TD Banknorth signs P&H Web cash manager

Source: P&H Solutions

P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America, announced today that TD Banknorth (NYSE:BNK), with over $40 billion in assets, has chosen P&H Web Cash Manager as the platform for providing a full range of banking services to its corporate customers located throughout the Northeast.

Utilizing the P&H Outsource Solution Center will ensure a safe and secure Web-based environment that the bank's thousands of corporate users will be able to access on a 24x7 basis.

"We were looking for a system that could provide us with a complete suite of business banking applications that we could tailor to meet the requirements of our corporate customer base," said Ted Scontras, TD Banknorth EVP for Cash Management. "Particularly important to us was the ability of P&H to integrate this new system into our existing IT environment on a timely basis. Soon, we will be able to offer our commercial customers the broadest range of banking products and services in the marketplace."

"We are pleased that TD Banknorth has chosen Web Cash Manager as the foundation for their commercial banking offerings," said Ralph Dangelmaier, President and CEO of P&H Solutions. "Our extensive experience in delivering the most robust business banking product suite in the industry was a major factor in this significant win."

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