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Mercantile
Bankshares Chooses AXIS
Internet Banking and Bill Payment
$11 Billion Client Will Convert
All Active End Users
from In-House Systems to Digital Insight's Outsourced Products
CALABASAS, Calif., July 15 /PRNewswire-FirstCall/
-- Digital Insight® Corp. (Nasdaq: DGIN), a leading eFinance enabler, today
announced that Baltimore-based Mercantile Bankshares Corporation has selected
Digital Insight as its Internet Banking Solutions provider. Mercantile signed
with Digital Insight in Q2 2003 and will convert from in-house systems to
outsourced versions of AXIS® Internet Banking, Bill Payment and Presentment,
and Check Imaging provided by Digital Insight.
Mercantile Bankshares Corporation is one the
largest clients Digital Insight has signed based on asset size. Mercantile, with
more than $11 billion in assets, is a regional multi-bank holding company with
headquarters in Baltimore, Maryland. It is comprised of 20 community banks.
Sixteen banks are located in Maryland, three are in Virginia and one is in
southern Delaware. The largest bank, Mercantile-Safe Deposit and Trust Company,
represents about 40% of total assets and has 23 offices in Maryland and one full
commercial office in Pennsylvania. Mercantile will offer AXIS™ Internet
Banking, Bill Payment and Presentment, and Check Imaging to all of its retail
customers. All retail customers who use Mercantile's current Internet Banking
solution will be converted to the Digital Insight offerings.
"The Digital Insight solution is consistent
with our efficiency model while still providing a very competitive product to
our customers," said Robert King, senior vice president of Enterprise
Technology Services at Mercantile.
"Digital Insight is well-positioned to meet
the needs of both large and small financial institutions," said John
Dorman, chairman, president and CEO. "The convenience of outsourced ASP
products, our industry leadership, and proven product reliability are key
reasons why a growing number of financial institutions continue to choose
Digital Insight. We look forward to serving Mercantile Bankshares and all of its
community banks."
About Digital Insight (www.digitalinsight.com)
Digital Insight® Corporation is a leading eFinance enabler for visionary
financial institutions. Through its comprehensive portfolio of outsourced,
Internet-based financial products and services built upon the company's unique
architecture, Digital Insight enables banks and credit unions to become the
trusted transaction hub for their retail and commercial customers. Digital
Insight provides retail and commercial Internet banking, electronic bill payment
and presentment, eCommerce portal technology, wireless channel delivery,
advanced targeted marketing, website development and maintenance, as well as
online and call center lending services. Each Digital Insight product and
service reinforces the brands of its client financial institutions.
Contacts:
Jyoti Nanda
Corporate Communications
+1-888-344-4674, ext. 86048
press.releases@digitalinsight.com
or
Erik Randerson, Investor Relations
+1-888-344-4674, ext.86615
investor@digitalinsight.com