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UK's Deluxe Data Launches Three Internet Banking Solutions

UK-based Deluxe Data International Ltd. has launched three new Internet banking products in anticipation of a predicted increase in demand for online banking services in Europe.

The vendor said the new products will provide highly flexible services, reflecting the unique needs of a financial institution's various market segments.

The new products are: Deluxe Internet Financial Management for Home, which enables customers to access their accounts from home over the Internet. The second is Deluxe Internet Financial Management for Business, which allows small- to medium-sized businesses to manage their payments and control their cash flow. Thirdly, Deluxe Internet Financial Management for Corporate is a system that allows banks to interact with sophisticated corporate customers.

"Financial institutions are being compelled to embrace the online culture," said Ron Drake, managing director, Deluxe Data International. "They are realising that Internet banking allows them to expand their customer base to capture tomorrow's technologically literate customers."

"The Internet provides the optimum service levels demanded by those customers--24 x 7 access and up-to-the-minute information," Drake said. "These products also support an infrastructure which gives financial institutions the ability to package a whole range of products and services for delivery across multiple channels. Already banks are expanding their services beyond traditional boundaries into mortgage advice and bill payment. It is vital that online services are offered as part of this growing portfolio."

The new products are based on Windows NT and use other Microsoft technologies, such as SQL Server 7.0, Microsoft Transaction Server and Active Server Pages, to optimise Internet delivery. The result, says the vendor, is a cost-effective platform for financial institutions--which delivers the performance, scalability and resilience that are necessary for secure online services.

Deluxe Data International Limited is an affiliate of Deluxe Electronic Payment Systems, Inc., one of the largest third party processors of EFT transactions in the United States.