Business Services Industry
Bank of America Military Bank Licenses Financial Fusion Consumer Banking Solution
Business Wire, July 15, 2003
Business Editors
CONCORD, Mass.--(BUSINESS WIRE)--July 15, 2003
Military Bank Moves From ASP to Fully Customizable Solution
Financial Fusion(R), Inc. announced today that Bank of America Military Bank has licensed Financial Fusion Consumer Banking Solution. Consumer Banking Solution is a comprehensive web-based account and payment management system that offers a fully integrated, multi-channel delivery solution for retail banking.
Bank of America Military Bank's online service allows active or retired military personnel, Department of Defense civilians and U.S. government employees to pay bills, review account balances, transfer funds and view check images from anywhere in the world. Financial Fusion will provide Bank of America Military Bank with banking, customer care, account register, one-to-one marketing, universal alerts, and content syndication. As part of the deal, the bank plans to migrate from their current ASP service.
"We are extremely pleased to be working with Bank of America Military Bank to provide award-winning online banking solutions to our military personnel," said Richard J. Moore, president and COO, Financial Fusion Inc. "Financial Fusion is uniquely equipped to provide Bank of America Military Bank with a flexible solution that offers their clients unprecedented ease-of-use and advanced features with minimal impact on their IT staff."
About Bank of America Military Bank
Bank of America Military Bank, headquartered in San Antonio, Texas, has been serving active and retired military, Department of Defense personnel and family members since 1920. Today, the company's Military Bank includes free services that other institutions would normally charge service fees for, as well as discounted interest rates on loans and credit cards and easy account access through online services.
About Financial Fusion Banking Suite
Financial Fusion Banking Suite is designed to meet the online delivery requirements of the financial services industry. Our solutions provide an integrated platform for consumers, small businesses, and large corporate cash management customers and can be delivered across multiple channels. We support multi-bank environments with customizable solutions that offer account and payment management, bill payment and presentment, alerts, and entitlements.
About Financial Fusion
Financial Fusion provides integrated financial solutions to more than 200 of the world's leading financial institutions. Financial Fusion maintains strategic technology relationships with BEA, IBM, Microsoft, Sun Microsystems, and SWIFT. The company supplies service and support in 60 countries and is a wholly owned subsidiary of Sybase, Inc. (NYSE: SY).
Financial Fusion and the Financial Fusion logo are registered trademarks of Financial Fusion, Inc.
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