BankServ uses Tarantella web-enabling software to remain industry
leader
When $350 trillion is wired across the United States
every year, access to a secure, automated system of cash management
is the key to success.
BankServ processes nearly $3 billion a day in wire transfers on
behalf of its GFXN customers. By offering online access to its Global
Funds Exchange application, BankServ could attract a whole level
of new business; customers who can pass the benefits on to their
own end users for a genuine win-win relationship. 
New
Markets Available
- A rapid deployment of GFX to the banking community
- A solution to deliver multi-platform applications including
a proprietary application for a wire transfer service
- No client install
- Web interface to send wires directly from a bank's servers to
Fedwire, the service operated by the Federal Reserve, which manages
all wire transfers within the US
- The end-user customer needs to send a money transfer securely
and immediately, and know that the transfer has arrived safely
- Security of money transfer is paramount, but many small banks
do not process enough wires a day to justify the cost of maintaining
a full security screening process
Many small banks are very paper-intensive. The manual process of
wiring money results in more time to perform the transfers, leads
to more mistakes and a longer, more complex audit trail.
Solution: ASP Delivery
- Use Tarantella to ASP the GFX application
- By automating the security processes, online access to GFX offers
smaller customers rapid, secure wire transfers
- As an ASP, offering online access to the GFX application to
even the smallest banks, BankServ can successfully penetrate this
market segment and continue as the market leader
- No need for the smaller bank to invest in expensive software
— they pay only for the GFX application when they use it,
and provide better customer service as a result
"BankServ has a reputation for being at the
leading edge of the wire transfer market. Our customers demand a
secure, automated system for their cash management and by using
Tarantella we could respond to our customers' needs and remain the
industry leader."
— Wes
Lockwood, Communications Director, BankServ
Access From Any Client Site
GFX operates on a Windows NT® server
with an Oracle® engine and can be accessed
by any client site operating in Windows®
95, Windows 98 or Windows NT.
By accessing GFX online, even the smallest financial institutions
can take advantage of high-end wire transfer automation and benefit
from:
- Efficient and accurate processing at low cost
- Reduced risk
- Provide customers with timely notification of their wire transfers
- Control volume growth with minimal staff
- Peace of mind
By offering online access to its Global Funds
Exchange application, BankServ could attract a whole level of new
business.
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The Challenge
Offer online access to BankServ's Global Funds
Exchange application to provide secure and immediate wire transfers
for its customers.
The Solution
BankServ used Tarantella software to quickly ASP
the GFX application, reaching even the smallest banks, to successfully
penetrate this market segment and continue as the market leader.
The Benefits
— Retain market leadership
— Win new customers in new markets
— Increase profitability
Customer Testimonial
"The web is changing the way the banking
industry operates. Tarantella software allows us to provide our
clients with web based cash management services more quickly. We
had planned to rewrite our GFX applications, but Tarantella®
Enterprise™ software gave us cost savings of about 50 to 75%.
The project is expected to be completed about nine months faster
than anticipated."
— Mike Dionne, Vice President and
General Manager, BankServ
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