Under terms of three newly signed agreements, Digital Insight (Calabasas, Calif.), the financial institutions division of Intuit Inc. , and Milwaukee-based Metavante will extend and expand existing cross-sales relationships and provide clients a variety of new online capabilities. The goal is to help financial institutions deliver a centralized and easy-to-use online banking and payment experience, the partners report.
The first agreement will enable Metavante's online banking clients to further solidify primary banking relationships by offering the financial management capabilities of Digital Insight's FinanceWorks as an optional component within Metavante's eBanking solutions. More than 160 financial institutions currently offer or are in the process of launching FinanceWorks, which has been available since fall 2008.
The second agreement renews a long-term marketing arrangement between the companies to promote increased adoption and usage of Metavante's online bill presentment and payment products among Digital Insight's clients. As part of this agreement, the companies recently completed a comprehensive effort to improve the bill presentment and payment user experience delivered through the financial institutions they both serve. The enhanced solution features a single-view landing page that includes a variety of billing, payee and quick-pay information.
The third agreement extends a June 2005 arrangement that makes Digital Insight's consumer Internet Banking and Business Banking solutions the exclusive third-party products resold to financial institutions that use Bankway software, Metavante's licensed core processing solution. (Editor's Note: On April 1, 2009, Metavante confirmed it would be acquired by Jacksonville, Fla.-based Fidelity National Information Services in a $3 billion deal.)
"Our agreements with Metavante are the latest examples of a highly successful, long-standing relationship that has been delivering great results since 1999," said Sasan Goodarzi, senior vice president of Intuit Inc. and president of Digital Insight, in a statement.
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio