Commonwealth National Bank Deploys Politzer & Haney Suite for Web-Based Cash Management.Business Editors/High-Tech Writers NEWTON, Mass.--(BUSINESS WIRE)--Nov. 22, 2002 Commonwealth National Bank, based in Worcester, Massachusetts, is in production with Politzer & Haney's Web Cash Manager 6.0. They have deployed this offering in the outsourced environment, through P&H's business alliance 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. . With P&H's Web Cash Manager 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. service, corporate customers use industry-standard browsers to access their bank. There is no software resident on the corporate customer's PC, and software distribution and support are eliminated. There is no installation on the bank's part, and start-up time and activities are minimized. As new functionality is introduced, the software is installed directly on the servers, reducing costs and implementation time for both the bank and its customers. Sheila Talman, Vice President of Corporate Cash Management Development for Commonwealth National, said "During the selection process Commonwealth National was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a partner that would offer the best possible solution for our customers within a relatively short implementation time frame. P&H's Web Cash Manager product was just what we were looking for: the latest in technology in an outsourced environment with a knowledgeable customer support team. We have had a very positive experience and look forward to a long relationship." "Outsourcing gives community banks like Commonwealth National quick access to big bank technology for a fraction of the cost," said Ralph Dangelmaier, President of Politzer & Haney. "Commonwealth National will accelerate the delivery of Web Cash Manager to its customers, while reducing the time and financial resources allocated to new product development." About Commonwealth National Bank Commonwealth National Bank is the first new bank to open in the Worcester area in more than 15 years. Opened in December 2001, Commonwealth offers customers a traditional banking experience with high levels of 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. service, including extended business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a and Internet banking options. Commonwealth National Bank shares are listed on the 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 Stock Exchange under the symbol CWEA CWEA California Water Environment Association CWEA Chinese Wind Energy Association (Beijing, China) CWEA Civil War Education Association CWEA Caution and Warning Electronic Assembly (NASA) . Local firms that make a market for Commonwealth's common stock include Carl P. Sherr and Company in Worcester and Advest Company in Boston. About Politzer & Haney Politzer & Haney, the only cash management vendor with 20 years of experience, was one of the first in the market to develop a Web-based cash management product. The next generation of Web Cash Manager is the P&H Web Cash Manager Suite with its J2EE-compliant CorPoint technology, designed to maximize flexibility, scalability, reliability and recoverability. With the industry's largest installed base, the P&H Web Cash Manager Suite is the only software of its kind with the functionality and adaptability that enable financial institutions of all sizes to uniquely package products and services for their market segments, or even individual customers, on one function-rich, flexible platform. Using industry standard browsers, end-user clients access an integrated suite of electronic cash management products, including Information Reporting, ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to Origination, Wire Transfer, and Disbursement/Image services. The P&H Web Cash Manager Suite provides an infrastructure to integrate other products and services offered by financial institutions. This allows financial institutions to reduce costs by migrating their legacy systems to one platform. The P&H Suite is currently in production with over 100 customers, ranging from the largest financial institutions (including Allfirst, AmSouth, Bank One, Citibank, J.P. Morgan Chase, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. ) to smaller regional financial institutions. Politzer & Haney is headquartered in Newton, Massachusetts The City of Newton in Middlesex County, Massachusetts, is an important residential suburb of Boston, which abuts it on the east. According to the 2000 census, the population of the Newton was 83,829, making it the tenth largest city in the state. , with offices in nine other states. Additional information can be found at www.ph.com, or by calling 617-796-7700. Politzer & Haney, P&H Web Cash Manager Suite and CorPoint are trademarks of Politzer & Haney, Inc. |
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