Cape Cod Bank and Trust Partners with Politzer & HANEY to Target Silicon Sandbar Businesses; Bank Will Offer Internet-Based Cash Management Services on Outsourced Basis.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Dec. 20, 2000 As more and more high tech companies set up shop on Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. , the region is earning the reputation as the Silicon Valley of the east. These "Silicon Sandbar sandbar or offshore bar Submerged or partly exposed ridge of sand or coarse sediment that is built by waves offshore from a beach. The swirling turbulence of waves breaking off a beach excavates a trough in the sandy bottom. " businesses will conduct their cash management transactions over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , thanks to a partnership between Yarmouth, Mass.-based Cape Cod Bank and Trust (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 :CCBT CCBT Comprehensive Cognitive Behavioral Therapy ) and Politzer & HANEY. The bank, a Politzer & HANEY customer since 1990, will offer Politzer & HANEY's Web Cash Manager(TM) cash management product to its business customers. The bank plans to launch its Internet banking services during the first quarter of 2001 to current commercial customers, municipalities and others who want the efficiencies of Internet-based banking services. Cape Cod Bank and Trust joins a growing legion of Politzer & HANEY customers offering Web Cash Manager on an 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. basis through Politzer & HANEY's partnership with NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. . Politzer & HANEY has experienced a 192 percent growth rate in subscriber transactions with its Web Cash Manager product line. Small-, mid-, and large-sized business customers of banks throughout the U.S. used Web Cash Manager to process nearly 600,000 transactions as of September 30. "We believe demand for Internet-based services will only increase as more and more customers realize the Web is a secure and easy method of conducting their transactions," said Dave Hammett, vice president of Electronic Banking at CCB&T. "I have complete confidence in our relationship with Politzer & HANEY as demonstrated by our long history. Politzer & HANEY has proven it can offer an excellent product, increasing functionality as our clients' financial service needs expand. And, the pricing made outsourcing our best option." "For years, beginning with our DOS and Windows-based products, we have helped Cape Cod Bank and Trust provide its customers with full-service computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. banking options," said Ralph Dangelmaier, senior vice president, sales and marketing at Politzer & HANEY. "Our partnership with NCR Corporation means institutions like Cape Cod Bank and Trust can help their customers quickly migrate to the Internet from DOS- and Windows-based systems. It's a win for their customers through enhancing services and a win for CCBT because it can capture more opportunities through targeting more markets." About Cape Cod Bank & Trust Cape Cod Bank and Trust Company, N.A. is a subsidiary of CCBT Financial Companies, Inc., a bank holding company with total assets of $1.334 billion on September 30, 2000. It owns CCB&T Brokerage Direct and a majority interest in Murray & MacDonald Insurance Services, Inc. With 28 branches located throughout Cape Cod, the Company offers a complete range of financial products and services, including deposit services, loans, municipal services This article or section deals primarily with the United Kingdom and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, trust, investments and retirement services to individuals, municipalities and businesses. To find out more about CCBT Financial, visit www.ccbt.com. About Politzer & HANEY Since establishing its presence in 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 in 1983, Politzer & HANEY has grown to be a market leader with the most in-production Internet installations for corporate banking clients. More than 300 financial services institutions have selected Politzer & HANEY DOS-, Windows-, and Web-based products to support their customer relationships, corporate sales and competitive position within the marketplace. Politzer & HANEY is headquartered in Newton, Mass. Additional information can be found on the Web at www.ph.com, or by calling 617.796.7700. |
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