Flushing Savings Bank Chooses ACI Worldwide for End to End Payment Processing
Tuesday, October 23, 2007
(New York, N.Y. – 23 October 2007) – ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced that Flushing Savings Bank has selected ACI Enterprise Banker™ and ACI Money Transfer System™ as the cornerstones of its online business banking initiative. ACI Enterprise Banker will allow Flushing to meet the online banking needs of all business customers, from small-businesses up through large corporations, from a single product. The ACI Money Transfer System automates wire processing for global payments processing and risk management. Together the solutions provide straight through processing for end-to-end payment processing and management. The bank, with $3.2 billion in assets and fourteen banking offices in the New York metropolitan area, will leverage ACI’s On Demand hosted services environment to reduce time-to-market and accelerate delivery of the new online banking and wire transfer products.
“The competition for cash management business in our market is particularly fierce and we will be competing against some of the largest banks in the country,” said John R. Buran, Flushing Savings Bank’s president and chief executive officer. “As we transition from a traditional thrift to a more commercial-like bank, ACI’s Enterprise Banker and Money Transfer System will provide our business customers with ‘top-of-the-market’ solutions for online banking and payments. Enterprise Banker’s robust functionality and granular entitlements coupled with the Money Transfer System’s straight through processing capabilities give us a distinct advantage. ACI has demonstrated a thorough understanding of our needs and they have the expertise and experience to guide us through service implementation and product roll-out.”
“Flushing Savings Bank is a great example of a community bank operating in a very competitive territory,” said Ralph Dangelmaier, president of ACI Worldwide Americas. “ACI’s end-to-end solution for payments and online banking gives Flushing Savings Bank the competitive edge it needs. By capitalizing on Enterprise Banker’s proven product offering and the Money Transfer System’s market-leading capabilities, Flushing can establish a best-of-breed online banking solution that is comparable to or better than more expensive, internally developed bank systems. Furthermore, ACI’s On Demand option relieves Flushing of the technical burden of implementation and maintenance, allowing the bank to focus on customer sales and product marketing activities.”
About Flushing Savings Bank
Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC, is a wholly-owned subsidiary of Flushing Financial Corporation (NasdaqGS: FFIC). The Bank conducts its business through fourteen banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. Additionally, the Bank has further expanded outside its geographic footprint with its online banking division, iGObanking.com. Additional information on Flushing Savings Bank may be obtained by visiting the Company's web site at http://www.flushingsavings.com.
About ACI Worldwide, Inc.
Every second of every day, ACI Worldwide solutions are at work processing electronic payments, managing risk, automating back office systems and providing application infrastructure services. ACI is a leading international provider of solutions for banking, retail and cross-industry systems. ACI serves more than 800 customers in 84 countries including many of the world's largest financial institutions, retailers and payment processors. Visit ACI Worldwide at www.aciworldwide.com.
Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding ACI Worldwide Incorporated, its subsidiaries or third parties’ expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially.
For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K filed on May 11, 2007, the Company’s Form 10-Q for the fiscal quarter ended December 31, 2006 filed on June 29, 2007 and the Company’s Form 10-Q for the fiscal quarter ended March 31, 2007 filed on August 10, 2007.