Digital Insight extends three Web banking services contracts
01 November 2005 | 2405 views | 0
Source: Digital Insight
Digital Insight Corp. (Nasdaq: DGIN), the leading online banking provider, today announced renewed and expanded agreements with Allegacy Federal Credit Union of Winston-Salem, N.C., Nassau Educators Federal Credit Union of Westbury, N.Y., and Marine Federal Credit Union of Jacksonville, N.C.
The multi-year agreements renew and expand services to more than 120,000 active consumer Internet Banking users and represent continued confidence in Digital Insight's ability to help credit unions drive deposit growth and provide superior member service through the online channel.
One of the largest credit unions in assets in the United States, Allegacy Federal Credit Union (Allegacy) will continue to provide consumer Internet Banking and Lender Solutions through Digital Insight to more than 38,000 active end users. Under terms of the agreement, Allegacy will implement Digital Insight's comprehensive cash management solution, Member Business Services, to help its business members manage their accounts, understand their cash position, make payments to their vendors, process payroll and take advantage of automatic account alerts and sweeps. Allegacy will also implement Digital Insight's Branch Services. Contracted through 2010, $1.03 billion Allegacy has been a Digital Insight client since 2000.
Nassau Educators Federal Credit Union (NEFCU) will continue to provide consumer Internet Banking through Digital Insight's solution to more than 33,000 active end users. Under terms of the renewed agreement, which extends through 2008, NEFCU's online member offering is being enhanced to include account-to-account and person-to-person transfers and PFM Connect through Direct Connect. In addition, the credit union is utilizing Digital Insight's Tier 1 Support, and secure email services to provide member service at every touch point throughout the online banking experience. NEFCU has been a Digital Insight client since 1999.
Contracted through 2007, 97,000-member Marine Federal Credit Union (Marine FCU) will continue to provide consumer Internet Banking through Digital Insight's solution to more than 49,000 active end users. Under terms of the renewed agreement, Marine FCU will enhance its online member offering to include Bill Payment & Presentment, Check Imaging, Check Reorder, account-to-account and person-to-person transfers and Web Center, a Web site management platform that gives non-technical staff at financial institutions real-time control over their organization's Web presence. Marine FCU has been a Digital Insight client since 1999.
Each of these client credit unions has the opportunity to participate in Digital Insight's proprietary growth and retention program, a set of best-practice marketing initiatives with training programs, sales tools and creative materials that effectively encourage members to take advantage of online products and services.
"We are pleased to continue helping each of these leading credit unions grow and serve their memberships through the online channel," said Digital Insight Chairman, President and CEO Jeff Stiefler. "We remain committed to our strategy of arming clients with the technological tools and services they need to compete and win against anyone."