 |
1999 Press Releases
State Bankers Associations'
Exclusive Endorsement
for Internet Banking |
Contact:
Kelly Harviel
nFront, Inc.
770.209.4460, ext. 265
kharviel@banking.com
Ernie Buday
Ketchum Crescent for nFront
404.287.2000, ext. 186
ebuday@crescomm.com
nFront Awarded New Mexico, Vermont and Wyoming State Bankers Associations' Exclusive Endorsement for Internet Banking
-SBAs support ABA's Endorsement for nHome, nBusiness, "Best in Class"
ATLANTA, September 22, 1999 - nFrontTM, Inc. (NASDAQ: NFNT, www.nfront.com), a leading Internet banking services provider for small- to mid-size financial institutions and winner of Microsoft Corporation's Best Internet Banking Solution Award, announced today it has received three leading state bankers associations' exclusive endorsement for Internet banking. The New Mexico, Vermont and Wyoming State Bankers Associations have supported the American Bankers Association's (ABA) Exclusive Endorsement for Internet Banking awarded to nFront earlier this year.
The endorsements are supplemental to the ABA endorsement, issued by the Corporation for American Banking (CAB), an ABA subsidiary. Each individual state bankers association has the option to support the endorsements of the ABA. The three state associations reviewed the ABA award and supported the ABA's award decision.
"Our charge was to identify the best in class provider of Internet banking services, which we found in nFront," said John Wolff, managing director and secretary of CAB. "The ABA endorsement carries with it our confidence that nFront's products and services have been thoroughly researched, tested and approved by bankers to support the industry's dynamic needs. The fact that these states chose to join the ABA's recommendation is a strong statement for nFront's capabilities."
"Winning the New Mexico, Vermont and Wyoming State Bankers Associations' exclusive endorsements is a great honor and validation of the Internet banking solution we provide America's financial institutions," said Tripp Rackley, chairman and CEO of nFront. "But
more importantly, the ABA and its member organizations have demonstrated their conviction
that banks of all sizes, not just regional and national banks, have a great deal to gain from introducing Internet banking to their customers."
nFront received the ABA's exclusive endorsement after an extensive review of Internet banking solutions for banks. The review was performed by the ABA in conjunction with Gomez Advisors, a respected independent authority on the Internet delivery of consumer products and services. nFront was named "best in class" based on its in-depth analysis of the company's management strength, financial soundness, Internet banking solution functionality, marketing capabilities and customer service standards.
nFront's nHome™ and nBusiness™ Internet banking solutions offer reliability, scalability and ease of use for both end users and bank operations staff. In addition to fully transactional Internet banking and cash management functionality, nFront's leading-edge technology offers financial institutions a valuable sales and marketing tool by allowing the bank to capture and mine valuable customer data on a secure platform for customer-specific marketing. nHome and nBusiness are the only "fat-server" Internet banking solutions designed specifically for small- to mid-size financial institutions.
About Wyoming Bankers Association
The Wyoming Bankers Association (WBA) is a trade association representing member banks and financial institutions in the state of Wyoming. A member of the ABA, the WBA provides training, seminars and government relations support for its members.
About New Mexico Bankers Association
The New Mexico Bankers Association (NMBA), a member of the ABA, is a trade association serving member bank needs by acting as New Mexico banking's representative to the government, the public and the industry.
About the Vermont Bankers Association
The Vermont Bankers Association (VBA) is a trade association representing member financial institutions in the state of Vermont. The VBA is a member of the ABA and serves the needs of its members through government relations activities and by providing educational and other programs.
About CAB
The Corporation for American Banking (CAB), a subsidiary of the American Bankers Association (ABA), was chartered in 1982 and activated in 1988 to provide special products and services to ABA members on a national basis. All of CAB's products and services are managed by a board of directors, representing ABA member banks of various asset sizes, with additional guidance provided by several advisory groups comprised of both bankers and state association executives.
About ABA
The American Bankers Association (ABA) www.aba.com brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership, which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks, makes the ABA the largest banking trade association in the United States.
About nFront
Atlanta-based nFront, Inc. (NASDAQ: NFNT, www.nfront.com) is a leading Internet banking services company that enables small to mid-size financial institutions to process financial transactions with their customers via bank-branded Web sites. nFront's comprehensive outsourced service is a secure, reliable and scalable way to deliver Internet banking, a key means of attracting and retaining profitable customers. Exclusively endorsed by the American Bankers Association (ABA) and winner of Microsoft's Best Internet Banking Solution Award, nFront provides fully transactional Internet banking development and implementation, Web site design, maintenance and hosting, customer service training and support, and marketing consulting services.
