The Bankers Bank chooses First Data as preferred Net banking partner

Source: First Data

First Data Corporation, a global leader in electronic commerce and payment processing, today announced that The Bankers Bank based in Oklahoma City has selected First Data as its preferred Internet banking partner.

The Bankers Bank is based in Oklahoma with offices in Texas. Owned by its 97 member community banks, The Bankers Bank serves community banks throughout the Midwest.

The Bankers Bank also uses First Data's debit processing services and is a member of First Data's STAR Network.

"Customers who use Internet banking and bill pay tend to be very loyal to their banks," said Kevin Barry, general manager of the STAR Network. "The combination of Internet banking and a trusted debit network allows community banks served by The Bankers Bank to offer their customers convenient, reliable and secure ways to access and control their money."

Through the five-year Internet banking agreement, The Bankers Bank's community banks will be able to offer their customers First Data's consumer and business Internet banking services. The consumer-focused services include eStatements, bill pay, electronic bill presentment and a Spanish-language customer interface. The system also offers online personal financial management capabilities, and users can download financial information into commonly-used financial management tools.

Businesses can originate automated clearing house (ACH) and wire transactions, use positive pay to verify the authenticity of checks and designate different levels of account access. A Spanish-language interface also is available for business Internet banking customers.

"The Bankers Bank strives to offer our community bank customers the best products and the highest quality of service," said Troy Appling, senior vice president of The Bankers Bank. "First Data's debit processing, STAR Network and now Internet banking allow us offer services that help our community bank customers get and stay competitive."

Terms of the agreement were not disclosed.

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