Fincentric and Paytrust
Partner to Offer Wealth Management and Online Bill Payment Services
Vancouver, BC — February 20, 2002
– Fincentric Corporation, a leading global provider of enterprise
wealth management and banking software, announced today that it
has entered into a marketing partnership with Paytrust, a leader
in electronic bill presentment and payment (EBPP). Under the agreement,
Fincentric will partner with Paytrust to offer high-touch technology
to financial institutions looking for EBPP as a value-added service
in addition to their wealth management and retail banking services.
Fincentric’s i-Wealthview™ is an enterprise
wealth management solution that features banking, brokerage and
insurance modules, designed to increase customer acquisition, customer
retention and profitability. The system provides everything the
financial institution needs to run front-office and back-office
operations, including core processing and integrated delivery channels,
such as Internet banking, branch, ATMs, IVR and wireless devices.
i-Wealthview’s powerful one-to-one marketing capabilities
are utilized to propose marketing and cross-selling campaigns tailored
to the customer’s personal profile for driving product sales
within the financial institution. i-Wealthview serves as a personal
wealth management portal for managing the banking, investment and
financial planning of the institution’s most profitable customers.
Unlike traditional bill payment offerings, Paytrust’s
unique ‘present everything’ capability enables consumers
and small businesses to receive, review, pay and organize all their
bills online. They receive bill notifications and reminders via
email rather than physical mail, and they can review their billing
information at anytime, from anywhere they have access to the Internet.
Through Paytrust, subscribers can issue payments to anyone directly
from any check-writing account, perform automatic checkbook balancing
using Paytrust’s innovative SmartBalance™ feature, and
download their complete billing and payment information to their
personal financial management software for further analysis.
“Fincentric has a strong position in the global
financial services technology arena, and we’re pleased to
partner with them, offering complete bill management services to
their growing list of wealth management customers,” said Edward
G. McLaughlin, Paytrust’s Founder and Executive Vice President.
“By providing a consolidated view of a customer’s portfolio,
Fincentric solutions help institutions analyze profitability and
grow profitable lifetime relationships. We complement this by offering
a single online destination for an institution’s retail customers
to receive and pay all of their bills online.”
Mike Cardiff, President and Chief Executive Officer
of Fincentric Corporation said, “Paytrust offers one of the
most efficient and convenient bill presentment and payment services
in the industry today. Theirs is a value-added high-touch service
that our global customers are demanding as a competitive edge.”
About Paytrust
Founded in October 1998, Paytrust is the flagship product of PAYTRU$T,
Inc., a privately held company based in Lawrenceville, New Jersey.
The Paytrust platform is designed to seamlessly integrate with partner
web sites to extend their services with a complete, consumer-focused
bill management solution. Paytrust has successfully deployed private
label Bill Centers for a number of premier financial institutions,
including American Express, Citibank and E*TRADE. Paytrust's unique
capabilities and superior user experience have earned a number of
prestigious awards, including Forbes' "Best of the Web 2001",
Business Week's "Top Products of 2000" and Yahoo Internet
Life's "Sites We Love." More information about the company
can be found on its web site, www.paytrust.com, or by calling 1-800-PAYTRUST.
Paytrust and SmartBalance are registered trademarks of PAYTRU$T,
Inc.
About Fincentric
Fincentric Corporation is a leading global provider of
enterprise wealth management and core banking software. Fincentric's
i-Wealthview™ wealth management software products include
'next generation' core banking, Customer Value Management™,
data aggregation, Internet and wireless financial portals and full
multi-channel support. Its revolutionary Customer Value Management™
capabilities provide profitability and relationship analysis that
allow financial institutions to recognize the value of each customer,
and maximize their profitability. Fincentric products enable financial
institutions to quickly deploy solutions for their converging financial
service offerings, while also supporting capabilities for increasing
customer profitability, customer acquisition, and retention. Fincentric
has approximately 300 customers worldwide, and has strategic relationships
with Microsoft, Compaq, and other international partners. For more
information, visit Fincentric's home page at www.fincentric.com,
or call (604) 278-6470.
Fincentric, i-Wealthview, i-Wealthview Banking and
Customer Value Management (CVM) are trademarks of Fincentric Corporation.
Media Contacts:
Fincentric Corporation:
Shella Evangelista
Media & Analyst Communications Manager
Fincentric Corporation
Tel: (604) 214-5710
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