Digital Insight Corporation (NASDAQ:DGIN), the leading online banking provider, and Regions Financial Corporation (NYSE:RF), one of the nation's top 15 financial services providers, announced today that Digital Insight will provide online corporate banking services to Regions' middle-market and large corporate clients, including the company's legacy Union Planters clients.
Regions Financial Corp. and Union Planters Corp. merged July 1, 2004 to form the new Regions Financial Corporation, which operates throughout a 15-state banking footprint in the South, Midwest and Texas.
Through Digital Insight, Regions' InterAct online corporate banking service provides a complete range of information reporting, digital imaging and transaction initiation capabilities, including balance reporting, book transfers, stop payments, ACH, domestic and international wires, positive pay and electronic report delivery.
Digital Insight's Event Based Banking module will enable Regions to provide alert notification for balance reporting, ACH approvals, wires, positive pay, exceptions and electronic reporting delivery via multiple channels.
"One of our values is to ensure that our customers receive ever-improving quality of service, so it is very appropriate that our corporate banking solution by Digital Insight has not only served us and our clients well for five years, but has also grown with us as we have grown," said Sandy Wright, senior vice president and director of Regions Treasury Management Services.
"We're excited to now be able to offer this comprehensive set of services to our legacy Union Planters clients, and look forward to future growth possibilities with them and Digital Insight," she said.
Digital Insight chairman, president and CEO Jeff Stiefler stated, "We look forward to extending what has been a very effective partnership with Regions Financial and helping them achieve higher growth and improved service quality by bringing our best-of-breed corporate banking solutions to Union Planters clients."
"We know that Regions had many options from which to choose when it came to this important decision," Stiefler continued. "The fact that they selected Digital Insight says a lot about both the quality of our solutions and our ability to partner effectively with Regions to improve business results for their clients."