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IDB Bank(R) Selects GIFTS Software's 'eGIFTS' Wire Transfer and Telecommunication Solution

Posted on: Wednesday, 16 August 2006, 09:00 CDT

NEW YORK, Aug. 16 /PRNewswire/ -- GIFTS Software, a leading provider of funds transfer, e-banking and anti-money laundering solutions, announced today that IDB Bank(R) has selected the "eGIFTS" wire transfer and telecommunication solution.

eGIFTS is an exciting next generation system designed to automate both the payment and telecommunications processing of a bank. eGIFTS is built upon GIFTS Software's more than ten years heritage of providing powerful wire transfer and telecommunications systems. Some of the benefits of the eGIFTS system include:

* Unprecedented System Availability & Ease of Use - eGIFTS utilizes the latest hardware and software technologies. * Flexible Hardware Platform Choices - eGIFTS is available on multiple platforms, such as the IBM Pseries or i5 Servers/AIX Operating System, the highly scalable Windows Server family and Sun/Solaris. eGIFTS utilizes an Oracle database. * Simple Product Implementation & Rollout - eGIFTS is a browser-based system. No special software is required on the user PC. Instead, users connect to the eGIFTS server by use of a web-browser, such as Microsoft Internet Explorer 6.0.

IDB Bank, a registered service mark of Israel Discount Bank of New York, is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Ranked by Crain's New York Business as the 9th largest commercial bank in the New York area, IDB Bank also maintains strong liquidity and capital ratios.

GIFTS Software has been successfully providing software solutions to the financial community since 1996. Our product line includes comprehensive compliance solutions, wire transfer, e-banking and customer relationship management systems designed to meet the demanding needs of the financial community. To discover how the GIFTS family of products can help streamline your business process, reduce costs, improve customer service and mitigate operational risks, please contact Paul Campanaro or Paul Gdanski at 646-865-1301, Ext. 217 or 240, or via email at pcampanaro@giftssoft.com or pgdanski@giftssoft.com.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Paul Gdanski http://profnet.prnewswire.com/ud_public.jsp?userid=340520 Paul Campanaro http://profnet.prnewswire.com/ud_public.jsp?userid=340526

GIFTS Software

CONTACT: Sydney Stone, +1-646-865-1301, ext. 241, orfax: +1-646-865-1308 for GIFTS Software

Web site: http://www.giftssoft.com/


Source: PRNewswire

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