Press Releases
Online Banking Solutions (OBS) Announces Messenger Mobile Services for Online Messenger Multi-Channel Platform
- OBS to demonstrate new
mobile channel at 2009 AFP Annual Conference to support
commercial
banking transactions through iPhone, Blackberry smart phones -
In addition to the TEXT/SMS notifications already supported by Online Messenger, users may choose the mobile channel to view account balance, transaction information and special reports; to initiate account-to-account transfers, pre-defined payments or payment batches; and receive service alerts, payment advices and urgent notifications.
Messenger Mobile Services will provide a mobile banking channel with applications for iPhonetm and Blackberrytm smart phones. Enhanced security is enabled through a one-time pass code for entitled business accounts and subscribed services. Additional functionality includes secure transaction approvals and positive pay exception and decision support.
“Adding the mobile channel is a logical extension of Online Messenger and a new value-add product for OBS’ client banks,” says Dan Myers, OBS CEO and founder. “To date, most mobile banking implementations have been for consumers, but in today’s economic environment, financial executives need to have anytime-anywhere access to business bank accounts as well. It was time for a vendor to step up and deliver mobile functionality for businesses, and with Messenger Mobile Services, our clients’ commercial customers will benefit from the added convenience and flexibility of managing business accounts and cash flow from their smart phones.”
OBS will provide demonstrations at their booth (1933) of its new Mobile Messenger Services at the upcoming AFP Annual Conference in San Francisco on October 4-7, 2009.
OBS Rolls Out Web 2.0 Cash Management Portal
Messenger Financial Center provides convenient, flexible and secure business banking
ATLANTA, August 3, 2009 – Online Banking Solutions (OBS), a provider of next-generation cash management and business banking revenue-generating solutions for banks, announced the availability of its new Messenger Financial Center, a Web 2.0 cash management and business banking portal based on its latest version (3.0) of Online Messenger™. Online Messenger is a multi-channel event based information and file delivery platform providing commercial clients with a central access point for all online banking to view and execute financial transactions.
Built to meet contemporary scale, channel, security and integration requirements, OBS’ new Messenger Financial Center enables bankers to move beyond classic barriers to leverage delivery channels, files and transactions without limitation. Banks’ business customers can perform any type of financial transaction with ease, and the portal provides a powerful integration layer, designed to replace multiple Web application interfaces with a unified user experience. Additionally, Messenger Financial Center is designed for, and built on, a custom Web 2.0 framework that delivers a smooth and feature-rich user experience for an enterprise banking software solution.
According to Scott Graf, VP, Systems and Technology for OBS, “Web 2.0 technologies and methodologies are the next generation of enterprise Web applications. These applications are revolutionary as they leverage the Internet for the application platform and provide dynamic functionality that was until recently only found in desktop applications.”
Through the integration of Web 2.0 technologies into the OBS application’s design, banks and their business customers will benefit from an innovative user and operator experience. The new ASP service features advanced capabilities for banks to deliver the next generation of online reporting and transaction initiation services, including a new payments component using dynamic screens for transaction entry. Messenger Financial Center is deployed with the latest security countermeasures and non-repudiation features not available in today's standard Web 1.0 applications. Furthermore, the new Online Messenger Web Channel allows banks to leverage and deliver licensed Online Messenger services through the Web channel, as well as other licensed delivery channels.
“Financial institutions can no longer afford to invest in online banking systems that do not service and scale to the business banking market,” said Dan Myers, CEO for OBS. “Following seven years of high quality service with our Online Messenger ASP platform supporting several of the nation’s largest commercial banks, OBS offers a smart, long-term option with Messenger Financial Center. Based on an annual fee and monthly cost per user with absolutely no vendor transaction fees, banks can now manage to a fixed cost model, knowing how profitable the service will be. This provides financial institutions with a competitive edge in today’s economy.”
