INTELIDATA AND NOBLESTAR PARTNER TO DELIVER INTEGRATED INTERNET BANKING AND WIRELESS BANKING SOLUTIONS
New Orleans, LA and Reston, VA, December 1, 2000 ˇV InteliData Technologies Corp. (Nasdaq: INTD), a leader in Internet banking and bill payment technology, and Noblestar, the company that elegantly engineers successful digital businesses, announced plans to offer financial institutions integrated solutions for wired and wireless Internet banking. The robust solutions will enable fully wireless banking for personal digital assistants (PDAs), wireless application protocol (WAP)-enabled mobile telephones and short messaging service (SMS)-based pagers. The solutions will be marketed exclusively by InteliData.
Developed by Noblestar, the flexible and scalable solutions would leverage the proven reliability of InteliDataˇ¦s tested Internet banking product suite, InterposeTM, installed at many of the top financial institutions in the country. Consumers using InteliDataˇ¦s wireless banking solution will be able to use their wireless devices to view account balances and transaction histories, transfer funds and receive and pay bills. Noblestar and InteliData previously partnered to deliver Interpose, with Noblestar providing strategic technology insight and development expertise to bring the project to life.
ˇ§Research from Celent Communications estimates that there will be 150 million wireless financial service users worldwide by 2004,ˇ¨ said InteliData President and CEO Al Dominick. ˇ§We want to be well-positioned with stable technology that can meet the demands of large financial institutions who want to bring wireless banking to their customers.ˇ¨
ˇ§Through our delivery of more than thirty mobile and wireless engagements in the U.S. and Europe, we are able to help our clients apply advanced technologies to drive business success,ˇ¨ said Noblestar Founder and CEO Paul Opalack. ˇ§Our partnership with InteliData illustrates Noblestarˇ¦s strength in building applications today that can give our clients a competitive advantage in the wireless world.ˇ¨
Note to Editors: InteliData will be demonstrating its wireless banking and EBPP prototype for PDAs at Booth 1801 of BAIˇ¦s Retail Delivery 2000 Conference at the Ernest N. Morial Convention Center in New Orleans, Nov. 28-Dec. 1. Screen shots of the wireless EBPP prototype are also available from InteliData.
Pioneering cutting-edge technologies for more than a dozen years, Noblestar elegantly engineers successful digital businesses today to power the classic businesses of tomorrow. Noblestar has earned a reputation among industry leaders for delivering high impact, complex business solutions in rapid timeframes for Global 1000 companies. Noblestar recently launched its Wireless Accelerator, a community of wireless experts who focus on innovation, development, awareness, and education, as well as develop next-generation technologies that Noblestar can apply to its clientsˇ¦ eBusiness strategies. Headquartered in Reston, Virginia, Noblestar has 460 employees in 10 locations around the world, including Amsterdam, Austin, Boston, Houston, London, New York City, Parsippany, San Francisco, and Warsaw. Information about Noblestar can be found at www.noblestar.com
About InteliData [www.intelidata.com]
InteliData, with headquarters in Reston, Va., provides financial institutions with the critical, real-time financial processing infrastructure they need to Internet-enable their enterprise. Nine of the top 100 U.S. banks are customers of InteliDataˇ¦s current generation of Internet banking products and services, and twenty of the top 100 U.S. financial institutions and financial service providers have chosen InteliDataˇ¦s products and services for their electronic financial delivery.
InteliData has two complementary lines of business, which provide for both an end-to-end Internet banking solution, Interpose· Connect, as well as a comprehensive electronic bill presentment and bill payment (EBPP) solution, the Interpose· Payment Network. These solutions can be implemented either in-house or in an application service provider (ASP) environment. Interpose Connect is an industrial strength, scalable and reliable transaction and payment processing solution that provides real-time and fully synchronized connectivity to banksˇ¦ systems of record. The Interpose Payment Network provides an end-to-end, bank-centric bill presentment and payment solution that gives banks the ability to process ˇ§on-usˇ¨ transactions internally, take advantage of interbank exchanges like Spectrum, and leverage third-party payment processors.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to the timely development of wireless banking solution by Noblestar and InteliData and the companyˇ¦s ability to market these applications in a developing but unproven market, the ability of the Company to complete implementations in required time frames and the Companyˇ¦s ability to increase its recurring revenues and profits through its ASP business model, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace of consumer acceptance of home banking and reliance on the Companyˇ¦s bank clients to increase usage of Internet banking by their customers, mergers and acquisitions, risk of integration of the Companys technology by large software companies, the ability of financial institution customers to implement applications in the anticipated time frames or with the anticipated features, functionality or benefits, reliance on key strategic alliances and newly emerging technologies, the ability of the Company to leverage its Spectrum relationship into new business opportunities in the EBPP market, the on-going viability of the mainframe marketplace and demand for traditional mainframe products, the ability to attract and retain key employees, the availability of cash for long-term growth, product obsolescence, ability to reduce product costs, fluctuations in operating results, ability to continue funding operating losses, delays in development of highly complex products and other risks detailed from time to time in InteliData filings with the Securities and Exchange Commission. These risks could cause the Companys actual results for 2000 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData.