May 19, 2004
SORTLOGIC SYSTEMS FORGES NEW TECHNOLOGY ALLIANCE TO HELP FINANCIAL INSTITUTIONS
EASE MIGRATION TO ELECTRONIC BANKING
Strategic Agreement with Sumx to Help Banks Implement
Internet Banking to Improve Profitability, Flexibility and
Customer Service
PLANO, TX, May 19, 2004 – SortLogic SYSTEMS, a division of Omni-Soft,
Inc., today announced that it is teaming with Sumx Inc., a leading provider
of Internet banking solutions, to significantly expand its already robust suite
of electronic banking tools.
SortLogic SYSTEMS’ business partners now will be able to access flexible
onsite Internet banking through the SumxNet Internet banking platform,
which SortLogic SYSTEMS will market as SortLogic Internet Banking. The
new alliance enriches SortLogic SYSTEMS’ overall portfolio of products,
technologies and services to help software developers and hardware
manufacturers improve electronic banking systems performance and gain
competitive advantage in heterogeneous IT environments.
“SortLogic SYSTEMS is constantly expanding the components, technologies
and services we offer our business partners to help them improve their
performance and speed time-to-market,” said Omni-Soft President Clint
Shank. “This alliance will help financial institutions develop the Internet
banking platform they need to drive competitive success, provide exceptional
service, and extend their electronic banking initiatives.”
“The SortLogic SYSTEMS and Sumx alliance will help financial institutions
accelerate the deployment of mission-critical Internet banking solutions,”
said Bazile Lanneau, Jr., president and CEO of Sumx. “The agreement
further enhances SortLogic SYSTEMS’ ability to help business partners power
the electronic banking enterprise, minimize costs and decrease roll-out time,
through the integration of SumxNet with SortLogic tools.”
The SortLogic SYSTEMS and Sumx alliance gives financial institutions access
to the critical information and payment processing capabilities necessary to
drive competitive success in the emerging electronic banking environment.
Based on proven information delivery and management principles, the robust
SumxNet platform combines highly interactive features for both retail
customers and corporate accounts to help banks increase productivity,
flexibility and customer service. Sumx takes full advantage of the flexibility
and scalability its SumxNet platform to deliver a wide range of Internet
banking capabilities, including: account summary and history, bill payment,
check image access, transaction processing and tracking, stop payments,
change of address requests, online calculators, interest rate information,
funds transfer, online libraries, check categorization, multi-lingual
capabilities, and small business services, such as ACH.
SumxNet eliminates financial institutions’ dependence on service bureaus by
enabling them to incorporate customer information directly into their inhouse
Internet banking systems – allowing them to package and price
Internet banking services as they choose.
SortLogic SYSTEMS will preview its Internet banking solution at BAI TransPay.
About Sumx Inc.
Sumx is a provider of flexible onsite Internet banking solutions for financial
institutions throughout the United States. The company enables financial
institutions to offer retail customers and small business accounts streamlined
electronic transactions and extended customer service. The company’s
Internet banking system, SumxNet, was developed at a strategic banking
location in the southeastern United States in 1995. Combining Sumx’
understanding of connectivity, information delivery and database
management with the expertise of technologically advanced bankers has
made its product uniquely feature-rich. Sumx has offices in Lewisville, TX
and Natchez, MS.
About SortLogic SYSTEMS
SortLogic SYSTEMS, a division of Omni-Soft, Inc., is a leading software tool
provider to the check and payment processing industries. SortLogic
SYSTEMS’ products process more than 35 million items every day as
deployed in more than 650 document sorters across the Federal Reserve
System and over 55 financial institutions in the United States, Puerto Rico,
and Spain. The company is privately held and is headquartered in Plano, TX.
For more information on SortLogic SYSTEMS, please call 972-423-2344 or
visit the company’s Web site at www.sortlogic.com. SortLogic is a registered
trademark of Omni-Soft, Inc.