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1998 Press Releases
Client Base Quadruples
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-nFRONT QUADRUPLES CLIENT BASE IN FIRST HALF OF YEAR-
56 community banks in 27 states using nHome™ Internet banking solution
ATHENS, GA. (June 30, 1998) - nFront, Inc., the leading provider of full-service Internet banking for community banks and winner of Microsoft's Best Internet Banking Solution Award, announced today it has licensed its solution to 42 community-focused banks since the beginning of the year. As a result, the company has quadrupled its client base in the first half of 1998 to bring the total number of financial institutions using the nFront solution to 56. nFront client banks currently range between $7 million and $4.4 billion in assets and are located in 27 states across the country.
Links to nFront's Internet bank clients can be found at www.banking.com.
In order to serve financial institutions throughout the country, nFront has ported its Internet banking solution to 18 bank core data processors, including nFront strategic partners The BISYS Group, Inc., Little Falls, NJ; Data Center Inc. (DCI), Hutchinson, KS; First Commerce Technologies (FCT), Lincoln, NE; Modern Computer Systems, Inc. (MCS), Burnsville, MN; and SPARAK Financial Services, Inc., Fargo, ND. Together, nFront's nine reseller partners market nHome to more than 3,500 financial institutions across the nation.
Internet solutions like nFront's can offer community banks a competitively priced, total software and assistance package that makes it easy to go live on the Internet, said Stan Quay, a partner with Grant Thornton's Cincinnati office and a member of the firm's National Financial Services Committee.
"Superior, proven technology is only half of the solution," said nFront's Chairman and CEO Tripp Rackley. "At nFront, we believe that providing our client banks with the highest level of service is imperative. In addition to supporting their day-to-day Internet banking operations, nFront is constantly monitoring changes within the Internet and electronic commerce industries in order to protect their interests and provide them with the most advanced solutions available in the marketplace."
nHome
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.
nFront
Founded in 1996, nFront, Inc. (www.nfront.com) is the 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, hosting and maintenance, customer service training and support, and marketing consulting. nFront also is the recipient of Microsoft's Retail Banking Industry Solution Award for Best Internet Banking Solution.
