NAVY FEDERAL CREDIT UNION TAPS BTI FOR ACH ORIGINATION
Nation's largest credit union to implement Brinkman's PowerLine ACH Origination
DALLAS (September 29, 1999).Brinkman Technologies, Inc. (BTI) announced today that its PowerLine ACH Origination system has been selected by the Navy Federal Credit Union (NFCU), the nation's largest credit union, to enable the origination of electronic transactions.
With PowerLine ACH Origination, Navy Federal will have an efficient means of transferring funds to and from members' accounts at other financial institutions, by Internet request. Beyond simply originating the ACH debit and credit transactions, PowerLine can originate tax payments, process grouped debit or credit transactions (e.g. payroll deposits, quarterly dues, monthly loan payments by date, etc.), and create NACHA formatted files for entry into the Federal Reserve System.
About Navy Federal Credit Union
Navy Federal Credit Union is the world's largest credit union, with over $11 billion in assets and 1.8 million members. Headquartered in Vienna, Virginia, it has 87 member service centers and 212 "No Surcharge" ATMs worldwide. The credit union primarily serves military and civilian personnel of the Navy and Marine Corps and their families. Visit Navy Federal's Web site at www.navyfcu.org.
About Brinkman Technologies, Inc.
Brinkman Technologies, Inc. (BTI) was founded in 1984 in Carrollton, Texas, a suburb of Dallas. In 1986, BTI introduced PowerLine, the first PC-based, multi-tasking cash management system operating in a private network environment. BTI now offers a full suite of banking services for financial institutions and multi-bank service bureaus, including electronic bill presentment and payment, corporate cash management, home banking, Internet banking, fax reporting, and ACH. Please visit www.banksystems.com or www.nextbill.com for more information.
MEDIA CONTACT:
Kevin Doel
Talon Partners
972-466-0040
kevin@talonsc.com
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