23.06.2008 12:30:00
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CUNA Strategic Services Names Digital Insight Preferred Online Banking Provider
Digital Insight®,
an Intuit company (Nasdaq:INTU),
and Credit Union National Association Strategic Services, or CSS, today
announced a strategic relationship to arm the nation’s
more than 8,000 credit unions with best practices for driving active use
of the online channel. CSS also named Digital Insight its preferred
provider of online
banking products and services.
Digital Insight was selected after a thorough study found that the
company will play an important role in CSS’s
efforts to help credit unions compete in a growing and evolving
marketplace.
According to Forrester Research, online banking adoption in the U.S. is
expected to increase from 48 million households today to approximately
70 million households by 2011, with the strongest growth coming from
Generation-Y users. Intuit research also indicates there is a
significant opportunity for financial institutions to become the primary
source of financial products and services for small business.
The strategic relationship enables credit unions to work with Digital
Insight to attract, serve and deepen relationships with these and other
emerging member segments. It also affirms CSS’s
preference for Digital Insight’s consumer
Internet Banking and Member
Business Services platforms, its next-generation FinanceWorks
solutions, Growth
and Retention Services, online bill payment and other products.
"Digital Insight has a wealth of knowledge
about how consumers and businesses manage their finances, and this
expertise is built into every solution and service it offers,”
said Wes Millar, senior vice president of CUNA Strategic Services. "Our
new relationship will help credit unions better capture, grow and keep
primary financial relationships with members.”
Since 1995, Digital Insight’s on-demand
platforms have enabled credit unions to focus their resources on
delivering value to their members by outsourcing their online banking
operations instead of worrying about managing in-house solutions. The
company also helps financial institutions drive adoption and active use
of online solutions with innovative marketing services, competitive
intelligence and other capabilities.
"A strong online presence and the means to
drive active use of the online channel is vital to the success of credit
unions that want to remain relevant to members today, and tomorrow,”
said Sasan Goodarzi, president of Digital Insight. "This
relationship demonstrates that we are making good on our promise to
provide credit unions with the products and services needed to compete
and win in the marketplace.” About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting
professionals. Its flagship products and services, including QuickBooks®,
Quicken® and TurboTax®
software, simplify small business management and payroll processing,
personal finance, and tax preparation and filing. ProSeries®
and Lacerte® are
Intuit's leading tax preparation software suites for professional
accountants. The company's financial institutions division, anchored by
Digital Insight, provides on-demand banking services to help banks and
credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $2.67 billion in its
fiscal year 2007. The company has approximately 8,000 employees with
major offices in the United States, Canada, the United Kingdom and other
locations. More information can be found at www.intuit.com.
About Digital Insight
Digital Insight is the leading outsourced provider of online banking
services to mid-market banks and credit unions in the United States. The
company's extensive portfolio of on-demand applications includes
consumer and business Internet banking, online lending, electronic bill
payment and presentment, Web site development and hosting, marketing
programs designed to help increase online banking end user growth, and
more.
On Feb. 6, 2007, Digital Insight was acquired by Intuit Inc. and is now
known as Digital Insight®
an Intuit® company.
Together the companies serve more than 5,000 financial institutions,
nearly 25 million consumers and nearly 7 million small businesses.
About CUNA Strategic Services
CUNA Strategic Services Inc., owned jointly by Credit Union National
Association (CUNA) and the state leagues, provides credit unions with
access to high quality products, services, and technologies delivered
with a competitive advantage made possible through volume pricing and
strategic program development. CUNA serves 90 percent of America’s
8,500 credit unions, which are owned by more than 90 million consumer
members. Credit unions are not for profit cooperatives providing
affordable financial services to people from all walks of life. For more
information, visit strategicservices.cuna.org.
Intuit, the Intuit logo, and Digital Insight among others, are
registered trademarks and/or registered service marks of Intuit Inc. in
the United States and other countries. Other parties' trademarks or
service marks are the property of their respective owners and should be
treated as such.
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