Pittsburgh-based Mellon Bank has selected customer data base software from Worth Information Inc. Terms of the agreement were not disclosed.
Using the new system, customer information can be distributed bankwide at $31 billion-asset Mellon. The system does not replace the main customer information files. It combines customer and account data from all of the bank's existing application systems to provide specific information about customer relationships, profiles, and profitability.
The system runs on stand-alone DOS PCs and on Unix and Novell servers in a distributed network environment.
Worth Information Inc. is based in Minneapolis.
Warwick Savings
Going with Bisys
Bisys Group Inc. of Houston signed a multiyear outsourcing agreement with the Warwick Savings Bank, Warwick, N.Y. Bisys will provide data processing services for Warwick, which has $215 million of assets.
Scheduled for conversion this summer, Warwick will install management systems for finance, marketing, sales, reporting, and commercial lending. The bank also plans to implement the Bisys PC-based branch automation system.
Pacific Western,
Redwood Ink Pact
Redwood Empire Bancorp signed an agreement to license electronic banking software to Pacific Western Bank, a $1.1 billion-asset institution based in San Jose, Calif.
Under terms of the agreement, Pacific Western Bank will market the software to its corporate customers and Redwood will receive a percentage of the monthly revenue. The software is a cash management tool that allows corporate cash managers or small-business owners to make inquiries about the status of their loans and deposits and transfer funds through their own personal computers.
The software was developed by Redwood Empire Datacorp. Redwood was been using the software i-house for eight years. Redwood Empire Bancorp. is the holding company for National Bank of the Redwoods and Allied Savings Bank FSB. The company, based in Santa Rosa, operates throughout Northern California.
Virginia Bankers
Give Mellon Boost
The Virginia Association of Community Bankers endorsed Mellon Bank's Networks Services Group as the ATM processor of choice. Mellon expects the endorsement to triple the size of its customer base in Virginia, where the company currently provides processing for more than 40 community banks, savings institutions, and credit unions.
The association, based in Richmond, will endorse Mellon to any of its 100 members who are evaluating processors for new or existing ATM programs. Mellon already serves 20 banks in the association.
The banker's group is a lobbying organization and provides educational programs on behalf of its members.
Mellon Networks Services Group provides ATM and merchant card processing institutions in 30 states. In is a subsidiary of Mellon Bank Corp., Pittsburgh.
Guardians Buys
System from SSI
Guardian Mortgage Inc., Richardson, Tex. and Dale Mortgage Bankers Corp., Garden City, N.Y. have purchased optical disk systems from Stockholder Systems Inc. to automate their computerized report facilities. The systems will replace microfiche and computer-generated report distribution, archiving, and retrieval.
Different departments will be able to access centralized reports. Reports that would normally bee output to paper or microfiche are instead electronically loaded into a server PC, stored or magnetic or optical disk and retrieved on the PC screen.
SSI is a Nynex company based in Norcross Ga.
Arkansas Bank
Taps Affiliated
Commercial National Bank, Texarkana, Ark., signed a multiyear electronic funds transfer agreement with Affiliated Computer Services Inc., Dallas.
Commercial National Bank, with assets of $93 million, serves both Texas and Arkansas customers. ACT will provide ATM driving, electronic funds transfer, and card services.
Newtrend Wins
Service Contracts
Newtrend, a provider of outsourcing and software licenses based in Orlando, signed a handful of service contracts.
A $1.9 million licensing agreement for Newtrend's Infopoint data processing system was signed by Albank Financial Corp., a $3 billion-asset savings bank in Albany, N.Y. The bank will build a data center based on the IBM 9000 series mainframes.
The $175 million-asset First Federal Savings and Loan Association of Thibodaux, La., signed a $1.2 million data processing contract.
Sunburst Bank, a $1.7 billion-asset bank based in Granada, Miss., signed an in-house contract for the Infopoint collection and professional services system.
Duluth Teachers Credit Union in Minnesota, with $28 million in assets and 8,000 members, signed a software agreement.
Milwaukee-based Aurora Credit Union, with $8 million in assets and 6,000 members, signed a software agreement for the Credit Union Business Environment client-server-based program and a five-year maintenance contract.
2 Missouri Banks
Turn to Outsourcer
Outsource Technology L.C. assumes the data processing services of two Missouri institutions: Bank of Jacomo, Blue Springs, and First Missouri Federal Savings and Loan Association, Brookfield. The company will support all deposit, lending, customer information, and financial management functions at both banks.
Outsource Technology, based in West DCs Moines, Iowa, is a subsidiary of Financial Information Trust, which sells software for in-house use.
Diebold to Buy
Mexican ATM Firm
Diebold Inc. reached an agreement in principle to purchase the majority interest in a Mexican ATM distributor, Hidromex, SA de CV. Terms were not disclosed.
Hidromex, which sells and services ATMs for Interbold, the joint venture between' Diebold and International Business Machines Corp., has been Diebold's ATM distributor in Mexico since 1987. The related businesses being acquired also distribute physical and electronic security equipment and Compaq computers.
Diebold said it expects Mexican government approval for the purchase, which should be completed later this year.
Hidromex, based in Mexico City, has annual revenues from ATM sales and services of about $25 million. Over the past three years, the company has sold 3,200 Diebold ATMs in Mexico, capturing more than 80% of that country's total market.
Diebold, based in Canton, Ohio, had revenues of $543.8 million in 1992 and earnings of $41.1 million.
Fleet Installing
NCR Line of ATMs
Fleet Financial Group signed a $5 million contract with NCR Corp. for 125 automated teller machines. Fleet is in the process of installing NCR's 5600 series of ATMs in its Massachusetts, Connecticut, and Rhode Island branches. Within the next three months, these ATMs will be installed in Fleet's Maine, New Hampshire, and New York branches.
NCR is based in Dayton, Ohio.
Bank South Picks
Brock Activity
Bank South Corp. selected the Brock Activity Manager series to automate its new Teleservices division.
Initially, the system will be used to manage the accounts of the bank's inbound and outbound teleservices. Eventually, applications will include telemarketing and sales modules, which run under the Unix operating system on a 486 processor.
Bank South, based in Atlanta, has assets of $4 billion.
Also headquartered in Atlanta, Brock develops, markets, and supports software products for sales, marketing, and customer service.
CLS Corp. Acquires
LeMans Group
CLS Corp., Blue Bell, Pa., has acquired LeMans Group Ltd., King of Prussia, Pa.
CLS is a provider of consumer loan outsourcing and servicing to financial institutions, government agencies, and institutional investors.
The LeMans Group provides leasing software and servicing. LeMans's software products include LeaseMaster II for the processing of consumer vehicle leases and LeasePro II for the management of equipment leasing portfolios.
The merged company will provide outsourcing and servicing, with an emphasis on facilitating the packaging, securitization, and servicing of consumer financial assets. The new corporate headquarters will be in King of Prussia.
