CALABASAS, Calif., Oct. 19 /PRNewswire-FirstCall/ -- Digital Insight Corp.
(Nasdaq: DGIN) (www.digitalinsight.com), the leading on-demand banking
provider, announced today that Tappahannock, Virginia-based Eastern Virginia
Bankshares (www.bankevb.com) (Nasdaq: EVBS), has renewed and expanded its
relationship for consumer Internet Banking, Business Banking and
After an extensive review process, EVB cited Digital Insight's ability to provide superior products, services and support from within its 'Deep Defense' security environment as important to its customer service and business goals. In particular, EVB foresees Digital Insight's solutions playing an integral role in its efforts to attract, retain and serve business customers.
Digital Insight maintains interfaces to more than 100 core processing platforms and more than 175 technology partners, enabling the company to effectively integrate hundreds of products and services with the core systems of a large number of financial institutions. Digital Insight monitors the security and reliability of all these technology interfaces from within its own data center. This capability benefits financial institutions like EVB by enabling them to bring industry-leading products and services to their end users with greater technological and economic benefits than the financial institution could achieve alone.
'Our mission is to provide superior financial products and services in
each of the communities we serve,' said EVB Chief Operating Officer,
Through Digital Insight, EVB's consumer Internet Banking customers will
have access to
The bank's consumer Internet Banking and Business Banking end users will be protected by Digital Insight's Multifactor Authentication solution, which helps enhance login security beyond username and password by storing a second factor of identity authentication on each user's PC to help prevent fraudsters from impersonating legitimate users.
EVB will utilize Digital Insight's comprehensive Marketing Suite, featuring Email Manager and Promotion Manager, to leverage its online banking site as an effective sales channel. The Marketing Suite is a proprietary collection of one-to-one marketing tools that mine end user information and transaction data into targeted campaigns that cross-sell and up-sell an institution's products and services.
EVB will also be able to leverage Digital Insight's proprietary Growth and Retention Program, a set of best practice marketing and sales tools, creative materials and training programs that effectively encourage customers to utilize more online products and services. This program has proven successful in helping hundreds of financial institutions drive adoption and growth of the online channel.
'Digital Insight's expanded partnership with EVB is testament to the benefits our on-demand platform delivers,' said Digital Insight Chairman, President and CEO Jeff Stiefler. 'We look forward to helping EVB continue to grow by delivering a superior online banking experience.'
Digital Insight is the largest outsourced provider of online banking services in the United States .
About EVB
EVB, based in Tappahannock, Virginia, is a subsidiary of Eastern Virginia
Bankshares (Nasdaq: EVBS). EVB operates 22 branches across Caroline, Essex,
Gloucester, Hanover,
Eastern Virginia Bankshares' subsidiaries include EVB Investments, EVB Mortgage, EVB Insurance, and EVB Title. Currently, the organization has assets totaling $815 million .
About Digital Insight
Digital Insight(R) Corporation (Nasdaq: DGIN) is the leading provider of on-demand banking services to mid-market banks and credit unions in the United States . The company's extensive portfolio of on-demand applications are hosted in its world-class data center and securely delivered via the Internet. Outsourcing the management of online banking services to Digital Insight empowers financial institutions to generate new sources of revenue, increase customer retention and realize increased cost efficiencies. For more information, visit www.digitalinsight.com.
As of June 30, 2006 , Digital Insight applications served more than 1,750 financial institutions, 6.7 million consumer end users and 108,000 business end users.
Safe Harbor Statement under the Private Litigation Reform Act of 1995
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future growth potential of the relationship between Digital Insight and Eastern Virginia Bankshares, and the ability to promote higher product adoption and improve business results. Such statements are based on management's current expectations. Because of various risks and uncertainties, including unrealized expectations for end user adoption and longer than anticipated product and interface implementation schedules, actual strategies and results in future periods may differ materially from those currently expected. Additional discussion of factors affecting these forward looking statements is contained under the caption 'Risk Factors' in Digital Insight's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Digital Insight undertakes no obligation to update publicly any forward-looking statements.
SOURCE Digital Insight Corporation
