Dai-Ichi Kangyo Bank of California to Offer Internet Business Banking Services Through Magnet Communications ASP.Business Editors ATLANTA--(BUSINESS WIRE)--Aug. 7, 2000 Asia-focused business customers enabled to bank from anywhere in the world Magnet Communications, Inc., a provider of Web-based cash management, business banking and e-commerce solutions to financial institutions, announced today an agreement enabling Los Angeles-based Dai-Ichi Kangyo Bank The Dai-Ichi Kangyo Bank, Limited (株式会社第一勧業銀行 of California to offer Internet business banking services for the first time via Magnet's application service provider, the Magnet Outsource Service (MOS (1) (Metal Oxide Semiconductor) See MOSFET. (2) (Mean Opinion Score) The quality of a digitized voice line. It is a subjective measurement that is derived entirely by people listening to the calls and scoring the results from ). The addition of Magnet's Internet Banking Suite improves DKB DKB Dürener Kreisbahn (German) DKB Dresdner Kleinwort Benson DKB Dancers Kick Butt DKB Daichi Kaigin Bank DKB Device Key Block of California's offering to its business customers by adding Internet-based balance reporting, book transfer, stop payment, wire transfers, Automated Clearing House See ACH. transactions, lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. , positive pay, money market, ERD and controlled disbursement Controlled disbursement A service that provides for a single presentation of checks each day (typically in the early part of the day). . "As a global financial institution, our customers appreciate the freedom that Internet banking enables," said DKB of California Executive Vice President Hiroko Tatebe. "The addition of Magnet's Internet Banking Suite of services provides our business customers with the full power of the Internet without sacrificing the personal service for which we are known." DKB of California is a subsidiary of Japanese multi-national The Dai-Ichi Kangyo Bank, Ltd., which operates a global network of 65 offices in 43 cities throughout 29 countries around the world. DKB of California serves as a local, national and international business bank, specializing in serving companies who do business in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . "Dai-Ichi Kangyo Bank of California's internationally-focused clientele will now be able to access their business accounts from anywhere in the world that they can access the Internet," said Magnet Vice President of Marketing Maggie Scarborough. "And as DKB of California continues to grow, their ASP implementation allows us to quickly manage this growth, along with changing needs and technology." About Magnet Communications Magnet Communications, the Internet Business Banking Authority, was founded in 1995 and is the premier provider of secure electronic solutions for leading financial institutions. Magnet is an application service provider of Internet cash management, business banking, image delivery and e-commerce products through its Magnet Outsource Service (MOS). It also provides a full array of commercial banking solutions for in-house implementation as well as consulting and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. through its Magnet-IC4 division. For more information regarding Magnet Communications or its products and services, please visit www.magnetbanking.com or contact Magnet at 404-892-9300, or via email at sales@magnetbanking.com. Magnet Internet Banking Suite, iPortBiz, and Magnet-IC4 are trademarks of Magnet Communications, Inc., Atlanta, Georgia. |
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