USCS International Announces Contract to Provide Complete Statement Processing Services to NationsBanc Montgomery Securities.RANCHO CORDOVA Rancho Cordova (răn`chō kôrdō`və), uninc. residential city (1990 pop. 48,731), Sacramento co., N Calif. A suburb of Sacramento, it experienced rapid growth in the late 20th cent. , Calif.--(BUSINESS WIRE)--Feb. 3, 1998-- Multi-Year Agreement Provides Investment Bank/Brokerage Firm With Higher Quality Statements, Improved Efficiencies, Ability to Offer Customers a Selection of Statement Presentations USCS USCS United States Code Service USCS United Sprint Car Series (auto racing) USCS United States Customs Service USCS Unified Soil Classification System USCS University of South Carolina Spartanburg USCS Universal Ship Cancellation Society International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :USCS) today announced that its International Billing Services (IBS IBS Irritable bowel syndrome, see there ) subsidiary has signed a multi-year contract with NationsBanc Montgomery Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (NMS See NetWare Management System. ), a subsidiary of NationsBank Corporation (NYSE NYSE See: New York Stock Exchange :NB), to provide complete statement processing services. These include fully automated statement production, statement design and electronic presentment. Under the terms of this agreement, IBS will re-architect NMS' statement production process to fully automate and improve the quality of NMS' statements and the efficiency of the production process. IBS will also redesign NMS' statements to provide clients of the full-service investment bank and brokerage firm more comprehensive account information in a user-friendly format. The first IBS-produced paper statements will be distributed in March. NationsBanc Montgomery Securities LLC has also elected to utilize IBS' Electronic Billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
MSFDC Microsoft and First Data Corporation , CheckFree, Intuit and others. Also included as part of this agreement, NMS will utilize an Enhanced Statement Viewing option that IBS developed with TASC TASC The After School Corporation TASC The American Surrogacy Center TASC Treatment Accountability for Safer Communities TASC The Analytic Sciences Corporation TASC Transportation Administrative Service Center TASC Total Administrative Services Corporation , Inc. This option will allow NMS' client service representatives to quickly retrieve exact electronic images of client statements, improving their ability to respond to client inquiries and provide superior client care. "We evaluated our options for statement processing with an eye toward improving the quality of our statements, enhancing the strategic value they provide our clients and increasing the options our clients have for receiving and viewing the information, said Charles R. Brama, Chief Operations Officer of NationsBanc Montgomery Securities LLC. "We also wanted to improve the efficiency of our statement production. IBS' powerful, automated statement processes will allow us to accurately provide our clients with the information they need -- and through the delivery method they prefer -- to more easily manage and maximize their use of our services." "NationsBanc Montgomery Securities is one of the country's foremost investment banking firms, and we are delighted to have been chosen as their statement processing services provider," said Randy Lintecum, president of IBS. "This contract illustrates the success we are having in our efforts to bring state-of-the-art statement processing solutions to a wide range of industries, including cable television, cellular telephone, landline telephony, express delivery services, utilities and financial services. We are pleased that leading-edge companies in each of these areas are recognizing the strategic value of our world-class statement processing technologies." NationsBanc Montgomery Securities LLC, a subsidiary of NationsBank Corporation, is a full-service investment bank and brokerage firm with approximately $800 million of regulatory capital. The company provides research, trading and issuance in the equity and fixed-income markets (high-yield, emerging markets, high grade and mortgage-backed markets). Other services include M&A advisory, financial buyer coverage, loan syndications, global investment banking, real estate finance, mortgage finance, money markets and the primary dealer. NationsBanc, NMS clients can also access products and services that include senior bank debt, bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. , real estate banking, treasury management, trade finance and risk management (derivatives products and foreign exchange). NMS is a registered broker-dealer with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . NMS employs more than 2,200 investment professionals. International Billing Services is the leading provider of complete statement processing solutions for the communications industry and is a USCS International company. USCS International offers customer management software and statement processing solutions to the global communications marketplace. In the United States, the company currently serves 58 percent of all cable television subscribers, 39 percent of all cellular telephone subscribers and 11 percent of all landline telephone subscribers. USCS International's clients include providers of cable television, wireless and landline telephony, direct broadcast satellite and multiple communications services in the United States and 20 other countries. More information on USCS can be found at www.uscs.com. CONTACT: USCS International, Inc. Linda Cutler, 916/636-5861 lcutler@uscs.com or Morgen-Walke Associates, Inc. Jim Byers/Carolyn Bass/Doug Sherk, 415/296-7383 Vince Daniels/Deborah Szajngarten, 212/850-5600 |
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