New York Community Bancorp implements eGifts fund transfer technology

Gifts Software, a leading provider of funds transfer, e-banking and anti-money laundering solutions, announced today that New York Community Bancorp, the holding company for New York Community Bank and New York Commercial Bank, has completed the installation of the "eGIFTS" wire transfer and S.W.I.F.T. solution.

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"We were pleased with the features of the system and the excellent support provided by GIFTS Software during our commercial bank conversion," said Barbara Tosi-Renna, Executive Vice President of New York Community Bancorp.

eGIFTS is an exciting next generation system designed to automate both the payment and message processing of a bank. eGIFTS is built upon GIFTS Software's 10+ years heritage of providing powerful wire transfer and telecommunications systems. Some of the benefits of the eGIFTS system include:

  • Unprecedented System Availability & Ease of Use - eGIFTS utilizes the latest hardware and software technologies.
  • Flexible Hardware Platform Choices - eGIFTS is available on multiple platforms, such as the highly scalable Windows Server family, the IBM PSeries or i5 Servers/AIX Operating System and Sun/Solaris. eGIFTS utilizes an Oracle database.
  • Simple Product Implementation & Rollout - eGIFTS is a browser-based system. No special software is required on the user PC. Instead, users connect to the eGIFTS server by use of a web-browser, such as Microsoft Internet Explorer 6.0.

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