UMB Financial Launches Web Exchange(SM)Terry D'Amore
June 28 2006 - 8:34AM
Business Wire
UMB Financial Corporation (NASDAQ: UMBF) announces the launch of
their new online banking tool Web Exchange(SM) that provides a
secure, efficient method for businesses to handle online banking
services. Customers may begin utilizing the service today. "The
service is a multi-million dollar investment that will place UMB at
the forefront of business online banking," said Terry D'Amore,
Executive Vice President of UMB Treasury Management. "Our new
service incorporates advanced features that meet the security and
ease-of-use demands of our customers." The new Web Exchange service
includes the following benefits: -- Robust, real-time information
reporting with the ability to filter, sort and save customized
reports -- Flexible information exporting options to feed existing
systems -- Email alerts for proactive business decisions --
Streamlined transactions with real-time account transfers -- Online
real-time stop payment placement -- Improved security features
including customer self-administration functionality UMB Web
Exchange is one of several technology advancements UMB Treasury
Management is initiating in 2006. The investments in systems and
technology systems are designed to deliver efficient services to
customers and to position UMB at the forefront of Treasury
Management services. The new Web Exchange service leverages
WebSeries(R), a patented Enterprise Payments Platform from
Bottomline Technologies, which enables users to originate, process
and report on all types of payments through a single, Web
interface. "Web Exchange represents a progressive, forward-thinking
approach to customer service that will help businesses to meet the
challenges of the changing payments landscape," said Joe Mullen,
CEO of Bottomline Technologies. "Supported by our configurable and
modular payments platform, UMB is able to deliver greater value to
customers and expand their market leadership." UMB Financial
Corporation is a multi-bank holding company headquartered in Kansas
City, Mo., offering complete banking and related financial services
to both individual and business customers nationwide. Its banking
subsidiaries own and operate 142 banking centers throughout
Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and
Arizona. Subsidiaries of the holding company and the lead bank, UMB
Bank, n.a., include an investment services group based in
Milwaukee, Wisconsin, a trust management company in South Dakota,
and single-purpose companies that deal with brokerage services,
consulting services and insurance. UMB was named one of Business
Week's "Web Smart 50" companies in 2005.
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