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Internet Banking Available to SHAZAM Customers Nationwide.


AUSTIN, Texas--(BUSINESS WIRE)--April 1, 1999--SHAZAM, the Midwest ATM and electronic funds transfer See EFT.

(application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape.
 services provider, has signed a five-year contract with the FundsXpress Financial Network to provide its financial institutions secure, affordable and easy access to Internet banking services. This exclusive agreement will offer SHAZAM's 1,350 financial institutions and 3.6 million debit cardholders access to convenient Internet banking services through their product, BillPayer.

In partnership with FundsXpress, SHAZAM SHAZAM Solomon, Hercules, Atlas, Zeus, Achilles, Mercury (Captain Marvel's Elders)
SHAZAM Selena, Hippolyta, Ariadne, Zephyrus, Aurora, and Minerva (Captain Marvel comics, deities that supported Mary Marvel) 
 will extend state-of- the-art technology that will allow a financial institution's banking customers reliable, secure banking services through the Internet 24 hours a day, 7 days a week. A bank customer whose financial institution is a member of the SHAZAM ATM network can now conduct bill payment, account balance inquiry and funds transfers from any computer, anywhere, anytime of day.

"The partnership with FundsXpress supports our commitment to deliver the most innovative and timely electronic financial services to our partner institutions," SHAZAM Senior Vice President Chris Thomas said. "We are excited to provide our customers with the very latest in secure, reliable Internet banking."

In addition to the banking services available through SHAZAM's BillPayer, the FundsXpress Financial Network also provides financial institutions commercial account functions, cash management solutions, custom Web site development, and effective marketing and advertising campaigns.

"SHAZAM is an innovative organization that is focused on their customers, and that's what makes them a great partner in this industry," FundsXpress 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.  John A. Burns This article covers the Governor of Hawaii. For other people with the same name see John Burns (disambiguation)

John Anthony Burns (March 30, 1909–April 5, 1975) served as the second Governor of the state of Hawaii from 1962 to 1974.
 said. "Financial institutions can offer their banking customers secure, easy-to-access financial services through any computer, either at work or at home. In the near future, individuals will be able to manage all their day-to-day financial transactions through a computer. We're proud to be a part of the SHAZAM team."

About SHAZAM Inc.

SHAZAM Inc. is a member-owned and controlled network, providing worldwide electronic funds transfer (EFT) access and services to financial institutions of all sizes. Some services available include automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip.  (ATM), Point of Sale (POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
) and electronic benefits transfer (EBT EBT

See: Earnings Before Taxes
) services; Visa Check, Interlink, MasterMoney, and Maestro national debit products; credit cardholder card·hold·er  
n.
One who holds a card, especially a credit card.



cardhold
 and merchant services; and automated clearing house See ACH.  (ACH) services. SHAZAM services more than 2,800 ATMs and 13,300 POS terminals. With field offices in Arkansas, Illinois, Iowa, Kansas, Minnesota, Missouri, Oklahoma and Wisconsin, and nearly 1,350 participants, SHAZAM is one of the largest shared EFT networks in the Midwest.

About FundsXpress Financial Network

FundsXpress Financial Network currently provides secure and reliable Internet banking solutions to more than 160 financial institutions nationwide, who collectively serve approximately 6 million customers. FundsXpress Financial Network offers bank customers convenient access to their accounts, from anywhere in the world, at any time of day. With endorsements from various state banking associations, FundsXpress is the nation's premier provider of Internet banking services for community banks. The exclusive contract with SHAZAM will provide further banking convenience to individuals throughout the nation.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 2, 1999
Words:478
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