Bay View Capital Corporation Selects BISYS as Technology Partner.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--July 15, 1996--Bay View Capital Corporation, the holding company for Bay View Federal Bank and California Thrift thrift: see leadwort. and Loan, announced today the execution of a long-term information services See Information Systems. technology agreement with BISYS Group, Inc. who provides such services to more than 5,000 financial institutions and corporate clients. David Heaberlin, Bay View's Chief Financial Officer and Treasurer, reported, "Our industry-wide evaluation strategically targeted a totally integrated solution capable of generating comprehensive and timely decision-support functionality, delivered by a technology partner committed to maintaining a leadership position as the industry's technologies advance. BISYS demonstrated their ability to meet these needs and support our fast-paced approach to the business of banking." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Paul Bourke, 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 BISYS, "Our agreement with Bay View represents one of our most unique and progressive client relationships, confirms our position as a technology leader delivering an unmatched array of products and services, and demonstrates our successful evolution from a traditional 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 service bureau to a diversified technology provider." Bay View, a $3.4 billion organization headquartered in San Mateo, CA, will implement BISYS' complete TOTALPLUS(TM) product suite. TOTALPLUS(TM) consists of remote and client-site applications integrated to provide bank-wide automation, including retail and commercial services, mortgage banking, credit and loan administration, financial and marketing management, bank operations and electronic banking. The Bay View/BISYS partnership has several components which are unique to both organizations. -- Bay View will be a West Coast "Flagship" for BISYS. -- BISYS will establish a Technology Lab at Bay View, which will provide Bay View with advance access to all TOTALPLUS(TM) enhancements and new products. This unique facility will provide quantifiable Quantifiable Can be expressed as a number. The results of quantifiable psychological tests can be translated into numerical values, or scores. Mentioned in: Psychological Tests benefits for both organizations. BISYS will benefit from the pre-release review of their products by experienced bankers who are technology experts. Bay View will benefit from early training and implementation of advancing technologies, enhanced functional capabilities and new products. -- BISYS will also serve as Bay View's technology manager for their PC-based solutions, responsible for on-site day-to-day computer related operations and ongoing integration of niche applications. Heaberlin noted in summary, "BISYS' strong customer service culture created a 'BISYS bias' among our users early in our selection process. Our users were convinced BISYS would effectively and efficiently support our evolving information requirements The information needed to support a business or other activity. Systems analysts turn information requirements (the what and when) into functional specifications (the how) of an information system. and expanding markets, and strengthen our customer relationships with competitive products and superior service levels." Bourke concluded, "Through internal product development and strategic acquisitions, BISYS is one of the financial industry's leading outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. . We are strategically focused on operating as a growth-enabling business partner with each of our clients and look forward to the opportunity to support Bay View's performance, productivity and service initiatives." CONTACT: Bay View Capital Corporation, San Mateo David A. Heaberlin, 415/312-7272 |
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