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Open Solutions Announces Seven New Financial Institution Clients to Install e-Commerce Banker for Internet Banking and Cash Management.

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Current Customers Add Fraud Prevention, ACH and Electronic Statements

The e-Solutions Group, a provider of comprehensive Internet banking and cash management solutions and a strategic business unit of Open Solutions Inc., announced seven new contracts with the e-Commerce Banker(TM) (e-CB) product suite. In addition, nine institutions already using the e-CB suite of products purchased add-on modules.

Mike Middleton, President and CEO of Community Bank of Tri-County in Waldorf, Maryland, said, "The e-Solutions Group platform opened a world of service opportunities for us from new product rollout to bolstering our effectiveness at the point of sale. Expanding our cash management and electronic commerce offering was always a part of our strategic plan and the e-Commerce Banker application allows us to leverage opportunities with small businesses that are presented from our retail banking activities. With The e-Solutions Group, we are using technology to build on what we have always had."

Other institutions that purchased the e-Commerce Banker solution in the second quarter of 2003 include Roxborough-Manayunk Bank in Philadelphia, PA; Farmer's & Merchants Bank of Rockford in Spokane, WA; La Capitol Federal Credit Union in Baton Rouge, LA; First Federal Savings Bank of Champaign-Urbana, IL; First National Bank of Suffield in Suffield, CT and AimBank Littlefield in Littlefield, TX.

"e-Commerce Banker is a key tool for progressive financial institutions," said David Mitchell, e-Solutions Group Vice President and Group Manager. "Aside from ease of use and flexibility, the various online services available via its modules are designed to ease much of the angst many institutions are experiencing in terms of fraud prevention, staying current with new ACH payment options and upgrading from paper to electronic bank statements."

"The variety of financial institutions contracting for the various modules of the e-Commerce Banker product suite continues to confirm that e-Commerce Banker is a flexible, market driven solution. We're pleased that The e-Solutions Group is able to assist both our client banks and credit unions in achieving their online retail and cash management objectives," said Marcell King, Vice President of Sales for The e-Solutions Group.

Open Solution's e-Commerce Banker(TM) is a secure and scalable Web banking solution that offers a financial institution's business and retail customers convenient access to their account information and transaction initiation needs 24 hours a day, seven days a week. Account holders can use any basic Web browser to access up-to-the-minute transaction history and balances, initiate bill payments, issue stop payments and transfer funds. Furthermore, business banking clients can use the strong cash management features of the solution to originate ACH transactions, initiate wire transfers, or manage positive pay files from any computer with Internet access.

Financial institutions already using e-Commerce Banker and selecting additional modules such as the e-Commerce Banker: Cash Management suite, Positive Pay, e-Statements, Intra-day reporting, QuickBooks interfaces, check image display include The National Bank of South Carolina in Sumter, SC; NewMil Bank in New Milford, CT; Evangelical Christian Credit Union in Anaheim, CA; American Bank in Allentown, PA; South Valley Bank & Trust in Klamath Falls, OR; State National Bank Big Spring in Big Spring, TX; Illinois State Police Federal Credit Union in Springfield, IL and MWABank of Rock Island, IL.

About The e-Solutions Group

The e-Solutions Group (e-SG), a strategic business unit of Open Solutions Inc., provides Web-based solutions for financial institutions. More than 100 community banks and credit unions take advantage of e-SG's product line that includes Internet banking, Web Cash Management, Account Aggregation and a portal platform. All solutions are modular, flexible and designed to keep financial institutions competitive and profitable.

About Open Solutions

Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications, built on a single centralized Oracle relational database, with Internet banking, cash management, electronic commerce, imaging, financial accounting and loan origination solutions. OSI's full suite of products and services is designed to allow banks, savings institutions and credit unions to better compete in today's aggressive financial services marketplace, expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions, or its financial product line, contact Mickey Goldwasser at 860.652.3153, via fax at 860.652.3156, or email Visit OSI's Internet site at
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 4, 2003
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