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Commerce Bank & Trust Company Selects Proven Aurum Solutions to Support Expansion Strategy.


Business Editors/High-Tech Writers

PLANO, Texas--(BUSINESS WIRE)--Jan. 14, 2004

$1Billion 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.
 ITI (Information Technology Industry Council, Washington, DC, www.itic.org) Formerly the Computer and Business Equipment Manufacturers Association (CBEMA), founded in 1916. ITI is a membership organization composed of approximately 30 large high-tech companies.  User Converts to Aurum au·rum
n.
Gold.



aurum

[L.] gold (symbol Au).
 Outsourced Solution

to Gain Maximum System Benefits; Adds ATM and

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
 Banking Capabilities

Aurum Technology(R), a leading provider of open and integrated technology-based solutions for Community Banks, Credit Unions and Savings Institutions, today announced that Worcester, Massachusetts-based Commerce Bank & Trust Company has signed a multi-year agreement to outsource its core processing systems, ATM network and Internet banking solutions. Founded in 1955, the $1 billion institution currently services 76,000 retail and commercial accounts with 11 branches throughout Central Massachusetts Massachusetts (măsəch`sĭts), most populous of the New England states of the NE United States. . Commerce Bank & Trust Company will leverage Aurum's outsourced solution to optimize optimize - optimisation  its use of the Premier technology platform as the bank expands its products, services and facilities to support its long-term business objectives.

"For nearly 50 years, we've dedicated ourselves to serving the growing 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.
 needs of both our retail and commercial customers, providing a positive, personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 banking experience to each in the process. To help us successfully build on this legacy, we seek out business partners that share our passion for superior service and commitment to the customer," said Jay Olin, chief executive officer for Commerce Bank & Trust Company. "Our new relationship with Aurum will enable us to leverage their proven solution approach and extensive banking expertise to maximize not only our technology capabilities, but the products and services we can deliver to our customers that result from the effective use of technology."

The bank's 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.  conversion is scheduled for March 2004, when it will migrate from its current in-house ITI technology environment to an Aurum-provided outsourced solution. In addition, Aurum will provide opportunities for Commerce Bank & Trust Company to leverage solutions-based processing to maximize the institution's use of the ITI Premier system. The bank will also implement Aurum's integrated solutions for ATM processing, network management and personal and business Internet Banking.

"Aurum offered us a compelling case to move from in-house to outsourced ITI core processing," says James R. Belliveau, chief information officer for Commerce Bank & Trust Company. "By leveraging their deep knowledge of ITI and their solutions-based approach to our processes, we can get the most from our existing technology platform. And through implementation of Aurum's advanced ATM and Internet Banking solutions, we can quickly offer our customers the additional benefit of comprehensive and integrated self-service banking."

"There are a lot of very good technology providers in the market right now," said Mike Hill, senior vice president of Aurum Technology's community banking services group. "But the key to Aurum's continued momentum and success is the superior level of service we wrap around our technology-based solutions - the value of which was clearly recognized by both the business and the technology leaders within Commerce Bank & Trust Company. We look forward to helping Commerce Bank optimize both its current and future technology investments, providing them with the assurance that their IT operations will be there to support Commerce Bank's commitment to delivering the highest level of service to their customers - today and well into the future."

About Aurum Technology Inc.

Aurum Technology Inc. provides open and integrated information technology-based solutions to the financial services industry, with capabilities ranging from Core Solutions to eBanking to Check Imaging to Business Intelligence. Using its more than 30 years of experience and proven suite of products and services, Aurum provides Community Banks, Credit Unions and Savings Institutions with the means to increase efficiencies, grow market share and fortify for·ti·fy  
v. for·ti·fied, for·ti·fy·ing, for·ti·fies

v.tr.
To make strong, as:
a. To strengthen and secure (a position) with fortifications.

b. To reinforce by adding material.
 customer and member relationships. With a nationwide network of 25 image item processing centers and 1,400 professionals, Aurum serves more than 1,100 customers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , including many of the financial industry's highest performing institutions. More information is available at www.aurumtechnology.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 14, 2004
Words:618
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