Home Financial Network, QuickQuote Form Strategic Alliance.--(BUSINESS WIRE)--Oct. 8, 1996-- Partnership to Develop PC & 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 Software to Deliver Insurance Products To Home Banking Customers of Financial Institutions Home Financial Network, Inc., (HFN HFN Human Factors North, Inc. HFN Human-Friendly Naming HFN Hastily Formed Network (Naval Postgraduate School, Monterey, CA) HFN Hyper Frame Number ) and QuickQuote Insurance Agency, Inc., today announced the formation of a strategic partnership to develop a series of PC and Internet-based software applications that provide banks and other financial institutions with a way to offer insurance and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. products to their home-banking customers. HFN's bank-branded Home ATMT ATMT Advanced Targeted Marketing Technology software will link with QuickQuote's FiCom Network to let bank customers get free comparative price quotes, submit on-line applications and review underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. status reports. HFN's easy-to-use Home ATM interface -- coupled with QuickQuote's powerful back-end quoting and case management engine -- makes it simple for bank customers to receive free comparative rate quotes for insurance. Consumers will have an opportunity to learn more about a selected policy and to electronically submit an application for underwriting. This process is entirely accomplished from the comfort and privacy of the consumer's home. Banks distributing HFN's PC and Internet-based software can now give their customers access to QuickQuote's entire database of more than 30 term life and annuity companies (all "A-rated" or better by A.M. Best), or any customized version of the database they choose. QuickQuote and HFN additionally plan to introduce other forms of life insurance, health coverage and home and auto coverage in the near future. "Our partnership with QuickQuote broadens the portfolio of products and services that banks can deliver directly to their customers through the venue of their personal computers," said Daniel M. Schley, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Home Financial Network. "It supports our objective to preserve, protect and enhance the relationship that a bank has with its customers." "We are particularly pleased to form this partnership with the industry leader for delivering insurance products to the customers of banks and other financial institutions," said Andrew C. Bangser, Vice President of Insurance Products at HFN. "By integrating QuickQuote's quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. and application engine with our customer-preferred Home ATM software, we can now increase banks' opportunities to expand the revenue they derive from insurance sales." This opportunity is especially exciting for two reasons," said QuickQuote President Daniel P. Wager. "First, Home Financial Network has developed the best PC-online system for the mass marketplace. Second, they have the first banking system in the industry that allows a non-Internet customer access to an Internet-driven database." About Home Financial Network HFN is a leading developer of PC software and Internet applications that enable financial institutions to deliver private-branded electronic 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. to their customers at home. The company's Home ATMT product line takes the universal experience of an ATM and transfers it to the consumer's desktop at home. Program screens look and work just like the typical ATM that consumers already know how to use, and are fully customized to reflect the banks' proprietary brand and brand image. Home ATM Banking provides consumers with a wide range of account management and transactional capabilities, including account look-up, statement retrieval, balance inquiry, and funds transfers between accounts. With advances in smart card technology, consumers will soon be able to perform the most important task of all: retrieving "electronic cash" directly from their personal computers. Home ATM Bill Pay allows consumers to pay all of their bills quickly, efficiently and hassle Hassle () is a location in Närke, Sweden, where a Celtic treasure was found in 1936. It comprises a large bronze cauldron which contained two Bronze Age swords of the Hallstatt type, a pommel of bronze, two bronze buckets with free. Unlike high-end personal finance programs, which force consumers to perform a laundry list laundry list A popular term for a long list of Sx, diseases, or etiologies that share something in common–eg, differential diagnosis of acute abdomen of time-consuming tasks such as budgeting, income and expense tracking and account reconciliation as part of the bill payment process, Home ATM Bill Pay's singular SINGULAR, construction. In grammar the singular is used to express only one, not plural. Johnson. 2. In law, the singular frequently includes the plural. focus is getting one's bills paid as quickly as possible with no fuss. It's elegant user interface and visual metaphors make electronic bill payment as easy as writing a check--but ten times faster. In addition to the insurance products announced today, future Home ATM products under development and due for release in 1997 include Home ATM Loans and Home ATM Brokerage. About QuickQuote QuickQuote developed the Internet's first "interactive" insurance and annuity comparison service in July 1995. The technology company is also a full-service insurance agency and is licensed to distribute life insurance products throughout the U.S. The company's FiCom Network division provides customized, online insurance services programs for the exclusive use of financial institutions throughout the U.S., including banks, credit unions and financial services companies. In addition to Home Financial Network, the FiCom Network's client list includes First Union Bank, First Chicago NBD NBD Next Business Day NBD National Bank of Dubai (United Arab Emirates) NBD No Big Deal NBD Network Block Device (Linux) NBD Nucleotide Binding Domain NBD New Business Development , Hughes Aircraft Hughes Aircraft Company was a major aerospace and defense company founded by Howard Hughes. The group was based near Ballona Creek, in Culver City, California, USA, on the Pacific Coast. Hughes Aircraft was acquired by General Motors in 1985. Employees Federal Credit Union and Security First Network Bank. CONTACT: Home Financial Network Tom Dittrich, 203-341-7403 Mira Genser, Brodeur & Partners, 617-622-2844 or QuickQuote Debra Wager, 702-831-2404 |
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