19 August 2017
visit www.avoka.com

Independence Community Bank chooses Magnet for small business banking

20 March 2002  |  2151 views  |  0 Independence Community Bank chooses Magnet for small business banking

New York-based Independence Community Bank has selected Magnet Communications' Internet Banking Suite as the platform for delivering Web-based services to its small and medium sized business customers.

The Magnet package will provide the bank with a range of cash management and business banking services from a single platform, including information reporting, ACH services, wire transfer, lockbox, positive pay and Web-based cash concentration.

The software will deployed over Magnet's hosted service platform, MOS (Magnet Outsource Service).

Dan Harris, first vice president, corporate services of Independence Community Bank, says: "A key element of our corporate services strategy is to upgrade our business customers from our consumer banking platform to online services that better address their business needs."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank One and Microsoft launch small business banking services

Bank One and Microsoft launch small business banking services

07 March 2002  |  3850 views  |  0 comments
Yodlee develops small business aggregation package

Yodlee develops small business aggregation package

01 March 2002  |  3922 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8163 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7463 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6409 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6157 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6007 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job