IBT Continues to See Increased Revenues and Steady Growth in Core Platform Customers in 2011

CEDAR PARK, Texas--(BUSINESS WIRE)--Innovation. Imagination. Integration. IBT a leading innovator of financial service products and best of breed solutions that provide cost effective enterprise-wide technology that improves process and the customer experience for financial institutions today announced a 35% increase in core platform customers in the period ending December of 2011. Despite the down economy, IBT product sales in key business lines of core and payment services continued to increase throughout the year driven by a product suite that delivers true real time core integration and real time alerts for banks and credit unions across the country.

“The competition is formidable in today’s climate of new and burdensome regulatory requirements on institutions and dealing with the lost traditional revenue streams of the past. Growth and survival, for banks and credit unions is a sound investment strategy in technology and innovation keeping them competitive and profitable”

IBT continues to deliver a robust scalable platform minimizing independent data silos found in so many legacy platforms. The integrated product suite includes the core platform foundation, Check 21 Image transaction processing with options for Teller capture, Branch capture, Merchant capture, Mobile capture and Home capture. IBT also includes fraud algorithms with signature verification, document imaging, internet banking as well as bill pay, treasury management, telephone banking, personal financial management and mobile banking.

The cornerstone of IBT’s success is its commitment to customer service and true innovative solutions for banks and credit unions that consistently improve process and the customer experience and lesson the overall operational costs of providing these improvements. IBT embraces the needs of its customers with its open philosophy of providing seamless integration with other vendor products that add value and help solve the business needs of its customers. This cooperative culture leads to industry leading solutions that foster growth and customer retention.

“The competition is formidable in today’s climate of new and burdensome regulatory requirements on institutions and dealing with the lost traditional revenue streams of the past. Growth and survival, for banks and credit unions is a sound investment strategy in technology and innovation keeping them competitive and profitable," said Mike Golebiowski president of IBT.

About IBT

Headquartered in Cedar Park, Texas, IBT specializes in providing complete enterprise automation for financial institutions with products such as core processing, Check 21 proof automation, mobile banking, internet banking, document imaging and Personal Financial Management applications complete with 24/7 support services. The company focus is to push the innovation envelope to improve process and deliver reliable real time information across all delivery channels. The IBT suite of scalable products delivers robust functionality and flexibility making the cost of ownership affordable while dramatically improving customer experience.

For more information, visit www.IBTapps.com