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uMonitor Ranks Among America’s Fastest-Growing Private Companies |
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Financial technology firm named on the Inc. 5,000 with three-year sales growth of 304.7 percent |
Memphis, Tennessee – October 11, 2005 - PM Systems Corporation, an established provider of software and Internet Banking solutions for the credit union industry for nearly two decades, and Parsam Technologies, the leading uMonitor financial technologies provider, announced today their partnership to offer greater services and higher value to credit unions. |
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The WebFederal2™ Internet Banking solution, developed by PM Systems, is a seamless platform that delivers a full range of services including Internet Banking, Electronic Bill Payment, extra security and much more. PM Systems’ products are faster, stable, and less expensive than other suppliers. Through this new partnership, PM Systems will offer the uMonitor suite of products including New Account Setup and Online Funding solution with Switch Kit and Account-to-Account (A2A) Funds Transfer Service (FTS) to its customers. The New Account Application will enable PM Systems’ credit union’s members to apply for new deposit and loan accounts online, in a branch, or via call center. Members can use the online funding option to fund their new accounts from bank accounts or use credit cards. The New Account Setup also offers an integrated switch kit to transfer direct deposits and automatic payment services as well as close external accounts. The A2A FTS service will allow PM Systems' credit union’s members to securely transfer money between accounts at any financial institution online. Members will have the ability to perform a transaction on demand, schedule a transaction for a future date, or schedule recurring transactions. The A2A FTS solution will be available with single sign-on service from the PM Systems Internet Banking platform. “At PM Systems, we work closely with our clients to recognize their growing needs. Our partnership with uMonitor will deliver the most innovative solution offerings to our clients, enabling them to compete with larger financial institutions with state-of-the-art services,” stated Jim Krakeel, President of PM Systems Corporation. He added, “uMonitor’s success in the credit union industry, combined with their market presence with New Account Setup and A2A, made it a natural and strategic fit for our core offerings to new and existing credit union clients and their members.” Dinesh Sheth, CEO of Parsam Technologies, stated, “We are pleased with the opportunity to work with PM Systems Corporation to meet their consumer demands for industry-leading technologies. With their long tradition of delivering exceptional service and highest value to many credit unions, we are looking forward to a new chapter in their history.” uMonitor is recognized in the financial services industry for delivering highly dependable services to meet credit union and bank requirements – the best technology, exceptional customer service, and fast system implementation – at a very affordable price. About PM Systems Corporation PM Systems Corporation, headquartered in Chapin, South Carolina, is a leading provider of hardware, software, security, Internet Banking, and network solutions for the credit union industry. PM Systems offers a comprehensive line of integrated products developed to operate as one seamless platform. These services include WebFederal2™ Internet Banking platform, CheckFederal™ Bill Payment, WebLender™ Loan Wizard, LoanDepartment™ Direct and Indirect Lending, Edit-In-Place™, and CUDefense™ Intrusion Detection System, and more. For further information about PM Systems Corporation, visit the company’s web site at www.pmsyscorp.com |
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About uMonitor – Parsam Technologies For more information, please visit www.umonitor.com or contact Gillian Smoot at gsmoot@umontitor.com or by phone at 901.757.1212, ext.7115. |
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Parsam Technologies , LLC Third party trademarks, trade names, product names, and logos are the property of their respective owners |
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