Time Warner Cable's Full Service Network to launch interactive banking services; customers will have access to Barnett Bank from home.
When the FSN was launched in December 1994, it was announced that many new services were being developed in addition to its initial services, which included movies on demand, shopping, and games. Customers will soon have the convenience of banking at home, using their television set.
Barnett Bank customers will access their account by entering the Services venue on the network's Carousel(tm) navigation system.
In many ways it's like having a branch bank at home, FSN/Barnett Bank customers can check their balances, view statements, transfer funds and pay bills by using their television. In addition, anyone can navigate through Barnett Town. Each building in the town offers full motion video information on other available banking services and products such as consumer loans and investments. Future services will include the ability to receive and pay bills directly through the television.
All Barnett banking services will be free to FSN users who are customers of Barnett Bank. All customer banking information and data will reside with Barnett Bank. The data is enclosed, encrypted and secured in a closed, proprietary operating system.
"We believe that our customers will find the Barnett Bank service to be easier to use than other interactive banking services they might have seen on the Internet," said Jon Palmer, Chief Retail Banking and Technology Executive. "Interactive television is a very powerful new medium for presenting our products and services to customers and prospects alike."
"The primary benefits of the FSN have always been greater choice, convenience, control, and customization of their television viewing," said FSN President Tom Feige. "We have enabled our customers to use their television, not just watch it. We believe the banking services we have announced today will add tremendously greater value to those benefits."
Time Warner Cable's Full Service Network is a digital, interactive television network that provides subscribers in Orlando with on-demand access to a variety of entertainment and informational services. The Full Service Network is integrating the technologies from the cable, computer, and telephone industries to provide interactive television and telephony.
Time Warner Cable is the nation's second largest cable television operator, currently serving 10 million customers in 37 states. After the closing later this year of the Cablevision Industries acquisition, the company will serve 11.5 million customers. It is a unit of Time Warner Entertainment, L.P.
With $41 billion in assets, Barnett Banks Inc. is the leading financial institution in Florida and ranked in the top 25 in the United States. The company provides a complete line of banking and related financial services to consumers and businesses. Barnett stock (BBI) is listed on the New York Stock Exchange.
CONTACT: Time Warner Cable Full Service Network, Orlando
John Strickling, 407/667-2043
Barnett Banks Inc., Jacksonville, Fla.
Jerri R. Franz, 904/791-5455
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|Date:||Nov 29, 1995|
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