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1998 Press Releases
BISYS & nFront
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BISYS Teams With nFront to Provide Enhanced Internet Banking Solutions
-- BISYS to Market nHome to its 1,000 Community Bank Clients --
LITTLE FALLS, NJ (April 16, 1998) - BISYS (NASDAQ: BSYS)
announced today that it is teaming with nFront, Inc., a leading provider of
full-service Internet banking for community banks and winner of Microsoft's Best Internet Banking Solution Award,
as its exclusive Internet banking solution provider. Under the terms of an agreement,
BISYS will license and market nFront's flagship product, nHome™, to its more than 1,000 community
bank clients. BISYS will also convert its existing Internet banking clients to the nFront solution
to offer products and services over the World Wide Web.
"This initiative underscores our commitment to providing superior
technology and service to support our clients' specific needs in multiple delivery channels,"
noted Bill Neville, president of BISYS' TOTALPLUS division, which focuses exclusively
on the community bank market.
"In addition to its reliability, scalability and ease-of-use for both bank personnel
and end users, the nHome Internet banking solution offers financial institutions
of all sizes a valuable sales and marketing tool. Using nHome enables the
bank to capture and mine valuable customer data on its secure database for customer-specific marketing;
turning their web sites into highly successful revenue generators," Neville added.
"This agreement with BISYS, one of the nation's leading bank data processors,
is significant because it extends nFront's sales and marketing channel in order to more efficiently
and expediently satisfy the demands of the community bank market for reliable,
full-service Internet banking," said Tripp Rackley, president and CEO of nFront.
"nHome offers community banks a level of functionality previously reserved for the nation's largest
financial institutions at a price they can afford."
nHome, nFront's Microsoft NT-based Internet banking application, enables
banking customers to open new accounts, apply for loans, view account balances and
histories, pay bills, transfer funds, download images of cleared checks, customize reports, and
download active statements into personal financial management packages at anytime from any location
using any browser-enabled device such as personal computers and televisions. From the bank's
perspective, nHome allows the bank to expand its reach to a broader market, primarily composed of the most
profitable banking customers, while taking advantage of the least expensive delivery channel available today.
Because customers are afforded greater access to and control over their account information, the bank's customer service
overhead can ultimately be reduced. And, through the collection of data captured online, the bank can target specific customers
for more efficient and effective cross-selling and marketing campaigns.
The BISYS Group, Inc.
The BISYS Group, Inc., headquartered in Little Falls, NJ, supports more than
6,000 financial institutions and corporate clients through its integrated business units.
BISYS provides technology outsourcing and check imaging applications to more than 650
financial institutions nationwide; distributes and administers over 60 families of mutual funds
consisting of more than 700 portfolios; provides retirement plan services to over 6,000 companies in
partnership with 30 of the nation's leading bank and investment management companies; and provides
insurance distribution solutions, telephone/Internet product sales programs, enterprise-wide networking services,
and loan/deposit product pricing research. BISYS trades on NASDAQ under the symbol BSYS.
Additional information is available at www.bisys.com.
nFront, Inc.
Founded in 1996, nFront, Inc. (www.nfront.com) is a leading provider of full-service Internet
banking solutions for community banks. Based in Athens, GA, nFront provides a turnkey solution
offering development and implementation services, web site design, maintenance and hosting, customer service training
and support and marketing consulting.
