In Brief: Ariz. Loan Company, BankZip Reach Deal

POTTSTOWN, Pa. - BankZip.com, a provider of Internet banking services for community banks, has announced a partnership agreement with Outsource Financial Services, a Phoenix company that offers instant decisions on Internet loans and help-center support for online applications.

The alliance is to let BankZip's partner banks make faster and more informed decisions about extending credit to their consumer loan customers on a per-transaction fee basis.

Through a cobranded Web site, people can gain access to loan product and pricing information from their community bank, fill out and send in an application, and get a decision within 30 seconds. BankZip can also give its affiliate banks the option of outsourcing their consumer lending.

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