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1999 Press Releases
Enhancement |
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 Enhances nBusiness Cash Management Solution
--New version adds powerful Internet banking capabilities for business customers of financial institutions--
ATLANTA, October 12, 1999 - nFrontTM, Inc. (NASDAQ: NFNT, www.nfront.com), a leading outsource provider of Internet banking services for small- to mid-size financial institutions, announced today enhancements to its award-winning nBusiness™ solution. The enhancements, which represent a collaborative effort between nFront and its strategic partners, are designed to make nBusiness even easier to use.
Named Corporate EFT's Best Browser-Based Cash Management Solution, nBusiness provides business customers of financial institutions with customized cash management services via the Internet. The enhanced version of nBusiness contains several new features:
- Advanced Notifications empower nBusiness users to construct alert trigger formulas that send customized text messages to phones, faxes or email addresses to warn of exceeded debits, overdrafts and/or other user-created circumstances. This managerial tool enables users to be in constant control of their business accounts, regardless of location.
- Multiple Time Zone Display, part of a nFront-wide initiative, time stamps transactional data based on the time-zone location of the bank.
- Desktop Icon & Logo is a convenience feature that gives nBusiness customers a "hot link" back to their bank's Internet home page. The icon, which displays the nFront globe logo branded with the financial institution's name, also creates greater brand value for the bank.
- Wire Transfer Confirmation gives nBusiness customers instant verification of an irrevocable wire transfer. Real-time display of the official Federal Wire confirmation eliminates the need for phone call verification of a successful wire transfer.
"With these enhancements, nBusiness users will enjoy strong advantages in the Internet banking marketplace," said Tripp Rackley, chairman and CEO of nFront. "By empowering business customers with unlimited control, access and convenience to their financial information, financial institutions can quickly realize the profitable benefits Internet banking provides."
nFront last introduced enhancements to nBusiness in July 1999, as part of its quarterly upgrade commitment. New features included a cash flow manager, internal product linking and cash concentration.
nFront provides its customers the enabling technology and marketing support for comprehensive Internet banking services. With nFront's nBusiness integrated suite of business services, financial institutions can provide their business customers a complete Web-based financial center for their cash management needs, including access to account information online to view cash position, disburse funds, stop payments, draft customers, and pay employees.
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
