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Management Strategies

02:40 PM
I&T Staff
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Big Deals

***Mellon Picks Inovis

Mellon Global Cash Management (Pittsburgh) selected Inovis' (Atlanta) value-added network to manage the flow of B2B commerce data across Mellon's global trading community.

***Tri Counties Taps Corillian

Tri Counties Bank (Chico, Calif.) selected Corillian's (Hillsboro, Ore.) next-generation online banking and security technology, including Corillian Personal Money Manager and Corillian's Intelligent Authentication solution.

** Fannie Mae Taps Misys

Washington, D.C.-based Fannie Mae will use London-based Misys' Summit FT product, a single, multi-asset class treasury and capital markets solution, to enable straight-through processing.

** First Security Expands Deal With FundsXpress

First Security Bancorp (Searcy, Ark.) has extended its partnership with online financial services provider FundsXpress Financial Network (Austin, Texas) to include real-time and electronic statements for retail and commercial customers, as well as Positive Pay for commercial users.

** First Merit Uses P&H

First Merit Bank (Akron, Ohio) will use P&H Solutions' (Newton, Mass.) P&H Web Cash Manager Enterprise Business Banking Product to provide enhanced functionality to its users and expand its customer base.

** Reliance Acquires SunGard Subsidiary

Atlanta-based Reliance Financial purchased SunGard's (Calabasas, Calif.) wealth management outsourcing subsidiary. Reliance will continue to use SunGard's AddVantage asset management, trust accounting and securities processing solution.

** Guaranty Joins Endpoint

Guaranty Bank (Dallas) has joined national check image exchange network Endpoint Exchange Network (Oklahoma City).

***DB Selects BCS Group

Deutsche Bank (Frankfurt) has selected Business Control Solutions Group's (London) ControlCentre process management platform as its central margin call management utility, in part to help manage derivatives product growth.

***HSBC Bank USA and Cardtronics Brand ATMs

HSBC Bank USA (New York) and Cardtronics (Houston) will brand up to 59 ATMs in Walgreens locations in Northern New Jersey. All of the Walgreens HSBC-branded ATMs will be surcharge-free to the bank's customers.

***BPO Venture

Metavante (Milwaukee) and ICICI OneSource (Mumbai, India) have partnered to offer business process outsourcing services to U.S. financial institutions.

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