FundsXpress Financial Network, Inc. and Alabama Credit Union Announce Renewal of Strategic Partnership

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FundsXpress Financial Network, Inc., the premier provider of online financial services, and Alabama Credit Union, a $225 million asset financial institution headquartered in Tuscaloosa, Alabama, today announced the expansion of their strategic partnership.

FundsXpress Financial Network, Inc., the premier provider of online financial services, and Alabama Credit Union, a $225 million asset financial institution headquartered in Tuscaloosa, Alabama, today announced the expansion of their strategic partnership.

FundsXpress will continue providing Alabama Credit Union with its industry leading fx eBanking platform and bill pay service. Alabama Credit Union will also benefit from the new FundsXpress fxSecurity suite with Dual Authentication, the industry’s most comprehensive anti-fraud and risk analysis solution, and the fx1to1 package, which includes five Internet banking features that provide customer “self-help” and direct marketing functionality. A FundsXpress client since 2001, Alabama Credit Union’s new agreement will extend the partnership through 2010.

“Serving the students attending area universities is one of our credit union’s major priorities,” said Kathy Davis, Alabama Credit Union’s chief financial officer. “The FundsXpress Internet banking platform and bill pay solution has consistently provided the industry’s most reliable service. The FundsXpress fx eBanking solution helps us appeal to students and their parents with easy access to account activity and instant money transfers.”

“Alabama Credit Union has experienced a 36 percent increase in online bill pay activity over the last year, demonstrating their commitment to fulfilling account holders’ financial needs with our convenient, user friendly bill pay service,” said Greg Constantine, FundsXpress executive vice president. “This institution is yet another example of how the FundsXpress Internet banking and bill pay solutions allow financial institutions to service profitable account holders and expand into emerging markets.”

About FundsXpress Financial Network, Inc.

FundsXpress is a premier provider of Internet-based financial services and products for banks and credit unions nationwide. Through a state-of-the-art data center the company delivers a secure, scalable and proven financial product suite. FundsXpress’ products include retail and commercial Internet banking, cash management, automated lending, account aggregation and dynamic Web sites. FundsXpress clients benefit from the company’s value-added compliance support, customer service and leading adoption rates.

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Jennifer Dean