OBS Expands Team with Payments Expertise and Developers to Support New Portal Product
Hetrick to manage product strategy, support roll-out of new services designed to extend the reach of online cash management
Atlanta, GA, May 19, 2009: Online Banking Solutions (OBS), a provider of next-generation cash management and business banking revenue-generating solutions for banks, has appointed Tracy Hetrick as Director of Product Management, and Adam Lister and Richard Browning as Senior Developers on the company’s Messenger Financial Center development team. OBS also expanded its facilities with additional office space to support the company’s rapid growth. OBS has been in business for seven years and remains private and profitable.
Hetrick brings more than two decades of banking and payments experience and will lead the overall strategy of OBS’ products and services in her new role. She has held a variety of management positions and was a founder of Magnet Communications, Inc. Responsibilities at Magnet included new product and custom product design, requirements documentation,customer collaboration on the design of new and custom product modules, and project management.
Hetrick most recently served as a senior managing consultant at IBM in the Banking Payments Practice, where she was primarily responsible for business requirements development, process analysis/design, architectural/application review, vendor selection, thought leadership and client mentoring. She earned a BSBA from the University of Florida and is also an AAP (Accredited ACH Professional). She is currently working toward an MBA from the University of Georgia.
“The addition of Tracy, as well as Adam and Richard, to the OBS team and the need for office expansion to support our growth demonstrates that we intend to leverage our expertise in the online business banking market,” said Dan Myers, CEO of Online Banking Solutions. “As an integral figure in two of my previous ventures, Tracy has proven to be an invaluable asset and will surely bring with her unsurpassed industry knowledge and experience that will greatly benefit our customers and prospects. Adam and Richard add to the current talented and agile development team, which is very strong in new technologies and will position OBS to offer next-generation business banking services, flexible data transformation and secure file transfer services.”
Online Banking Solutions (OBS) M-Secure Banking Operational Controls Confirmed by Independent Audit
Online Banking Solutions (OBS) Completes SAS 70 Type II Audit for Online Messenger and Reports 100% System Availability During 2008
Atlanta, GA, March 9, 2009: Online Banking Solutions (OBS) today announced the successful completion of an independent SAS 70 Type II audit confirming the Online Messenger Platform's operational controls and compliance.
Online Messenger provides online,event-based and multi-channel banking services to financial institutions and their customers in a 100% hosted or application service provider environment.
In addition to meeting these stringent service organization standards for its outsource business, OBS reported 100% system availability, which is critical to its many major U.S. banking clients.
The successful completion of the SAS 70 - II audit (Statement on Auditing Standards No. 70: AICPA) means that an independent auditor has confirmed OBS's service organization's adherence to adequate internal controls including security for its operations and Online Messenger Platform. "Superior performance and audit compliance are necessities for OBS'client banks," says Dan Myers, OBS' CEO. "OBS is as committed to compliance and performance for our clients as we are obligated to provide them innovation, means for revenue enhancement, and the next generation of efficiency.”
Bank of Hawaii Licenses Online Banking Solutions M-Secure File Transfer and M-Secure Browser for Enhanced Web Cash Management Services
Online Banking Solutions (OBS) announces that Bank of Hawaii will Implement the Online Messenger™ M-Secure File Transfer and M-Secure Browser
Atlanta, GA, October 20, 2008: Online Banking Solutions (OBS) today announced that Bank of Hawaii will implement the OBS Online Messenger M-Secure Banking Suite for Cash Management customer file transfer and information delivery products.
Online Banking Solutions (OBS) developed the M-Secure Banking Suite to provide straight-forward and secure file exchange between the bank and its customers through any of three delivery channels: Web, Desktop Connection or Secure FTP. M-Secure Browser is a hardened internet browser with integrated two-factor and mutual authentication and the new M-Secure Virtual Keyboard designed to minimize Internet fraud and risk.
With M-Secure File Transfer OBS banks can transmit and receive data automatically without scripts or manual intervention. Online Messenger regularly checks for files to be delivered to clients or sent to the bank from designated folders on the customer's PC. Customers need only place a file in the designated "send" folder and the file will be automatically transmitted to the bank. No complicated FTP processes, no modems, no scripts. Every step of the transfer process is monitored and audited by the system.
