Beacon Software Strengthens Southeastern Presence, Three Banks Implement Compass In-House Internet Banking System; Community Bank Demand for In-House Internet Banking Grows.ATLANTA -- Atlanta-based Beacon Beacon, city (1990 pop. 13,243), Dutchess co., SE N.Y., on the E bank of the Hudson River; settled 1663, inc. in 1913 when Fishkill Landing and Matteawan villages were united. Software, Inc.(TM), a national developer of in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. Internet banking applications for community financial institutions, announced that Citizens Bank of Carthage, Tenn. (asset size $425 M), First Bank in Clewiston, Fla. (assets size $145 M), and Commercial Banking Company of Hahira, Ga. (asset size $115 M) have purchased its Compass Internet Banking Platform(TM), further strengthening the company's Southeastern presence. The Compass implementation brings customers at Citizens Bank of Carthage and First Bank online banking for the first time and replaces the Commercial Banking Company's existing ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). system. "Community bank customers should expect the same conveniences big banks offer their customers, and having an online presence allows us to compete," said Miller Couse, president, First Bank. "Compass made Internet banking a reality because it's cost effective, easy to own and operate and gave us greater control over customer information." Once implemented, the Compass Internet Banking Platform provides banks with routine online banking services to customers including viewing statements and check images. Compass creates a business-critical Internet presence, while securely managing customer information and relationships. Compass's integrated software Separate software components or applications that have been combined into one package. See integrated software package. enables Web-based retail banking, bill payment, bill presentment See EBPP. and marketing support, all from one platform. The three banks also expect increased activity in commercial accounts with the introduction of the online business banking module. "The value proposition Beacon offers with in-house Internet banking is a better fit for community banks and their customers," said Charles Potts Charles Potts (born August 281943) from Walla Walla, Washington is an American, projectivist poet, and was once mentored by Edward Dorn. Bibliography Books:
Unlike widely used ASP-based Internet banking systems, which charge toll fees every time a customer completes a transaction, the in-house approach gives banks control over customer information and costs. Compass empowers banks to increase adoption rates and recruit online customers with a set payment structure and its built-in marketing support. "Growing the online side of our business made no sense when we considered the exorbitant usage fees charged by our previous ASP provider," said Denise Dickey, information technology manager, Commercial Banking Company. "Bringing the system in-house allows us to save money while increasing our online customer base." Beacon Software launched its Compass Internet Banking Platform in the fall of 2003 with implementation in six Southeastern banks to-date. About Beacon Software, Inc.(TM) A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Atlanta, Beacon Software, Inc. is a leading developer of Internet banking technology for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Through its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Compass Internet Banking Platform(TM), Beacon delivers an enterprise-wide software solution that enables financial institutions to create a Web banking presence, optimize optimize - optimisation operational efficiencies, and better manage customer relationships. The first of its kind as an in-house, integrated and fully scalable platform, Beacon Software's Compass offers community banks and credit unions more features, flexibility, security and control than any other online banking application in its class. Learn more about Beacon Software and the Compass Internet Banking Platform by calling 404-255-5847 or online at www.beaconsoft.net. |
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