Georgia's Oldest Credit Union Commits to Digital Insight for Five Years
CALABASAS, Calif., April 5 /PRNewswire-FirstCall/ -- Digital Insight Corp.
(Nasdaq: DGIN) (http://www.digitalinsight.com), the leading online banking provider,
announced today that Atlanta Postal Credit Union (http://www.apcu.com), one of the
50 largest credit unions in the nation, will implement Digital Insight's
AnyTimeLender, ContactCenterLender and DeskTopLender Premium online lending
solutions as part of a renewed strategic partnership agreement.
The new five-year agreement represents a strategic shift by Atlanta Postal
Credit Union, as the $1.4 billion financial institution moves from an in-house
lending system solution to a tightly integrated, multi-channel loan
origination system hosted by Digital Insight.
Digital Insight Lender Solutions deliver consistent decisions based on an
institution's lending criteria which can increase the percentage of instant,
automated decisions and reduce the costs required to originate loans. In
addition, the advanced loan origination system enables financial institutions
to automate underwriting decisions, which can help streamline front and back
office processes.
"By partnering with Digital Insight, Atlanta Postal is able to level the
playing field by using the latest technologies to provide members with a
consistent, quality service experience regardless of delivery channel," said
Chuck Head, senior vice president of lending for Atlanta Postal Credit Union.
"More efficient tracking and reporting capabilities will enable us to
cross-sell more effectively and allow us the flexibility to adjust to current
and future market conditions on the move."
Under terms of the new agreement, Atlanta Postal Credit Union also renewed
its agreement for Digital Insight's consumer Internet Banking solution, which
it has operated since 1999. Internet Banking products currently offered by
the credit union include bill payment and presentment, check imaging, online
statements and personal finance software connectivity. Atlanta Postal Credit
Union also participates in Digital Insight's free Growth and Retention
Program.
"Digital Insight is committed to delivering world-class applications and
operating infrastructure that enable financial institutions to compete and
win," said Jeff Stiefler, chairman, president and CEO for Digital Insight.
"We are pleased to expand our partnership with Atlanta Postal and be given the
opportunity to help improve the performance and profitability of their lending
business."
About Atlanta Postal Credit Union
Atlanta Postal Credit Union, chartered in 1925, is Georgia's oldest credit
union. APCU is among the largest credit unions in the nation and is the
biggest postal credit union in the United States. U.S. Postal Service
employees, whose primary goal was to provide affordable financial services to
fellow employees and their families, founded APCU. Like thousands of other
credit unions around the world, Atlanta Postal Credit Union is a member-owned,
not-for-profit financial cooperative, founded on the premise that working
people need a safe and sound place to save and borrow money. From an initial
investment of $2,505 in 1925, APCU's assets have grown to over $1.4 billion
and membership is now in excess of 90,000 members. Members nationwide enjoy a
full complement of financial products and services designed to save them
money.
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, including statements
regarding the continued success and future growth potential of the
relationship between Digital Insight and the client. Such statements are
based on management's current expectations. Because of various risks and
uncertainties, including unrealized expectations for continued success and
growth of the relationship between Digital Insight and the client, actual
strategies and results in future periods may differ materially from those
currently expected. 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.
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SOURCE Digital Insight Corporation
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Related links:
http://www.digitalinsight.com
http://www.apcu.com
CONTACT:
Tobin Lee, Corporate Communications,
+1-818-878-6069, tobin.lee@digitalinsight.com, or Erik Randerson,
Investor Relations, +1-818-878-6615,
erik.randerson@digitalinsight.com, both of Digital Insight
Corporation; or Ernie Buday of The Ledlie Group, +1-404-266-8833,
ernie.buday@theledliegroup.com, for Digital Insight Corporation
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