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Edify Introduces Web Business Banking Software

Edify Corp. introduced the Business Banking Suite (BBS), a major enhancement to its Electronic Banking System that already includes a complete electronic bill presentment and payment solution.

By combining the power of the Web with that of a call center, BBS is intended to redefine the way in which banks deliver financial services to small business customers.

"We believe that the Web business banking software market is poised for growth in 1999 and beyond," said William A. Soward, VP product marketing at Edify Corporation. "Our announcements in the last two weeks not only underscore Edify's overall market leadership position in Web application software for financial institutions but also indicate our intent to gain 'first mover' advantage in emerging market opportunities."

Within BBS are six customer self service modules via which authorized business employees can access account information, initiate transactions, and communicate directly with financial institutions. The software also presents individual users with custom-tailored views of information, based on their preferences and access privileges.

Among BBS's key facilities are: Balance Reporting, which provides real-time summary and detail information on deposit, investment, loan and credit card accounts; Payments and Collections, enabling users to initiate internal transfer, wire transfer, ACH, bill payment, and stop payment transactions; and Profiles which lets a master user set account access privileges and transaction approval limits for other employees, said the vendor.

Available as a separately purchased option with Edify Electronic Banking System Release 3, BBS is scheduled to ship in Q4, 1998.