BTI UNVEILS POWERLINE INTERNET BANKING SYSTEM
System Could Revolutionize Electronic Bill Payment by Allowing Consumers to originate ACH & EDI Transactions
DALLAS (November 21, 1998).Brinkman Technologies Incorporated (BTI) announces the release of its PowerLine Internet banking system. In addition to fundamental banking functions, users of PowerLine Internet can interface with BTI's Core ACH Processing System, which allows retail customers to originate Electronic Data Interchange (EDI) transactions.
"PowerLine Internet essentially allows consumers to originate EDI transactions without a third party," said Mark Brinkman, President of BTI. "This can result in substantial savings to the consumer and increased profits for banks. Third party processors traditionally charge up to 50 cents per transaction. The use of PowerLine Internet could cost consumers less than 10 cents per transaction because banks will handle the bill payments directly rather than through the third party processors."
PowerLine Internet receives and processes customer originated transactions and other account processing requests such as: account transfers, loan payments, bill payments, stop payments, check orders and e-mail. It maintains all required information for recurring EDI bill payment transactions.
The PowerLine Internet system maintains and displays 30 or more days of transaction history detail and totals including deposits, credits, checks, withdrawals and debits. The system also displays detailed transaction information such as date, description, amount and check number. Customers can sort checks by date, date range, description or check number.
About Brinkman Technologies, Inc.
Brinkman Technologies, Inc. (BTI) was founded in 1984 in Carrollton, Texas, a suburb of Dallas. The company's initial focus was the development of application software for mainframe to personal computer communications. 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 from small banks to multi-bank service bureaus, including corporate cash management, home banking, Internet banking, fax reporting, and ACH. All BTI products are Year 2000 compliant. For more information, please call 972-242-8090 or visit our Web site at www.banksystems.com.
MEDIA CONTACT:
Kevin Doel
Talon Partners
972-466-0040
kevin@talonsc.com
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