Data Delivery is secure; a strong encryption algorithm with a 448-bit key is used in combination with a unique User ID and one-time password generated only with the user's private PIN.
Banks using OBS can optionally offer email and cell phone alerts to immediately notify clients when a file has been sent. Users have unique alert settings which can be controlled via the Online Messenger web administration functions.
"The M-Secure Banking Suite marks the introduction of next-generation web cash management," says Dan Myers, OBS CEO. "These highly secure multi-channel products enable unattended file delivery and straight-through processing capabilities for real-time banking to customers of all sizes that is affordable and service responsive."
About Bank of Hawaii
Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company's principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. For more information on Bank of Hawaii Corporation visit the company's web site: www.boh.com
First Tennessee Bank Implements Online Banking Solutions Secure File Transfer Service for Commercial and Small Business Customers
Online Banking Solutions (OBS) announces First Tennessee Implementation of the Online Messenger™ Multi-Channel Information Delivery Platform
Atlanta, GA, October 20, 2008: Online Banking Solutions (OBS) today announced that First Tennessee Bank successfully implemented the OBS Online Messenger system with the introduction of automated file delivery services for commercial and small business customers.
The bank's Online Messenger rollout plan includes a package with simple file mapping and data integration features for small business owners eliminating the need to format files to bank specifications.
"With the new OBS Secure File Transfer Service, our customers no longer need to write cumbersome scripts to transmit a file. In addition, when another copy of a file is needed, the customer can activate the request online versus having to call into the customer support area," said Nanette Crocker, SVP, First Tennessee Bank.
According to Crocker, the file mapping feature enables the bank to expand its Positive Pay customer base since small businesses can now send simple spreadsheet formats that are systematically converted to the bank's required file layout.
"Leveraging the tools utilized by a small company enables Treasury Management services to meet the needs of the business banking market," says Joe Spatarella, OBS vice president of Sales and Marketing. "Features that enable secure file transfer with a straight-forward "browse and attach" approach remove complexity and cost of entry barriers to service and resulting revenue growth."
About First Horizon
The 6,500 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 200 bank locations in and around Tennessee and 14 capital markets offices in the U.S., Hong Kong and Tokyo. First Tennessee Bank has the largest market share in Tennessee and one of the highest customer retention rates of any bank in the country, and FTN Financial is one of the nation's top underwriters of U.S. government agency securities. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information can be found at www.fhnc.com
Commerce Bank Implements Online Banking Solutions Event-Based Alerts
Online Banking Solutions (OBS) announces Commerce Bank Implementation of the Online Messenger™ Alerts Service for Wire Transfers.
Atlanta, GA, October 20, 2008: Online Banking Solutions (OBS) today announced that Commerce Bank, the principal subsidiary of Commerce Bancshares, Inc. a $17 billion, Missouri-based regional bank holding company, successfully implemented the OBS Online Messenger Alerts service to provide clients with full detail of their incoming and outgoing wires.
Long time OBS customer Commerce Bank leveraged the highly flexible Online Messenger platform to roll out additional event-based multi-channel reporting to meet the growing needs of the business banking market. This service extends traditional online information reporting to both the email and text message channels.
"With the new service, Commerce customers are among the first in the banking industry to receive encrypted messages containing detail of their wire transactions - considered much more useful than simple notifications that a wire has been received," said Bruce Bienhoff, vice president, Product Development, Commerce Bank.
"Wire notifications add real-time reporting to traditional Treasury Management products and services," says Joe Spatarella, OBS vice president of Sales and Marketing. "In the current volatile environment, up-to-the- minute information about transactions is a requirement for funds management and control."
About Commerce Bank
Commerce Bank, N.A. is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $17 billion regional bank holding company. For more than 140 years, Commerce Bank has been meeting the financial services needs of individuals and businesses. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management and estate planning and investments through its subsidiary and affiliated companies. Commerce Bank currently operates in approximately 350 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital and real estate activities. For additional information, please visit www.commercebank.com or email mymoney@commercebank.com