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1999 Press Releases
200th Bank |
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 Signs 200th Internet Bank Client
Leading Internet Banking Services Provider Experiencing Phenomenal Client Growth
ATLANTA, October 8, 1999 - nFrontTM, Inc. (NASDAQ: NFNT, www.nfront.com), a leading outsource provider of Internet banking services, today announced the signing of Union Federal Savings Bank, the company's 200th Internet bank client. The $2 billion-asset financial institution, based in Indianapolis, Ind., boosts the combined assets of nFront's Internet bank clients to over $90 billion.
Union Federal Savings Bank (www.unionfedbank.com) will utilize nFront's nHome™ and nBusiness™ Internet banking services for its retail and commercial customers, the nAction end-user marketing program, as well as check imaging and statistical reporting services. nFront provides its customers the enabling technology and marketing support for comprehensive Internet banking services.
"We are thrilled to partner with such a customer-focused organization as Union Federal, and to celebrate the milestone of our 200th Internet bank client," said Tripp Rackley, chairman and CEO of nFront. "We are confident our superior Internet banking technology, combined with Union Federal's commitment to customer service, will be welcomed by Indiana customers."
"We feel that nFront's Internet banking solution promises the best value for us and for our customers," said Jerry Von Deylen, president of Union Federal Savings Bank. "We look forward to offering this new vehicle in financial services in the very near future."
nFront's award-winning outsourced Internet banking solution streamlines a bank's ability to offer affordable, secure Internet banking services. With its robust "fat-server" data mining capabilities, nFront's scalable solution helps financial institutions to attract and retain profitable new customers and build greater loyalty from existing customers.
About Union Federal Savings Bank
Indianapolis, Ind.-based Union Federal Savings Bank, a division of The Waterfield Group, is a $2 billion-asset financial services company with 40 branches throughout Central Indiana.
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.
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This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of nFront, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that the actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation in operating results, the ability to compete successfully and the ability to integrate acquired companies. Additional factors are set forth in the Risk Factors section of our Registration Statement on Form S-1. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
1999 Press Releases
