Small banks that want to give customers the kind of Internet service that big banks provide could have a friend in Block Financial Corp. The H&R Block subsidiary, based in Kansas City, MO, is offering community banks Internet banking ser-vices, providing the expertise and technology these smaller banks can't acquire on their own. Through its Conductor Web site, Block offers banks transactional Internet capabilities that just a few leading-edge players have employed-all for $50,000 or less.
Block Financial has an alliance with bank processor Jack Henry & Associates of Monett, MO, a provider of back-office software and service bureau services to small and medium-sized banks. "Block is the link between the service bureau and the Internet," says Bill Anderson, president of Block Financial. "We can take a feed from its back-office software and build statements so that the customer can get real-time statements for a variety of accounts, download documents and pay bills."