UMB Bank selects AT&T to provide network services

Corporate IT Update, Nov 1, 2007

CORPORATE IT UPDATE-(C)1995-2007 M2 COMMUNICATIONS LTD

US communications holding company AT&T Inc (NYSE:T) has been selected by UMB Bank (Nasdaq:UMBF), a provider of banking and financial services for individual and business customers, to provide network services under multiple contracts, allowing the secure, reliable transport of critical applications across a global platform and enabling communication with customers, vendors and remote and local employees.

AT&T said it will provide Multiprotocol Label Switching (MPLS)-based Virtual Private Network (VPN) services, equipment maintenance services and a dedicated account team to support UMB Bank's VoIP strategy, under the terms of the agreement.

The network services help UMB Bank to migrate from a Private Branch Exchange (PBX) communications system to a standard VoIP platform, enabling it to operate all of its branches under a single platform, providing cost efficiencies.

According to AT&T, the technology will allow UMB Bank to provide enhanced services including improved 24/7 online banking, allowing customers to apply for loans, transfer funds and use online bill payment and podcasts to educate users. It will also enable enhanced phone banking, allowing customers to access account balances, cheque-clearing and loan information and transfer funds between accounts, order cheques or locate the nearest branch or ATM machine.

In addition the contract will enable further services including web hosting for various organisations, along with a reliable network and ATM machines offering secure transactions.

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