLink(TM) to be its new Internet See Web 2.0 and Internet2. cash management offering to corporate customers. 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. 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. "As a longstanding, satisfied Fiserv client, we were pleased to know that their Banklink unit offers a Web-based cash management solution," said Diana Fyfe, Senior Vice President of Operations and Technology of Ridgefield Bank. "We were looking primarily for a system for our small business clients who have more than one tax ID and who can benefit from ACH access via the Internet. WebLink has exactly the features we need, such as transfers, daily statements and ACH capability. It's also priced competitively and is easily installed. "Besides the product benefits, we believe partnering with an outsourcer like Banklink allows us to focus our resources in new and different directions," Fyfe said. "We know we can rely on their implementation and technical support expertise as a Fiserv resource." Ridgefield Bank, with assets of $450 million, is a mutual savings bank Mutual savings bank A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees. located in southwestern Connecticut Southwestern Connecticut is a geographic region of the U.S. state of Connecticut. There are no official definitions for this region but generally includes one or more of the following official regions located entirely or partly in the southern part of Fairfield County: 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 Banklink Web Solutions, including WebLink(TM), EasyPayWeb(TM), MoneyWorksWeb(TM) and Banklink Member-ServicesSM. Banklink is located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . 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, Fiserv also can be found on the Internet at www.fiserv.com. |
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