Qbt acquires MemberBridge assets of Corporate Network eCom
12 July 2005 | 2193 views | 0
qbt, a leader in real-time financial systems integration, today announced it has purchased the assets of the MemberBridge product line from Corporate Network eCom LLC, a leading provider of online financial services to the credit union industry.
These assets include several applications, including MemberBridge Internet Banking, MemberACH, MemberBridge Bill Pay, MemberBridge Alerts, MemberBridge Secure Messaging, MemberBridge Consumer Lending System, and MemberBridge Server.
qbt will incorporate the MemberBridge applications into its industry-leading integration platform, MultiPoint™. This will enable credit unions to seamlessly connect all of their disparate systems and it will allow credit unions to more efficiently and cost-effectively deliver innovative online financial services to their members.
As part of the acquisition, qbt will be opening an office in Kansas City to support the employees who will transition from Corporate Network eCom to New York City-based qbt.
"qbt is looking forward to working with the innovative MemberBridge customer base to ensure our combined products provide significant value to their members," said Brian Bodell, president of qbt. "The integrated products of MemberBridge and MultiPoint will allow credit unions to use the MemberBridge applications regardless of the core-processing platform used by the credit union. We are very pleased to have the strong MemberBridge team join qbt so we can collectively meet the changing needs of our marketplace."
Corporate Network eCom formed a partnership in 2000 with Open Financial Solutions, Inc. (OFS), with a vision of encouraging economies of scale and sharing technology successes with fellow credit unions. OFS is a leading technology-based research and development organization for credit unions.
"Corporate Network eCom spent a significant amount of time selecting the right partner to serve the credit unions and continue to expand the MemberBridge product set," said Dennis Brown, president and chief operating officer of Corporate Network eCom, LLC. "qbt has a proven track record of providing outstanding support and innovative products to support the credit union movement. In addition, through the entire due diligence process qbt's team showed us that they will work closely with the credit unions and our employees to ensure a mutually successful transition."
"qbt has been a strong partner of Boeing Employees Credit Union (BECU) for many years now," according to Rae Miles the CEO of Open Financial Solutions, Inc. "We are looking forward to bringing the MultiPoint technology to all the OFS members based on the success BECU has had with the software."
MultiPoint Integrator, is a real-time transaction processing engine. It provides seamless connectivity for a variety of systems used by a financial institution. All systems, including home banking, teller, branch automation, voice response, loan origination, deposit systems, loan systems, and ATM networks can be centrally connected through the MultiPoint Integrator hub. MultiPoint Integrator is easy to configure by using the MultiPoint Admin Web pages. These simple to use Web pages allow system administrators to seamlessly install, configure and monitor the various components of MultiPoint Integrator from any location.