WATERBURY, Conn.--(BUSINESS WIRE)--April 25, 2000--Webster Bank is providing its business customers with powerful Internet tools to help manage their accounts. Through a partnership with Hamilton and Sullivan, Ltd., a software company specializing in financial applications, Webster will allow customers to use a Web browser to manage financial reporting and complete transactions.
"Our customers will be able to access their business accounts, complete transfers, make loan payments, stop payments and initiate wire transfers using the Internet," said Laurance A. Selnick, senior vice president, Cash Management Services and Sales for Webster. "We know our customers are using the Net for business and are looking for their bank to continue to provide banking and other services to meet their needs."
"Webster's goal is to create value-added customer solutions that leverage the power of the Internet," said Francis P. Duggan, senior vice president of Webster's E-Business Group. "This is another successful step in our continuing strategy of investing in the Internet to create powerful Web-based solutions for our business customers."
Hamilton and Sullivan, Ltd. Provides client/server-based products and services to the financial industry, including online banking, account analysis and wire transfer. The company assisted Webster in upgrading its PC-Link(TM) system, migrating it to a secure, browser-based platform.
"We are pleased to partner with Webster Bank," said Hamilton & Sullivan CEO Rick Hamilton. "Webster selected our firm due to the quality and comprehensive nature of our products, and our high level of customer service. Deploying our online banking, account analysis, and wire transfer systems at an organization with the focus on quality that Webster has ensures that our systems remain the best of breed."
Connecticut-based Webster Bank provides business and consumer banking, mortgage, insurance, trust and investment services through more than 125 banking offices, 200 ATMs and the Internet (www.websterbank.com). Webster's online mortgage subsidiary at www.nowlending.com on the Worldwide Web originates low-cost mortgages across the United States.
CONTACT: Webster
Jim Kalach, Media,
203/578-2461