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ACI adds Parsam technology to online banking offering

23 October 2007  |  1137 views  |  0 Source: ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, and Parsam Technologies, the provider of uMonitor financial services, today announced a partnership that will combine ACI's leading online banking products, ACI Enterprise Banker and ACI Enterprise Enrolments, with uMonitor's uOpen & uFund, the online account opening and funding solution, and uTransfer, the account-to-account money transfer solution.

uMonitor provides next-generation online banking services for customer acquisition and retention. Adding uMonitor's account opening and funding to ACI's enterprise enrolments solution will offer financial institutions a powerful end-to-end online delivery solution for on-boarding new retail and commercial customers.

The solutions will integrate account opening services with ACI's enrolment services, to enhance the online and branch channels, enabling financial institutions to begin selling more aggressively online and make the process for applying for a new account much easier. This partnership will allow financial institutions to more effectively leverage the online channel, not only for customer self-service, but also for online product sales.

"ACI continues to build on its leadership position in the electronic payments industry," said Ralph Dangelmaier, president of ACI Worldwide Americas. "Our top-of-the-line product suite provides all the services that financial institutions demand for consumers and commercial customers of all sizes. This partnership will help our customers deliver proven account opening solutions to their customers."

Both ACI and uMonitor platforms are recognised in the industry for their superior product quality and dedication to customer service. Working together, with complimentary technologies, the companies will accelerate the adoption of these new services for the benefit of their financial institution customers.

"This partnership creates unique opportunities for both companies to address the growing demands from financial institutions to expand online services and improve branch productivity," said Dinesh Sheth, CEO of Parsam Technologies. "We are delighted with this collaboration and look forward to working with ACI to meet their customers' demand for productivity improvements and expansion of the online channel with full branch level capabilities using best-of-class technologies."

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