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Synergent Chooses Digital Dialogue.


Business Editors

TAYLOR, Mich.--(BUSINESS WIRE)--April 19, 2001

Maine Credit Union League A credit union league (League) is a United States state-level trade association for credit unions, which are non-profit financial cooperatives. Credit union leagues hold a primary interest in the Credit Union National Association (CUNA).  subsidiary enters reseller

agreement with Internet-based call center

Digital Dialogue, an Internet-based multi-channel call center that enables credit unions to provide members 24-hour lending services with immediate loan decisions, today announced that it has entered a strategic marketing agreement with Synergent Corp., a subsidiary of the Maine Credit Union League, Westbrook, Maine Westbrook is a city in Cumberland County, Maine, United States. The population was 16,142 at the 2000 census. Originally part of Falmouth, the settlement once known as Saccarappa was incorporated as Stroudwater in 1814, but soon changed its name to Westbrook, after an early .

"Digital Dialogue allows us to outsource the entire lending process, up to the signature required on paper, with approvals arriving in seconds," said Gary Glenn, IT vice president of Synergent, "The Digital Dialogue alliance is one more service to strengthen our commitment to our credit unions. The costs of implementing a 24-hour call center and Internet lending system with automated decisioning is typically cost prohibitive to individual credit unions. However, Digital Dialogue enables the credit unions to offer the same capability anytime through various methods. There are minimal up front fees and low transaction costs Transaction Costs

Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it).
, eliminating much of the capital expenditures and risks for participating credit unions."

According to according to
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2. In keeping with: according to instructions.

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 Glenn, "One of the most appealing features of the service is derived from the convergence of the Internet and the call center. This service helps alleviate the high abandonment rate in the Internet lending market by providing online chat and voice over IP service to the members. Additionally, the call center lending agents immediately place outbound phone calls to members submitting incomplete applications for conversion." Digital Dialogue has historically converted 25 percent of their partial applications to completed applications.

Synergent provides a full array of online data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , credit, ATM and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  processing, check processing, and printing and creative services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
  • Design and Production agencies
 for more than 100 credit unions throughout New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. .

"Our alliance agreement allows Digital Dialogue to develop an interface to Synergent's host system, which enables the Internet lending system and our lending agents to act as a virtual call center for the institutions," said Peter Schmitt, COO of Digital Dialogue. "When a call is originated or an Internet application is started, the member's account information is downloaded for application pre-population and agent cross-selling. Once the application is completed, credit information retrieved and the application is decided upon, the information is automatically uploaded to the host for immediate use by the credit union staff."

About Synergent

Established in 1971 as MECUL Services Corp. Synergent provides a full array of online data processing, credit, ATM and debit card processing, check processing, and printing and creative services for more than 100 credit unions throughout New England. For more information, visit www.synergentcorp.com.

About Digital Dialogue

Digital Dialogue is a joint venture between Dialogue Marketing, an award winning call center, and The Maxxar Corp., a well-respected computer telephony integration Computer Telephony Integration - Computer Telephone Integration  (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) development company with more than 2,000 installations. Digital Dialogue provides financial institutions with high levels of customer and member service using the latest Internet and telephony technologies. The business responds to consumers' rapid adoption of multiple communication channels available 24 hours each day. For more information visit www.digital-dialogue.com
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 19, 2001
Words:503
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