Compass teams up with Microsoft for on-line banking.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--July 17, 1995--Making its second major home computer banking announcement in as many business days, Compass Bank is teaming up with Microsoft to offer all its customers full-service banking through personal computers. This fall, Compass customers who choose the service will be able to access their bank accounts through a personal computer and modem using Microsoft Money Microsoft Money is Microsoft's personal finance software for computers using the Microsoft Windows operating system. A version is also available for Windows Mobile (available for Money versions 2000-2006, and up to, but not including Windows Mobile 5.0). for Windows 95 personal financial software. New services available through online banking will include 24-hour direct access to checking and savings accounts Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: , electronic bill paying, check printing, credit cards, lines of credit, transfers, automatic reconcilement of account balances, budgeting, investment tracking and stock quotes. "Microsoft is the world's largest software company. Working together, we will offer Compass customers state-of-the-art technology paired with our first-rate customer service," Compass chairman and chief executive officer D. Paul Jones Paul Jones can refer to:
"More and more of our customers are using personal computers, in their homes and businesses, and this new service allows them convenient access as well as extraordinary control and organization of their finances." Matt Cone, product manager for Microsoft, stressed the ease of using Microsoft Money for Windows 95. "The graphics and software design will allow new users to quickly organize their finances and pay household bills. Microsoft Money for Windows 95 will appeal to the majority of consumers who are not currently users of personal financial software." Additional details about the service including applications and feeds will be announced closer to the start-up date. Compass Bank is a subsidiary of Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. , Inc., a $9.7 billion bank holding company with 188 offices in Alabama, Florida and Texas. Compass reported record earnings of $52.1 million in the first six months of 1995, and has a capital base of $652 million. Shares of the company's common stock are traded through 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 national market system under the symbol CBSS CBSS Council of Baltic Sea States CBSS Craft and Boat Support System CBSS Coastal Border Surveillance System (MSSC) CBSS Closed-Breach Scavenging System (compressed air system for removing smoke from tank gun tubes) . CONTACT: Compass Bancshares, Inc., Birmingham Ellen Laden, 205/933-3554 |
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