ShareTec Systems and IBT Partner to Provide Powerful Credit Union Platform

CEDAR PARK, Texas--(BUSINESS WIRE)--Innovation. Imagination. Integration. IBT, a leading innovator of financial services products and best of breed solutions in process innovation and customer experience, today announced that it has partnered with ShareTec Systems to complement their robust credit union core product suite offerings with an integrated solution for teller capture, branch capture and Share Draft processing.

In todays’ highly competitive environment the branch experience becomes a focal point in customer satisfaction. Credit Unions are looking for best of breed solutions to stay competitive and offer exceptional service. This partnership allows for effectively capturing transactions at the branch, receiving sharedraft files for core posting and utilizing the most current forward presentment and clearing options. This total integrated solution lowers the operating costs while improving the customer experience. The Credit Union and its members immediately enjoy having the simultaneous access of images and transactions across all customer delivery channels.

“The Credit Unions’ reliance on the Corporates has changed dramatically with the recent regulatory pressure on them. Although the majority of services will remain within the corporate structure, many Credit Unions have discovered the value of shifting some traditional services to superior offerings from Sharetec Systems with its four regional partners. The ShareTec Systems approach delivers a robust integrated solution developed internally and through strong partnerships such as IBT that improve the member services experience while reducing overall operating cost," stated Mark Dittman, IBT CEO.

About IBT

Cedar Park, Texas-based IBT continues to focus on process innovation and customer experience through innovations in technology across the entire suite of products. IBT specializes in real time channel integration software applications and real time interactive alerts with its unique design making all information available simultaneously across all delivery channels. All applications including i²Core (Core Processing), i²Teller (Image Teller product) i²RDC (Remote Deposit Capture) are available for on premise and ASP environments for any size financial institutions across the country with 24/7 support services. IBT’s robust design dramatically improves service and enhances the customer experience while significantly reducing the cost of ownership.

For more information, visit www.iBankTech.net.

About Sharetec Systems - Credit Union Management Software

Sharetec, an industry leader in the development of Credit Union software, was founded in 1994 by four regional partners; Bradford-Scott Data Corporation, Data Systems of Texas, GBS and Northern Data Systems. These partners provide research and development, marketing and support within regional territories. The Sharetec partners maintain a dedicated staff of sales, support, training, and software development specialists for the Sharetec product. In addition to the regional development resources, Sharetec maintains a national software development center outside of Minneapolis, Minnesota. These highly skilled software developers, quality assurance and documentation specialists, support the partners and develop the Sharetec product, one of the few products with a suite of features specifically for credit unions. Sharetec is one of the top selling Credit Union software packages in the United States with over 330 member Credit Unions from Maine to California. Sharetec has been the national leader in new system installations over the last ten years in the credit union marketplace.

For more information, visit www.sharetec.com.