Wednesday April 21, 4:35 pm Eastern TimeCompany Press ReleaseSOURCE: Edify CorporationEdify Accelerates Move to Internet Financial Portal Solutions for BusinessUsersLeverages Key Market Opportunity: Ships Business Banking and Adds to Consulting ServicesSANTA CLARA, Calif., April 21 /PRNewswire/ -- Edify Corporation (Nasdaq: EDFY - news), a global leader providing Internet and voice e-Commerce solutions,today announced its first customer shipments of the Electronic Banking System Release 3 Business Banking Suite. Just one week after announcing shipment of itsConsumer Banking Suite, Edify has shipped its Business Banking Suite for the Web cash management banking sector. Edify, the leader in Internet consumer bankingsolutions with over 100 licensed customers worldwide, including Chase Manhattan Bank and Australia and New Zealand Banking Group Unlimited (ANZ). Today thecompany also announced that it is continuing its commitment to meet the growing consulting and technical demands of its customers by expanding its Financial ServicesPractice.The Business Banking Suite (BBS) is designed to anchor a Web portal for a bank's business customers. BBS is a complete suite of application modules that allowsbanks to target the unique needs of small and medium-size businesses. BBS is a vehicle for financial institutions to manage their entire customer relationships, includingcash management, loans, 401(k) and value-added services, by integrating marketing, sales management, account administration and customer service with Web, phone,and fax-based delivery. BBS is ideal for financial institutions that want to develop a business portal strategy. Financial institutions can now provide their businesscustomers with complete, one-stop shopping financial management solutions.``Financial institutions want to become the primary financial portal for their business customers,' said William A. Soward, vice president of business development atEdify Corporation. ``Edify is committed to building business solutions that position them for success.'BBS is optimized for electronic relationships through its integration of Web and call center solutions. It provides multi-channel enterprise-wide, real-time delivery. AsEdify's first product to go beyond self-service, BBS integrates a browser-based customer service desktop component with its extensive customer-facing capabilities.Financial institutions have the choice of using the BBS visual customization tools themselves or enlisting the help of Edify Consulting Services or those of itsimplementation partners, which include ACI, Hewlett-Packard, NCR and Parkers' Edge.In addition to announcing the general market availability of the Business Banking Suite, Edify also announced that it is commensurately stepping up resources in theFinancial Services Practice of its Consulting Services organization. The Consulting Services organization, using its proven methodology, provides full lifecycle consultingservices to tailor and customize the Electronic Banking System so that Edify financial services customers have solutions designed specifically to meet each institution'sneeds. Edify Consulting consists of over one hundred professionals and the infrastructure to provide robust solutions to its customers, focusing on large global banks,emerging Internet-only de novo banks and other financial institutions. The Financial Services Practice is comprised of banking implementation experts who have beeninstalling and supporting successful implementations since the original Electronic Banking System was launched over three years ago.To continue to deliver best in class solutions, the Financial Services Practice will now leverage the cash management and Internet delivery and payment expertise ofJeffrey B. Fischer who has joined the company as the new Director of the Financial Services Practice. Mr. Fischer brings to Edify over 20 years of online andinteractive wholesale banking experience, with expertise in cash management and Internet delivery and payment. Prior to joining Edify, Mr. Fischer was President ofTranSoft Services, Inc., the professional services subsidiary of Transaction Software Technologies, Inc., a leading cash management software provider. He was theNew Business Development Manager for Wholesale Banking at Tandem Computers (Compaq) and, at ABN Amro Services Company, Inc. (the North AmericanOperations subsidiary of the 12th largest bank in the world), Mr. Fischer was the Senior Vice President and head of the Corporate Payment Operations.``Mr. Fischer and his team will focus on the company's strategic and customer satisfaction priorities in the Financial Services sector,' said Alvin Begun, vice president ofservices at Edify Corporation. ``The flexibility of our Financial Services Practice allows us to give each financial institution customer its own custom-tailored solution toshowcase competitive advantages.'About Edify CorporationEdify Corporation is a global leader providing Internet and voice e-Commerce solutions used by Global 2000 organizations. The company's software offers organizationsthe means to automate, integrate and personalize interactions with customers and employees, yielding stronger, more profitable relationships.The company's software has been licensed to more than 1,250 organizations worldwide. Edify software is distributed directly and through leading solutions providers,application partners and distributors worldwide. With more than 470 employees, Edify Corporation is headquartered in Santa Clara, California, with internationalheadquarters in London, England. Additional information about Edify may be obtained by calling 408-982-2000 (USA) or +44 181 263 2710 (Europe, Middle East,Africa) or via the World Wide Web at http://www.edify.com. For product information, please call 800-944-0056 or email firstname.lastname@example.org.
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