OBS Integrated File Delivery and Coastal Software & Consulting Integration Remove Barriers to Business Payments Revenues for Banks |
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Online Banking Solutions
75 5th Street, NW, Suite 322
Atlanta, GA, 30308
USA
Press release date: April 16, 2007
CHICAGO, April 16: -- Online Banking Solutions (OBS) announced today at the NACHA Payments Conference a new partnership and reseller agreement with Coastal Software of Vancouver, WA.
OBS EASY Payment File Delivery service provides end-to-end payment file creation, processing and secure delivery with integrated connectivity to the most popular accounting packages, such as QuickBooks and Peachtree. Company users need only select the type of transactions to be created such as payroll, vendor and customer payments. EZ-Direct Deposit software reformats the data into NACHA and ANSI X12 formats and relays completed files to the Online Messenger Secure File Transfer mechanism for automatic delivery to the bank for processing. Online Messenger performs virus checking, file validation and notifications of delivery. Additional authentication is available through the OBS Secure Desktop.
"Integration with business ERP and accounting systems is the last and most difficult mile for financial institutions and stands in the way of new payments revenues. Our product strategy is to create innovative solutions for business banking clients and remove barriers to straight-through payment processing," said Joe Spatarella, OBS VP.
About Coastal Software & Consulting, Inc. and EZ-Direct Deposit(TM)
Coastal Software and Consulting is a leading provider of integrated ACH Solutions, business resource management software and education.
EZ-Direct Deposit(TM) is a one-of-a-kind solution that allows secure and efficient electronic funds transfer and collection. With EZ-Direct Deposit(TM), direct deposit transactions can be delivered to Financial Institutions in conjunction with any of the most popular accounting packages, such as QuickBooks and Peachtree, improving cash flow while reducing staff time and costs.
About OBS
OBS is a technology company providing next-generation Cash Management and Business Banking information, payment, data delivery and automated enrollment solutions to Financial Institutions.
Based on the event-based, multi-channel Online Messenger(TM) ASP platform, products include: Secure Information Delivery with "virtual link" to Secure Desktop, Secure File Transfer, Single Sign-On and OnBoard automated customer enrollment. OBS clients include 3 top 10 banks and 7 banks in the top 50.
Source: Online Banking Solutions
CONTACT: Joe Spatarella Online Banking Solutions (OBS), +1-410-203-1848, joe.spatarella@onlinebankingsolutions.com Web site: http://www.onlinebankingsolutions.com/
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