Peoples Bank Enters Four-Year Agreement With Digital Insight for Small Business and Consumer Internet Banking
Posted on: Wednesday, 12 October 2005, 09:00 CDT
CALABASAS, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Digital Insight Corp. (http://www.digitalinsight.com/), the leading online banking provider, announced today Peoples Bank, National Association, a subsidiary of Peoples Bancorp, Inc. (http://www.peoplesbancorp.com/), has selected Digital Insight's Small Business Banking and consumer Internet Banking solutions to serve its growing base of more than 850 business and 21,000 consumer Internet banking active end users. The agreement extends into 2009 and demonstrates a strong endorsement of the breadth and depth of Digital Insight's products, services and security.
Peoples Bank, which had been seeking a proven partner to help grow and retain its online banking customer base, cited Digital Insight's solution stability, security and ability to provide bank customers with a wide array of advanced self-service features as critical to its decision. Through September 30th, the average up time of Digital Insight's consumer Internet Banking and Small Business Banking solutions in 2005 was 99.95%.(1)
"Our agreement with Digital Insight will enable Peoples Bank to expand our use of technology for the benefit of our customers, while extending the bank's strategic growth initiatives throughout the Ohio, West Virginia and Kentucky markets," said Peoples Bank Retail and Banking Division President, Larry Holdren. "We look forward to introducing our customers to a new and enhanced peoplesbancorp.com, and developing a prosperous strategic partnership with Digital Insight."
Digital Insight's leading solutions can help banks achieve greater efficiency and deposit growth while delivering superior online service to customers. Through Digital Insight Small Business Banking, Peoples Bank small businesses customers will have access to a variety of time saving business management tools including Web Pay for Small Business by CheckFree, an online bill pay feature specifically tailored to the unique billing and invoice requirements of small businesses. In addition, small businesses can take advantage of enhanced navigation and Quickbooks downloads that will enable them to efficiently manage their cash position while generating fee revenue for the financial institution.
Peoples Bank personal banking clients will have access to robust online products such as Bill Payment and Presentment, Check Imaging, Check Reorder, Online Statements and Funds Transfer w/Aggregation, which enables users to more effectively manage their assets and liabilities in one central location. In addition, clients who use Quicken and Microsoft Money will be able to seamlessly interact online with their personal financial management software via Web Connect.
Under terms of the agreement, Peoples Bank will also have opportunity to leverage Digital Insight's proprietary growth and retention program, a set of best practice marketing initiatives with training programs, sales tools and creative materials that effectively encourage bank customers to utilize more online products and services.
"Peoples' decision to partner with Digital Insight, along with the other major new client wins and renewals we've recently announced, validates our strategy to provide clients with the market-leading capabilities, ideas, programs, and operational excellence they need to compete and win," said Jeff Stiefler, chairman, president and CEO for Digital Insight. "We look forward to building a meaningful partnership with Peoples Bank."
About Peoples Bank
Peoples Bank is a subsidiary of Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets. Peoples Bank makes available a complete line of banking, investment, insurance, and trust solutions through 50 locations and 33 ATMs in Ohio, West Virginia and Kentucky. Peoples Bank's financial service units include Peoples Financial Advisors and Peoples Insurance Agency, Inc. Peoples Bancorp's common shares are traded on the NASDAQ national market under the symbol "PEBO", and Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples Bancorp at http://www.peoplesbancorp.com/.
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. Statements concerning product or service procurements are based on product suite as of contract execution. Digital Insight makes no representation that Peoples Bank will actually use or implement such products or services. 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.
(1) 99.95% uptime is based on 9 month measurement window from 1/01/05 to
9/30/05
Digital Insight Corp.
CONTACT: Tobin Lee, Corporate Communications, +1-818-878-6048,tobin.lee@digitalinsight.com, or Erik Randerson, Investor Relations,+1-818-878-6615, erik.randerson@digitalinsight.com, both of Digital InsightCorporation
Web site: http://www.peoplesbancorp.com/
Web site: http://www.digitalinsight.com/
Source: PRNewswire-FirstCall
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