PowerLine™ Wireless delivers
access to account balances and transactions, reordering checks, and transfer of funds between accounts at the PowerLine™ Wireless client bank. But if this
was all we were able to offer, we would be no different from many other
wireless application service providers. To differentiate our wireless
product from the competitive projects announced so far, BTI needed to do
several things.
The first goal was to bring the most advanced product to market and
have it fully operational long before the competition could complete their
announced R&D projects. The second goal was to offer functionality
that no one else currently offers. The final goal was to base the system
on the proven and tested financial products of BTI. In all cases, we
have met or exceeded project expectations.
We are proud to offer in addition to the basic features listed above,
the following PowerLine™ Wireless capabilities:
PowerLine™ Wireless co-branded with the client bank
name/logo
- Delivery of financial information to most all Wireless Application
Protocol (WAP) devices including Palm™, Handspring, and HP handheld
computers (with wireless service), digital cell phones, and two way pagers
such as the Blackberry® by RIM Technologies.
- Funds transfers to/from wireless customer's own accounts at other
banks
- Electronic bill payment (pay anyone) from the wireless device
Later this year, we will add the ability for customers to see the
balances of their accounts at other banks and we will incorporate our
NextBill.com Electronic Bill Presentment / Bill Payment
(EBPP) technology to allow the bank and other billers to present summary
bills for display on the wireless device that can then be paid from the
same wireless device.
You are invited to check out the NextBill.com web site at
www.NextBill.com. We are proud to
join Airborne Express in announcing that they have entered a growing group
of global companies that have selected NextBill.com as their
EBPP vendor. You may be interested to know that this is the same EBPP
services we offer our client banks for mortgage and loan payment
processing.
BTI is certain that PowerLine™ Wireless is going
to make a positive impact on consumers’ expectations of wireless
technology. Never before have people been able to carry the equivalent of
multiple ATM's, the wire transfer department, and their Internet banking
product in their pocket.
“All of the market research that I’ve seen indicates that the average
users of wireless technology are young, mobile, affluent, and more
importantly willing to do business with companies progressive enough to
cater to their mobile lifestyle,” said Craig Yarbrough, BTI’s senior vice
president e-Commerce and banking. “PowerLine™ Wireless will give
banks an excellent opportunity to capture significant portions of this
emerging market. We will deliver in Q1 of this year what other wireless
ventures have promised to deliver in 2002 or later. Our strategy was to
develop a wireless product that is universally affordable with little or
no ongoing transaction fees, bring it to market before the competition,
and then hit the ground running.”
For more information about PowerLine™ Wireless or to find
a bank near you that offers PowerLine Wireless e-mail us at wireless@banksystems.com
PowerLine™ Wireless – “Wireless technology you can bank
on!”©
