National InterBank and InfoSpace Announce Agreement To Offer Private-Label Online Banking Services.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Jan. 30, 2001 National InterBank in·ter·bank adj. Relating to, involving, or connecting two or more banks: interbank borrowing; an interbank network of automated teller machines. , the leading provider of private-label banking for financial institutions, Internet businesses and affinity groups A special interest group. This is a marketing term for a group of people with similar interests. , has entered into an agreement with InfoSpace, a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms, to deliver branded banking centers for partners within the InfoSpace affiliate network An affiliate network acts as an intermediary between publishers (affiliates) and (merchant) affiliate programs. It allows publishers to find affiliate programs, which are suitable for their website and it helps websites offering affiliate programs reach its target audience. . National InterBank's private-label services for partners includes FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured high interest checking, money market, and certificate of deposit accounts, a credit card center, a loan center, free on-line bill payment, account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. and the recently announced Internet Funds Transfer Service (IFTS IFTS Information Fair Trader Scheme (UK) IFTS Institut de Formation Technique Supérieur (France) IFTS I'll Follow the Sun (Beatles song) IFTS Integrated Federal Telecommunications System ). The initial deployment of the partnership launches this week with the Silicon Investor Banking Center. Silicon Investor (http://www.siliconinvestor.com), is a personal finance discussion and information platform powered by InfoSpace. "Our partnership provides InfoSpace with the ability to add private labeled online banking and account aggregation to the host of services they currently offer their partners," said J. Randall Waterfield, Co-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 National Interbank, "The relationship also provides National InterBank with access to multiple channels to offer our products and services to new customers." Under the agreement, InfoSpace will include National InterBank's online banking infrastructure as part of its platform of offerings to wireless and broadband partners. "National InterBank's private-labeled banking services are a strong addition to the extensive product offering InfoSpace delivers to its vast affiliate network of partners," said Charles Stubbs, InfoSpace vice president, consumer business development. "Silicon Investor's launch showcases these services and their benefits to potential partners." About National InterBank National InterBank, www.nationalinterbank.com, is the nation's premier provider of private-label banking infrastructure technology for associations, affinity groups, and financial institutions. National InterBank's products and services enable clients to offer and seamlessly deliver a full range of 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. under their own brand name directly to their users, as well as increasing customer interaction and enhancing brand loyalty. National InterBank is a division of The First Bank of Mitchell, a federally-chartered institution. All accounts are insured through the FDIC, up to $100,000 per customer. For more information, visit the company at www.nationalinterbank.com. |
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