Digital Insight, the financial institutions
division of Intuit Inc. (Nasdaq:INTU), and Metavante (NYSE:MV), a
leading provider of banking and payments technology, have teamed to
help financial institutions deliver a powerful, centralized and
easy-to-use online banking and payment experience.
Under terms of three newly signed agreements, the
companies will extend and expand existing cross-sales relationships
and provide clients a variety of new online capabilities designed
to help consumers and businesses better manage their finances in a
strained economy.
Financial Management Capabilities to Meet End User
Needs
The first agreement will enable Metavante�s online banking
clients to further solidify primary banking relationships by
offering the award-winning financial management capabilities of
Digital Insight�s FinanceWorks� as an
optional component within Metavante�s eBanking
solutions.
Powered by Quicken�,
FinanceWorks helps banks address people�s most pressing financial
management needs at the online destination customers trust most �
their financial institution�s Web site. FinanceWorks gives users
greater visibility and control over their spending by accessing
account information from more than 5,000 financial institutions and
credit card sites. With this aggregated information, users get an
easy-to-understand view of cash flow, including future
transactions, so they can forecast how future deposits and bills
will affect their balances. Users can also manage all their bills
in one place � regardless of how they pay them � categorize
personal and business expenses, and receive a variety of alerts
about their financial status via e-mail.
FinanceWorks, available since fall 2008, is now the
leading online personal financial management solution offered
through financial institutions. More than 160 financial
institutions currently offer or are in the process of launching the
solution.
Enhancing the Power and Ease of Bill
Payment
The second agreement renews a long-term marketing
arrangement between the companies to promote increased adoption and
usage of Metavante�s online bill presentment and payment products
among Digital Insight�s clients. As part of this agreement, the
companies recently completed a comprehensive effort to improve the
bill presentment and payment user experience delivered through the
financial institutions they both serve.
The newly enhanced solution features an intuitive,
single-view landing page that includes a variety of billing, payee
and quick-pay information that�s easy for consumers to review and
then act on. By simplifying core bill pay functionality, and
significantly reducing page clicks per task, Metavante has
transformed the bill pay landing page into a central payment hub
for users. Additional improvements also lead first-time bill payers
through the process step by step, making them more likely to use
the product in the future. As a result, active use of online bill
presentment and payment has increased, creating stronger ties
between financial institutions and their customers.
Third-party Reseller Agreement
Building on past success, the third agreement extends a
June 2005 arrangement that makes Digital Insight�s consumer
Internet Banking and Business Banking solutions the exclusive
third-party products resold to financial institutions that use
Bankway� software � Metavante�s licensed
core processing solution.
For more than a decade, Digital Insight�s on-demand
products and services have helped financial institutions reduce
their operating costs while improving their ability to compete by
outsourcing. With dedicated marketing support and acquisition
campaigns driven by Digital Insight, financial institutions have
seen adoption and active use of online solutions increase by as
much as 86 percent. Digital Insight has also worked with companies
like Metavante to help financial institutions bring innovative
capabilities to market more easily and cost-effectively than if the
financial institutions had worked alone.
�Our agreements with Metavante are the latest examples of
a highly successful, long-standing relationship that has been
delivering great results since 1999,� said Sasan Goodarzi, senior
vice president of Intuit Inc. and president of Digital Insight.
�This opens a rich distribution channel for Digital Insight and
Metavante and further helps financial institutions provide the
online capabilities their customers want and need in today�s
economy.�
�A challenging economy heightens the need for financial
institutions to transform online banking and bill pay services into
strategic growth engines. For the past ten years, Metavante and
Digital Insight have aligned well to keep our mutual clients at the
forefront of consumer adoption of online banking and payment
services,� said Frank D�Angelo, group president, Metavante Payment
Solutions. �Digital Insight and Metavante share a commitment to
customer-driven product development that puts people in control of
their finances and transforms a financial institution�s online
banking channel into a powerful center of financial management and
payment activity.�
Multimedia: �
Learn more about FinanceWorks
�
See a FinanceWorks Demo
�
Interactive Metavante Online Bill
Presentment and Payment Demo
� Suggested Link:
FinanceWorks on Twitter
�
About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent
company of Metavante Corporation. Metavante Corporation delivers
banking and payments technologies to approximately 8,000 financial
services firms and businesses worldwide. Metavante products and
services drive account processing for deposit, loan and trust
systems, image-based and conventional check processing, electronic
funds transfer, consumer healthcare payments, electronic
presentment and payment, outsourcing, and payment network solutions
including the NYCE Network, a leading ATM/PIN debit network.
Metavante (www.metavante.com) is headquartered in
Milwaukee.
Metavante and NYCE are registered trademarks of Metavante
Corporation, which is the principal subsidiary of Metavante
Technologies, Inc.
About Intuit Inc.
Intuit Inc. (Nasdaq:INTU) is a leading provider of
business and financial management solutions for small and mid-sized
businesses; financial institutions, including banks and credit
unions; consumers and accounting professionals. Our flagship
products and services, including QuickBooks�, Quicken� and
TurboTax� , simplify small business management and payroll
processing, personal finance, and tax preparation and filing.
ProSeries� and Lacerte� are Intuit's leading tax preparation
offerings for professional accountants. Our financial institutions
division, anchored by Digital Insight, provides on-demand banking
services to help banks and credit unions serve businesses and
consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.1 billion
in its fiscal year 2008. We have approximately 8,000 employees with
major offices in the United States, Canada, the United Kingdom,
India and other locations. More information can be found at
www.intuit.com.
About Digital Insight
Digital Insight is the leading outsourced
provider of online banking services to mid-market banks and credit
unions in the United States. The company's extensive portfolio of
on-demand applications includes consumer and business Internet
banking, online lending, electronic bill payment and presentment,
Web site development and hosting, marketing programs designed to
help increase online banking end user growth, and more.
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