Digital Insight's Member Business Services Selected by Harland Financial Solutions as Its Preferred Online Cash Management Solut
20 October 2005 - 7:00AM
PR Newswire (US)
Agreement Positions Digital Insight to Help Leading Core Processor
Meet Customer Demand for Solution Specifically Designed for Credit
Unions CALABASAS, Calif., Oct. 19 /PRNewswire-FirstCall/ -- Digital
Insight Corp. (NASDAQ:DGIN) (http://www.digitalinsight.com/), the
leading online banking provider, today announced Harland Financial
Solutions, Inc. (http://www.harlandfinancialsolutions.com/), a
wholly owned subsidiary of John H. Harland Company (NYSE:JH), has
selected Digital Insight's Member Business Services as its
preferred online cash management solution for resale to the more
than 400 credit unions that utilize Harland Financial Solutions'
ULTRADATA(R) System for core processing. The new preferred partner
agreement between the companies extends into 2008 and demonstrates
a strong endorsement of the breadth and depth of Digital Insight's
products and services. "ULTRADATA System credit union users have
come to expect the best solutions and services from Harland
Financial Solutions. By offering Digital Insight's Member Business
Services, we are further enabling our clients to provide
comprehensive business services to their members," said President
of Harland Financial Solutions' Core Systems Group Raju Shivdasani.
Digital Insight Member Business Services is a comprehensive cash
management solution that helps 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. It is the only cash management solution
available today that is customized to credit unions' back-office
operations and their members. According to Callahan &
Associates, online cash management services for credit unions
represent a significant development as member-owned financial
institutions pursue new growth opportunities to compete. There are
more than 25 million small businesses in America today, according
to several recent research reports. Callahan's Executive Vice
President Jay Johnson said, "Due to competitive pressures, credit
unions are going beyond the traditional retail channels to serve
their members. Serving the small business community not only
provides credit unions with another means of growth, but more
importantly, solidifies member value." "We believe small businesses
represent a significant growth opportunity for credit unions, but
it requires they have the right online tools to properly serve
them. Digital Insight Member Business Services was created to meet
this need," said Digital Insight Chairman, President and CEO Jeff
Stiefler. "Digital Insight is committed to providing financial
institutions with the technological tools they need to grow their
business. We look forward to bringing our industry leading Member
Business Services solution to ULTRADATA System customers." Digital
Insight and Harland Financial Solutions have been strategic
partners since 2002 when Harland Financial Solutions acquired
SPARAK Financial Systems, LLC, a leading provider of integrated
hardware and software solutions for community banks. Harland
Financial Solutions already actively resells Digital Insight's
consumer Internet Banking and Business Solutions ASP offering to
its SPARAK bank core customers. Digital Insight remains the largest
outsourced provider of Internet banking services, as indicated by
its market leading base of customers and active end users. At the
end of June 2005, 5.7 million consumers and 95,000 businesses were
actively using Digital Insight's online banking platforms. About
Harland Financial Solutions Harland Financial Solutions
(http://www.harlandfinancialsolutions.com/) supplies software and
services to thousands of financial institutions of all sizes,
offering its solutions in both an in-house and service bureau
environment. Harland Financial Solutions is a leader in core
systems, item processing, payment processing, electronic document
management, financial accounting systems, electronic documents,
deposit & loan origination, customer relationship management,
compliance training, branch automation, check & MICR printing,
mortgage lending, and solution consulting. About Digital Insight
Digital Insight(R) Corporation is the leading online banking
provider for financial institutions. Through its comprehensive
portfolio of Internet-based financial products and services built
upon the company's unique architecture, Digital Insight enables
banks and credit unions to become the trusted transaction hub for
their retail and commercial customers. Digital Insight offers
consumer and business Internet banking, online lending, electronic
bill payment and presentment, check imaging, account-to-account
transfers, Web site development and hosting and marketing programs
designed to help increase online banking end user growth and more.
Each Digital Insight product and service reinforces the strength of
its financial institution clients. Safe Harbor Statement under the
Private Litigation Reform Act of 1995 This release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based
on management's current expectations. Because of various risks and
uncertainties, actual strategies and results in future periods may
differ materially from those currently expected. Additional
discussion of factors affecting these forward looking statements is
contained under the caption "Risk Factors" in Digital Insight's
most recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission. Digital
Insight undertakes no obligation to update publicly any
forward-looking statements. DATASOURCE: Digital Insight Corp.
CONTACT: Tobin Lee, Corporate Communications, +1-818-878-6048, , or
Erik Randerson, Investor Relations, +1-818-878-6615, , both of
Digital Insight Corporation Web site:
http://www.digitalinsight.com/
http://www.harlandfinancialsolutions.com/
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