Wings Financial Federal Credit signs for Fidelity Web banking services
10 November 2005 | 2715 views | 0
Source: Fidelity Information Services
Fidelity National Financial, Inc. (NYSE: FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services (Fidelity) division, announced today that Wings Financial Federal Credit Union, one of the top 50 credit unions in the United States, will deploy consumer Internet Banking services offered by Fidelity to its more than 50,000 active online banking members.
The five-year agreement extends into 2011 and demonstrates a strong endorsement of Wings' existing relationship with Fidelity and the breadth and depth of Fidelity's online banking capabilities.
The $1.5 billion-asset credit union, which had been seeking a proven partner to help grow and retain its online banking member base, chose Fidelity as part of its efforts to achieve greater efficiency and generate revenue while delivering superior service to its rapidly growing membership. Wings Financial cited the strength of Fidelity's solution and its ability to provide Wings Financial members access to a wide array of advanced self-service features as critical to its decision. Particularly important was the tight integration of these services with MISER, Wings Financial's core processing platform delivered by Fidelity.
"After researching multiple online banking providers, it was easy to conclude that the Fidelity team was the right choice given its clear understanding of our market and our business as well as its ability to deliver the advanced functionality that will help us meet our goals for growth, efficiency and member service," stated David Mason, vice president and chief information officer of Wings Financial Federal Credit Union.
Under terms of the agreement, Wings Financial members will have access to a full range of consumer Internet Banking products, including Bill Payment and Presentment, Funds Transfer, Online Statements, Check Imaging and Check Reorder. In addition, members who use Quicken and Microsoft Money will be able to seamlessly interact online with their personal financial management software.
"This is a significant and highly visible win for us both in a critical market and with a truly value-added capability for Wings and its members," said Santo Cannone, senior vice president of Fidelity's Integrated Financial Solutions division and executive in charge of the company's credit union business. "Through this expansion of our relationship, Wings is now in an even better position to offer the robust and competitive electronic banking channels it needs to serve an increasingly savvy and rapidly growing member base."