PROMONTORY INTERFINANCIAL NETWORK’S
INSURED CASH SWEEPSM SERVICE INTEGRATED WITH DCI
ARLINGTON, VA – (March 12, 2012) – Promontory Interfinancial Network, LLC, which has established a network of approximately 3,000 banks, today announced that its Insured Cash SweepSM, or ICSSM, service is now fully integrated with Data Center Inc.’s (DCI) iCore360® core banking software.
“The integration of ICS with DCI, one of the most experienced and innovative developers of bank technology in the nation, significantly benefits the customers of our companies’ services. It is now seamless for these bankers to use ICS to attract large-dollar, high-value relationships by providing their customers with access to multi-million-dollar FDIC insurance, to reduce ongoing collateralization costs, and to replace higher-cost funding,” said Steve Kinner, Promontory’s head of sales. “ICS integration with DCI will provide time savings, ease of entry, reduced likelihood of error through automation, and enhanced reporting capabilities.”
“Integrating the ICS service with iCore360®, simplifies critical accounting and reporting features and allows our banks to seamlessly view their ICS account information in iCore360®,” said Sarah Fankhauser, DCI Executive Vice President. “We are excited to provide this enhanced functionality with a valuable product like ICS.”
For more information, contact: Phil Battey; Vice President, External Affairs; Promontory Interfinancial Network, LLC; (703) 292-3357.
About Promontory Interfinancial Network:
Based in Arlington,VA, Promontory Interfinancial Network was founded in 2002 to provide financial institutions with profit-enhancing services through a network whose “synthetic size” would help each member institution to compete more effectively. To learn more about Promontory and its services, visit www.promnetwork.com.
Founded by bankers in 1963, Hutchinson, Kan.-based DCI is a privately-held provider of full-service bank technology and award-winning processing solutions to the financial industry nationwide. DCI’s flagship product, iCore360®, is a native ASP .NET Web-based core processing system for complete bank management, built around a single relational source of account information, transaction integration and automation. Key features include integrated deposit and loan platform, imaging, Internet/mobile/online banking, ATM/card processing network, teller automation, compliance, fraud prevention, IT management, networking and data security. For more information about DCI and its products, visit www.datacenterinc.com.