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Aurum launches e-banking software for mid-sized institutions

07 August 2002  |  4580 views  |  0 Aurum launches e-banking software for mid-sized institutions

Aurum Technology has launched a new personal e-banking service for community and mid-sized financial institutions and signed its first four banking customers for the product.

The new Aurum service uses technology from Financial Fusion to enable bank customers to view and manage their accounts, transfer funds, initiate stop payments, make changes to PINs, view cheque images, pay bills, and use the online banking service with Quicken and Microsoft Money.

The solution can be customised with a bank's own branding and includes Web-enabled customer service functionality.

Aurum functions as an application service provider (ASP), hosting the Internet banking application at one of its data centers, and providing commercial banks, thrifts, and credit unions access to the application over a private network.

The vendor has also partnered with Metavante and Princeton eCom for online bill payment fulfillment, supporting both the good-funds and risk-based methods for bill payment processing.

First National Bank of Wichita Falls is the first bank to go live with the solution for more than 1100 Internet banking and bill-pay customers in Texas and surrounding areas.

"We looked at a number of online banking products to upgrade our Internet presence and found that Aurum's was the most user friendly and technologically superior - especially since it is fully integrated with our core banking application," says Rozan Sellers, senior vice president for the bank.

Aurum says three other banks will also begin implementation of the personal e-banking service in the near future.

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